Forced Sales and House prices: a study

In this paper we seek to understand the illiquidity of the housing market, and specifically the effects of foreclosures on the prices of foreclosed houses and other houses in the same neighborhood. We use a comprehensive dataset on individual house transactions in Massachusett …

June foreclosure petitions decline in Mass.

Fewer petitions to foreclose on homes were filed in Massachusetts in June compared with a year ago, even while the number of homeowners who lost their homes to foreclosure more than doubled.

Economic Pain

Today, over 40 million Americans are on food stamps and over 20 million U.S. children are living in poverty. Tens of millions of Americans are unemployed, and personal bankruptcies and foreclosures continue to set all-time records.

The Do-Nothing Party : Contrary Republicans

The majority of Americans want financial reform because it is desperately needed. Given how much the Republican leaders like to complain about the economy and the federal government's response, they should understand this.

U.S. home foreclosures reach record high in second quarter

The number of U.S. homes taken back by banks through foreclosure hit a record high in the second quarter, even as lenders delayed more homes from entering the process through short sales and loan modification efforts, according to data to be released Thursday.

Buy your next home from Uncle Sam - MSN Real Estate

Americans who are brave enough to buy a home despite persistent predictions of a double dip in housing may want to contact the federal government, as the recession and financial crisis have turned Uncle Sam into one of the largest owners of real estate in the United States. Risi …