WSJ Quarterly Housing Survey: More Pain to Come

I meant to get to this last week, but the day it came out, I was mostly drunk (my bday), and I somehow missed it: “Despite some tentative signs of recovery, the U.S. housing market remains vulnerable to further price drops—especially in areas where large numbers of mortgages are headed toward foreclosure over the next few years. The Wall Street Journal’s quarterly survey of housing-market data in 28 major metro areas shows sharp drops in the number of homes listed for sale across the countr

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Seattle-Area Foreclosures Appear to Resume Pre SB-5810 Rise

Time for our September update on Foreclosure activity in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: September 2009 King: 796 NTS, up 31% YOY Snohomish: 421 NTS, up 42% YOY Pierce: 479 NTS, down 11% YOY Not surprisingly, as the newly-mandated 30-day pipeline begins to fill up, foreclosures seem to be resuming their upward trend across the Sound. It’s interesting to note that as of the end of the day yesterday, Trustee Deeds (the actual re

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US Foreclosure Filings Jump 23% to Record in Third Quarter – NIMBRUNG.NET

Rocky Mount Telegram US Foreclosure Filings Jump 23% to Record in Third Quarter Bloomberg By Dan Levy Oct. 15 (Bloomberg) — US foreclosure filings climbed to a record in the third quarter as lenders seized more properties from delinquent borrowers, according to RealtyTrac Inc. A total of 937840 homes received a default or auction notice or … Seattle foreclosures buck national trend, report says Seattle Post Intelligencer Hawaii foreclosures up 63% in September Bizjournals.com all 166 news art

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Washington Is Just Not That Into You

Panel Says Obama Plan Won’t Slow Foreclosures In a report mild in language but pointed in substance, the Congressional Oversight Panel — a watchdog created last year to keep tabs on taxpayer bailout funds — said the administration’s program would, “in the best case,” prevent “fewer than half of the predicted foreclosures.” The report rebuked the administration for failing to shape a program that addressed the most significant engines of the foreclosure crisis — soaring joblessness and exoti

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Really? Hotel trouble from Aspen to Palm Beach

Real estate news and views from around the globe that make you go, “Really?” INFAMY LIVES ON: Bank that owns the shuttered Watergate Hotel in DC is in negotiations with a buyer. MORE HERE ! GOING DOWNHILL: Aspen’s historic Hotel Jerome faces foreclosure. MORE HERE ! STRIPPED DOWN: Lehman Bros. sued to block foreclosure sale of Vegas hotel. MORE HERE ! FLORIDA FOIBLE: Palm Beach boutique hotel falls into foreclosure-sale battle. MORE HERE ! OLD SCHOOL: Co

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