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Housing Wire – "CoreLogic: Negative equity props up home prices in toughest markets" (6-11-12) "The negative equity problem may actually be pushing up home prices at the bottom of some of the hardest-hit housing markets, according to a report from CoreLogic ($17.39 0.06%) ."

Sell My House Martinsburg - Martinsburg Realtor – Two Cents – Considering the recurring costs and the opportunity costs, it tells you at what price point you’ll save money, long-term, by buying rather than renting. In this example, that price point is $1,363 vs. a $200,000 home. Renting anything under $1363 will earn you more money in 20 years than buying a home.

A $4.25M home in Rancho Mirage for the Obamas? But it’s not that hot.” The President’s motorcade pulled into Thunderbird Country Club in Rancho Mirage about 5 p.m., home to the PGA Tour’s Humana Challenge. Obama didn’t appear bothered by the heat.

 · This represents 23.7 percent of all U.S. homes with mortgages. In addition, 2.3 million borrowers had near negative equity (less than 5%). total negative equity decreased from $742 billion to $691 billion as home prices ticked up over the past couple of months. Mark Fleming, the chief economist for CoreLogic:

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RealtyTrac: Buying a home is unaffordable in 18% of counties CoreLogic: Negative equity props up home prices in toughest markets Overall, the report paints a picture of a national housing market that is. Nevada is having the toughest time: 36% of all mortgaged homes there had negative equity.

For the first quarter of 2012, the Census Bureau reported the homeownership rate dropped to 65.4 percent, which was a yearly (66.4 percent) and quarterly drop (66.0 percent). Even more significant.

HUD: Robo-signing settlement to accelerate principal reductions In addition to higher credit lending standards and mortgage insurance premiums, FHA also received a windfall of roughly $1 billion as the result of a landmark mortgage servicing settlement announced.

In San Diego, newer homes are smaller and cheaper than they were 10 years ago, and we’re not building much single-family or multifamily housing, which is also keeping supply down. Prop 13..

This week’s line-up packs plenty of leaders from all the key sectors. As such, it may not be unfair to characterize this week as a make or break week for the Q2 earnings season. This week will.

Instead, yesterday the company outright canceled the IPO, citing poor market conditions. which has been working hard to clean up its largely coal-dependent generation portfolio, announced a $300.

State of New York accuses Evans Bank of redlining Regional New York bank Evans Bancorp was accused of illegally discriminating against African-Americans in Buffalo by denying them mortgages in a lawsuit filed by the state’s attorney general on.

Within days, the government shored up offshore Australian bank debt with a taxpayer guarantee. Profits would be restricted, share prices crimped, credit rationed. Australians would suffer, they’ve.

Bullard: Fed could taper as soon as October St. Louis Fed President James Bullard said that the probability of easing back the pace of asset purchases had increased and one possible reaction to a recent run of upbeat data was a small taper at.