“Home prices in 20 U.S. cities fell 19 percent in January from a year earlier, the fastest drop on record, as demand plummeted and foreclosures rose.”
Enough said.
Tags: Fall Record, Foreclosures
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Filed under: In The News
Dateline Phoenix (UK.Reuters):
“Today, as a result of declining home values, millions of families are “underwater,” which means they owe more on their mortgages than their homes are worth. These families are unable to sell their homes, and unable to refinance them. So in the event of a job loss or another emergency, their options are [...]
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Filed under: In The News
The House just passed a Bill entitled “Housing and Economic Recovery Act of 2008”. It is said as of this writing that the Barney Frank version just given the okay in the House is the piece of legislation that will be passed imminently by the Senate, and that Pres. Bush has now agreed to sign [...]
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Does a younger population that wants to feel like they live in a young country elect an old warhawk for their leader? It would be bad enough in 2008 if McCain would not be the oldest President ever, but for him to promise to continue an experience of military adventurism that is unpopular in the [...]
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Never one to do anything half-way, I am preparing to work for the next three days and still feeling like Mother Nature does not like me very much. But, the show must go on, as they say.
It kind of reminds me of what my grandmother used to tell me when I was young, “If [...]
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Filed under: In The News
“The American people should not have to work so hard to get leaders who will actually help them…” — Hillary Clinton
Stepping aside from the clash during last night’s debate, I’ve been thinking about the statement above from Hillary Clinton in her closing argument in the debate. American’s are struggling in this ever tumbling economy just to get by. [...]
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Filed under: In The News
As an only parent with a struggling small business I’m one of those Americans who’s worried about the economy. In truth, I’ve had concerns about the economy for years now. I’ve watched small businesses like my own struggling under the Bush administration for years and now, the sh*t has truly hit the fan.
I felt that [...]
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Filed under: In The News
My first thought on tonight’s debate is that all of our candidates were great. The format being more of a round-table worked very well after the rough and tumble bitter infighting that has plagued our front-runners in recent days.
Barack Obama admitted that he, ““not only in hindsight, but going forward,” regretted that members of his staff had [...]
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Filed under: In The News
With the economy in a tail spin, regardless of what the last vestiges of deniers want to say, Paul Krugman took a look yesterday at the economic proposals of the various candidates on both sides of the aisle. Here’s a few observations from Krugman that I’ve re-interpreted for sake of brevity:
The short McCain: “a candidate [...]
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On Friday, there were new indications “that the spiraling subprime mortgage crisis is spreading from home loans to credit cards, potentially engulfing a far broader segment of Americans.” I thought when I heard the news… Wow… they’re catching on to what we already know around here.
How bad is it? Bad enough for Treasury Secretary Henry M. [...]
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Filed under: In The News
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