‚ÄúA ‚Äúshadow‚Äù supply of 1.6 million homes facing foreclosure or already owned by banks is estimated to hang over the U.S real estate market — these are properties that typically go uncounted by most real estate listing services.‚Äù
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‚ÄúAbout 1.1 million out-of-work Californians will lose their state or federal unemployment insurance beginning in early January if the two houses of Congress can’t cut a deal.‚Äù
‚ÄúThey may lack heat and a consistent water supply, but the vacant dwellings aren’t as ‘depressing,’ as one New York mother puts it. Advocates say the number of squatters nationwide is rising.‚Äù
“(Reuters) РFour years after the banking system nearly collapsed from reckless mortgage lending, federal prosecutors have stayed on the sidelines, even as judges around the country are pointing fingers at possible wrongdoing.”
‚ÄúNEW YORK (CNNMoney) — The number of Americans filing for first-time unemployment benefits dropped to their lowest level since April 2008, boosting optimism in the job market.‚Äù
“And we’re up. The housing starts figures from November, released this morning, show a promising escalation. It’s not terrifically exciting news—though they increased, single family starts continue to “move sideways.”
“SAN FRANCISCO — California’s attorney general filed lawsuits against mortgage giants Fannie Mae and Freddie Mac on Tuesday, demanding that the companies that own some 60 percent of the state’s mortgages respond to questions in a state investigation.”
“Payrolls increased in 29 states in November, while the jobless rate declined in 43, a sign the labor market is recovering across much of the U.S.”
“The California Regional Multiple Listing Service reported in October that total revenue generated from all of October’s 2,121 deals fell to the lowest level for for that month in since 2007. (See chart at right!)”
“Us: How will 2011 be viewed when we all have a clear head? The bottom? More of the same? Year you’d rather forget?”
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