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Look at it this way, yes, housing prices are down by record amounts... but maybe you can get yourself a Black Friday deal on a house?
The Case-Shiller indexes showed prices in 10 major metropolitan areas fell 18.6% in September from a year earlier and 1.9% from August. The drop marks the 10-city index's 12th-straight monthly report of a record decline. In 20 major metropolitan areas, home prices dropped 17.4% from the prior year, also a record, and 1.8% from August.
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cool housing
Make Your Next House A Shipping Container
These 12 ideas for converting shipping containers into homes are pretty cool, if not always practical or cheap. Our favorite is the one that's probably among the most expensive to make, not to mention that added cost of relocating to New Zealand to get the awesome view. Runner up: Ross Steven's three-story fortress built into a hillside (see page 2).
"Crate Expectations" [Treehugger via Digg]
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Main Street
What Does The Bailout Mean For You?
So, Congress finally passed the bailout bill. You know about the Treasury's newfound $700 billion, and you've heard about the snipped golden parachutes, but what does the 451-page week-old shotgun savior of a bill actually mean for you? More » -
housing
Escape The Rat Race With A Tiny House
It's not just supermarkets that are shrinking—you can also build yourself a 90-square-foot house to shack up in with your hunched-over spouse and children. You'll save money! You'll save the environment! Relatives will never expect to be given free room and board when they come to visit! More » -
Too Big Too Fail
Nobody Panic: Government Seizes Freddie Mac, Fannie Mae
Oh dear, all that talk about Freddie and Fannie being "adequately capitalized" was utter bullshit and the government has now announced plans to place the failed government sponsored enterprises into conservatorship. That means the fate of the housing market and the global economy rest squarely on the shoulders of U.S. taxpayers.
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shopping
Expect Fewer Deals At Home Depot, Lowe's
Home Depot and Lowe's are starting to realize that the surging housing market — which had fueled their own sales for the last few years — is really and truly over and it may not be coming back for a good long while. What does this mean for their customers? An emphasis on lower prices every day — and fewer promotions.
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badvertising
Don't Fall For Mortgage Infomercials Masquerading As "News Networks"
Reader Brian says he saw the above pictured infomercial on CNBC this Sunday, and is wondering how they get away with such a "blatant attempt to take advantage of those same mortgage consumers who where hoodwinked in the first place." More » -
credit crunch
Homeowners In Denial: Everyone's House Is Worth Less Except Yours
According to a new survey from Zillow.com, Americans are totally out of touch with reality when it comes to their homes. 62% of homeowners surveyed said they thought their homes had appreciated in value over the past year. In fact, only 19% of homes in the US increased in value, and 77% actually decreased in value. (5% stayed the same.) More » -
Subprime Meltdown
Halt Foreclosure Proceedings By Challenging Your Bank's Claim To Your House
Banks don't always own the homes they're trying to repossess, a crucial oversight that residents facing foreclosure can exploit to stay in their homes—though not without effort. Mamie Ruth Palmer successfully sued the Bank of New York after the bank tried to foreclose her home without possessing the note securing the property. After six years in court, the bank agreed to slash her outstanding mortgage in half and waive $12,000 in foreclosure fees so she could keep her home. More » -
recession watch
U.S. Foreclosures Double: 1 in Every 171 Households Affected
Hmm, wasn't this housing bubble crap supposed to be slowing down? Guess not. The foreclosure numbers for last quarter are twice as bad as last year according to the new numbers from RealtyTrac (a firm that tracks foreclosure filings.) 1 in every 171 households nationwide was foreclosed on, received a default notice or was warned of a pending auction in the second quarter of 2008. Bloomberg says this is an increase of 14% from last quarter and an increase of 121% from this time last year. More »





















