Home Resales in U.S. Rise 2.4% in May to 4.77M Rate Amid Foreclosures [Bloomberg]
U.S. Home Prices Drop 6.8 Percent in April as Foreclosures Rise [Bloomberg]
Housing Eludes Recovery as Job Losses, Foreclosures Climb [Bloomberg]

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Comments from “Plugged-In” Readers

  1. Posted by eddy

    Haven’t had a link post like this one in a while. Always good reads. Thanks.

  2. Posted by DataDude

    It will be interesting to see whether The California Foreclosure Prevention Act, or Assembly Bill X2 7, which postpones foreclosures for 90 days, and went into effect June 15, 2009, will have any impact in our state’s housing market.
    The law does not require a bank to “provide a modification to a borrower who is not willing or able to pay under the modification.” The target debt-to-income ratio is 38 percent.
    Does anybody have an early indication as to whether this act will significantly reduce California foreclosures over the coming 3 months?

  3. Posted by Mole Man

    How could this distraction actually have any effect in the mid to long term? This is a stupid game. The foreclosures are already signed and sealed.

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