Wednesday, December 15, 2010

6 real estate headlines: 12-15

A daily dose of headlines for real estate agents, mortgage lenders and consumers.
America's most stable housing markets
: The picture may look bleak on the national and regional levels, but zoom in and there are plenty of cities where home prices are rising.
Tax appeals swamp U.S. towns as property values decline
: The backlog of cases from taxpayers seeking to lower property-tax bills of more than $100,000 rose to 14,236 this year from an annual average of about 6,000 during the past decade.
At least 3 more years of housing trouble 
Reuters: The housing market will remain depressed, with record high foreclosure levels, rising mortgage rates and a glut of distressed properties dampening the market for years to come.
Borrowers wait for lower mortgage rates and lose
: Now those in the market to buy or refinance have to decide whether to take what's available or wait - and run the risk that rates will keep rising.
Using Google Maps to find foreclosures
The Atlantic: You can add foreclosures to the list of searches that Google excels at executing.  It's both incredible and awful to see just how foreclosure continues to plague the U.S.
Home values tumble $1.7 trillion in 2010
CNN Money: This year's drop in home values is 63% bigger than the $1 trillion dip in 2009, and brings the total value lost since the housing market's peak in 2006 to a whopping $9 trillion.

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