The Boston Globe reports from Massachusetts. "After renting for four years, Maggie Crowley is about to join the ranks of Boston homeowners. Her new digs: a snug 297-square-foot studio in the Back Bay. The price: a hefty $366,000. Crowley hopes to live in the condominium for a few years, renovate,...
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A weekend topic on data. The news we read and how it's interpreted. How numbers and statistics are used within it. From yesterday: "One thing that isn’t going away despite the hot market is the payment of financial concessions by sellers. Financial concessions, such as paying a buyer’s closing...
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It's Friday desk clearing time for this blogger. "Erica Luna’s commute eats almost four hours out of her workday, and means no messing around with the snooze button at 4 a.m. She’s a San Francisco Bay area exurbanite, one of the legions trading convenience for a mortgage on the fringes of the most...
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The Dallas Morning News reports from Texas. "A nationwide mortgage scam with roots in the devastating U.S. housing market decline sent dozens of financial workers and builders to federal prison, cost banks millions and is still reverberating through the North Texas economy. The scheme, known as a...
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The Star Phoenix reports from Canada. "An oversupply of housing is having a 'severe impact' on Saskatoon developers big and small, says Ruben Beattie, business manager with Equinox Home Innovations. 'If you look at the number of sales, they’re not that far off, but you look at supply, it’s...
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The Maui News reports from Hawaii. "Maui's housing shortage is driving up the cost of homes, both for buyers and renters. Marion Haller, president of the Realtors Association of Maui, said it's axiomatic that whatever trends happen in the U.S. West Coast real estate market take three to 12 months...
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A weekend topic on lending and the housing bubble. The Visalia Times Delta"A new working paper by Wharton economists Fernando Ferreira and Joseph Gyourko, the authors argue that the idea that subprime lending triggered the crisis is misguided. That paper looks at foreclosure data from 1997 through...
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It's Friday desk clearing time for this blogger. "China's stock market bubble is undergoing an epic deflation -- and few U.S. industries have as big a stake in the potential economic damage as the tech sector that powers Silicon Valley. Peninsula-based agent Ken DeLeon said that 'a client who's...
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