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Soaring Home Sales Volume Is The Real Story

May 15, 2009

Home prices slide 14% | money.cnn.com

The worst hit States, Nevada, California, Arizona and Florida  huge increases in sales volume is the most significant point of this article. It means that prices have hit the level necessary to generate strong sales indicating that price stabilization is here or very near. The drop in the median prices is as expected in as much most sales are entry level or investor driven, meaning lower priced product predominates.   Only a substantial increase in unemployment and/or mortgage rates will derail this stabilization.

How to solve the foreclosure crises( and fix the economy as well)

January 26, 2009

How To Solve the Foreclosure Crisis-Laing 12/06/08 | online.barrons.com

The author suggests a viable proposal to solve the foreclosure crisis at very limited cost to taxpayers. With some modification it could be improved substantially to stabilize home values as well as mortgage assets.

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