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The Canadian Press reports US real estate agent with 'extra tweak' of jalapenos wins World Championship Chili Cookoff THE ASSOCIATED PRESS CHARLESTON, W.Va. - An Illinois real estate agent who gave her jalapeno peppers an "extra tweak" has won the world championship cookoff of the International C...
10/12/2009
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Public Employee Pension Funds will need to cut benefits in the near future. They are bleeding billions of dollars and are left with few options other than doubling-down commercial real estate and other bad bets that they've already made. Make no mistake, pension funds are throwing a "hail-mary" p...
10/11/2009
Next time someone quotes Zillow as a reliable source for property values, send them this link so they can see this screen shot. Without even going into whether we know if the sale listed is a market or trustee sale (which Zillow doesn't bother to differentiate between), it's truly amazing that th...
10/11/2009
The Obama Administration's Making Home Affordable Program has only produced 1,711 permanent modifications. From The New York Times 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 ...
10/10/2009
California's Budget is only 10 weeks old and revenue is already more than $1 Billion short. This should come as a surprise to no one. California's Budget was passed with smoke-and-mirrors financing and overly optimistic projections. Without huge federal aid, expect much more pain to come for stat...
10/10/2009
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Realtors Love Social Networking. The Sacramento Bee reports Home Front: California Realtors stay busy online ...A new survey from their California trade group reveals a new generation of agents obsessed with e-mail, social networking, cruising multiple listing services and publicizing listings on...
10/10/2009
Did the FHA knowingly make bad loans with taxpayer money to prop up the housing prices? Was it because of political pressure? Barney Frank says in The New York Times “I don’t think it’s a bad thing that the bad loans occurred,” he said. “It was an effort to keep prices from falling too fast. That...
10/09/2009
The California Association of Realtors released their 2010 Housing Market Forecast The median home price in California will rise 3.3 percent to $280,000 in 2010 compared with a projected median of $271,000 this year, according to C.A.R.'s "2010 California Housing Market Forecast," presented toda...
10/07/2009
This article originally appeared on HousingStorm.com I don't have time to watch much CNBC, but this morning I watched a few minutes after wrestling the remote away from my three-year-old. Steve Liesman said something that got me thinking. The discussion was about jobs and if we were going to be l...
10/05/2009
This article originally appeared on HousingStorm.com Is it too early to declare mortgage modifications a complete failure? Inside the OCC and OTS Mortgage Metrics Report (mentioned briefly this morning), is a collection of charts and graphs depicting mortgage re-default rates after loan modificat...
10/02/2009
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