Of course, when you are propped up by MSM lies you would come down pretty quick, wouldn't you?
They did let you know the foundation was weak.
Watch it for yourself: South Tower "Collapse"
"Mass. housing rebound elusive, data say" by Jenifer McKim, Globe Staff | March 26, 2010
More than 2,000 Massachusetts homes went into foreclosure in February, a sign the state’s housing problems are not going away soon.
--more--"
But BUCK UP!!
"Nationwide, the data showed home values remained flat over the last year, a sign that the US housing market finally hit its bottom but is not yet on the upswing.
--more--"
Just wait a MSM second.
"Real estate market hopeful but wary" by Jenifer B. McKim, Globe Staff | April 1, 2010
Is the Massachusetts housing market officially in recovery?
The numbers alone seem to say yes. Median sale prices for single-family homes increased 8.4 percent in February, marking the third consecutive month of higher prices compared with the same three months last year, according to data released yesterday.
Data released by who?
Sales volume also rose 13.5 percent compared with February 2009, the eighth straight month of improvement compared with the same stretch last year, according to Warren Group, a Boston company that tracks local real estate. Condominium sales and prices also were up last month.
And there was more upbeat real estate news in another housing report released earlier this week — Boston area home values swelled by 0.3 percent in January in seasonally adjusted data, according to the S&P/Case-Shiller Home Prices Indices.
But....On the upside....
Yeah, pass that salt shaker, will you. An invaluable companion when reading the business section.
--more--"
Related: Region leads home sale rise
A recovery threat in the shadows
Lurking like a "terrorist?"
And BLAME the RAIN, why don't you?
"After the deluge; A recovering housing market is stalled by flooding from recent rainstorms" by Jenifer B. McKim, Globe Staff | April 8, 2010
Record heavy rains that flooded basements and turned lawns into lakes in many Massachusetts communities also have dampened the crucial spring housing market, delaying closings on sales, scaring off buyers, and causing some owners to postpone plans to put their houses up for sale....
Related: The Great New England Flood of 2010
The new challenges come as the local housing market has been showing signs of recovery after nearly five years of falling prices....
If there is an up side to the heavy rains, it’s....
Unbelievable. That is just an insult.
Indeed....
Even with....
Please, no more.
I've had my fill of s***.
--more--"
Yeah, it's deluge of something every day in the Boston Globe.
"High on the high end; Sales in Boston’s luxury condo market up more than 50%" by Jenifer B. McKim, Globe Staff | April 16, 2010
Boston’s luxury condominium market, hard hit by the economic downturn over the last two years, is making a dramatic comeback that some say signals renewed faith in high-end real estate....
Yeah, WE KNOW the WEALTHY are MAKING OUT.
As for the rest of us serfdom slobs?
The BOTTOM FELL OUT!
"Mass. foreclosure petitions rise 21%; Data for March show housing recovery is still on shaky ground" by Jenifer B. McKim, Globe Staff | April 23, 2010
The number of foreclosures in Massachusetts increased dramatically last month as more homeowners fell behind on mortgage payments or lost homes to lenders — a sign the housing market’s recovery remains tenuous, real estate specialists say....
Then all this above is just... sigh.
The rise in foreclosures compounds existing problems for neighborhoods plagued by abandoned and neglected properties. But how the swelling numbers affect the housing market, which has been boosted recently by growth in sales and prices, is unclear....
Well, it can't help!
Usually means PRICES GO DOWN -- unless the dollar craps, of course!
They know something you do not, readers?
And look at what passes for "journalism" in New England's largest daily.
I'm just cringing thinking about the but, ifs, yets, and whatever else to follow.
If
No sooner are the letters of my typepad than....
more bank-owned homes flood the market, they might depress sales and hurt consumer confidence, said Barry Bluestone, dean of the School of Public Policy and Urban Affairs at Northeastern University. But, he noted, foreclosure deeds are a lagging economic indicator, reflecting financial problems that started months if not years ago.
Yeah, and the PROBLEMS have NOT BEEN FIXED!
“The sharp rise in deeds reflects many people who have been in trouble for a long time and have lost their homes,’’ he said. “The deeds data does not portend what will happen in the future.’’
That's just insulting.
How does MORE PEOPLE being KICKED OUT of their homes HELP?
I don't see it, unless you are a wealthy overlord who will gobble up land and property for pennies on the dollar and the.... you would think the people would learn from history, but we never do.
Paul Willen, a senior economist for the Federal Reserve Bank of Boston, said that even if it’s too late for many struggling homeowners, the housing market in Massachusetts has gained momentum.
Yeah, he's a plumb source.
“I expect house prices to grow roughly at the rate of inflation or more over the next few years,’’ Willen said. “Even if you believe house prices were overvalued, we’ve seen a big correction.’’
Translation: YOU ARE BEING CUT LOOSE!
In 2007, Massachusetts homeowners started to lose properties in increasing numbers as the subprime mortgage market began to collapse. The number of foreclosure deeds peaked in 2008 and started to fall last year, according to Warren Group....
Cambridge lawyer Paul Collier said the new data represent a “new wave’’ of foreclosures, prompted by high unemployment and the failure of government programs to ease financial pressures for homeowners who are at risk.
The Globe never does get out of its bubble.
It is no longer a newspaper; it is now just a deceitful, distorting piece of agenda-pushing propaganda that is totally divorced from reality.
Many of the newest foreclosures, he said, are related to subprime mortgages signed in 2006 and 2007. He blamed lenders for not helping homeowners, despite an array of government incentives to encourage them to do so. “Nobody is modifying these people’s mortgages, ’’ said Collier, who represents homeowners fighting foreclosure. “It is purely a rush to continue to foreclose on the homes of people in economic stress.’’
Yeah, they TOOK the MONEY and RAN!!!
The number of foreclosure petitions filed in March represented the most since July, according to Warren Group. Still....
You see why I am sick of reading the newspaper.
An increasing number of homeowners in wealthier communities also are having difficulty paying their mortgages, according to Warren Group’s data.
Yeah, that's why this article appears -- although the charade that is really in your interest, average citizen, must be maintained so this is placed in the back of the piece.
More homeowners in Belmont, Cambridge, Sudbury, Weston, and Winchester received foreclosure petitions in the first quarter of this year, compared with a year earlier, the data show.
Oh, my heart bleeds for the poor richers.
In contrast, the number of petitions in communities most affected by foreclosures — including Roxbury, Lynn, and Springfield — is starting to ebb.
Yeah, there is still water coming into the boat but I don't think we be sinking anytime soon.
Steve Meacham, a community organizer with City Life/Vida Urbana, a Jamaica Plain-based housing activist group, said more suburban homeowners are showing up at community meetings, seeking assistance. “The foreclosure crisis was never solved,’’ he said.
No, NOTHING HAS BEEN!
It is BACK to BUSINESS as USUAL on WALL STREET and in WASHINGTON!
Whatever the implications, the latest statistics are clearly bad.
Yeah, I LOVE SEEING "whatever" in the PAPER!
Nicolas Retsinas, director of Harvard University’s Joint Center for Housing Studies, said the data are a reminder the housing rebound will probably be slow-going. “It does suggest that any kind of recovery is going to be sluggish and may falter,’’ he said.
IF there EVEN IS ONE!
--Foreclosures up 21 in Mass. for March--"
Don't worry, though; state Senate to the rescue!
"Mass. Senate to start debate on foreclosure bill" by Associated Press | April 25, 2010
BOSTON — The Massachusetts Senate is planning to start debate Thursday on a bill designed to protect renters and older homeowners as foreclosures continue to climb.
Crisis has been going on for years, and now that it is "ending" they are FINALLY getting involved?
The bill would bar tenants from being evicted from foreclosed properties and toughen consumer protections for senior citizens considering reverse mortgage agreements. The bill would also encourage lenders to modify loans to help homeowners stay in homes, create an abandoned and foreclosed property registry, and criminalize residential mortgage fraud.
The proposed legislation comes as the number of foreclosures initiated by lenders jumped 21.6 percent in March compared to the prior month and 8 percent from a year earlier. The increase was a sign that the recovery in the housing market remains tenuous, real estate specialists said.
--more--"
Mind closing that barn door on your way in?
