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Losses and Zombie Debt in Residential Mortgages Surpass $5 Trillion

Mortgage debt of $5.6 trillion is a bubble legacy and the most obvious source of a renewal of the financial crisis.

25Nov2009 | | 1 comment | Continued
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Case-Shiller Still Predicts Massive 45% Fall From Today’s Values

The 10 major cities in the Standard & Poor’s/Case-Shiller home price index have risen 5% from their April low, but the index is still predicting a massive 45% fall from today‚Äôs values.

24Nov2009 | | 52 comments | Continued
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Single-Family Inventories Remain Oversupplied by 900,000 Units

Inventory of single-family homes fell 60,000 units in October. They remain oversupplied by 908,000 units when compared to the long-run average.

23Nov2009 | | 3 comments | Continued