Real estate: It's time to buy again Forbes: Data from research firm Metrostudy, which tracks new-home inventories for 65% of the U.S. market, show that the plummeting construction rate over the past few years has reversed a glut in supply. | Home prices fall in 19 major U.S. cities Washington Post: Home prices in the nation's capital are up 3.6 percent year over year and have risen nearly 11 percent since they bottomed out in March 2009. |
New options for underwater home owners CNBC: After banks' initial resistance to loan modification programs and refinancing designed to help struggling borrowers, many are now embracing programs for homeowners in trouble. | Administration proposes banks spend $20B to fix botched foreclosures Washington Times: If the plan succeeds, the president would attain a key goal without having to spend further federal dollars on the program. |
Housing slump still here: Case Schiller Wall Street Journal: Heads of big banks have questioned the fairness of writing down loans, while claiming the costs could be enormous if widespread principal reductions are triggered by a settlement. | Broker's book of Beatles business trips Inman News: A Nashville real estate broker writes "Come Together: The Business Wisdom of the Beatles," using anecdotes from the musicians' careers as springboards for lessons to aspiring business people. |
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