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Industry News Roundup for August 2, 2010

August 2nd, 2010 by Berit Griffin

The Mortgage Mess’s Dirty Details
Smart Money
“The housing crisis is far from over. U.S. house prices remain about 30% below their mid-2006 peak. More than 3% of mortgage holders are in foreclosure, and another 9% are at least 90 days late on their payments.”

Connect the Lots
Big Builder
“As the housing market fell, lot t development stood still. After more than a year’s land rush for ready-to-build lots, the pickings for right-priced finished lots in prime locations are slim to none. So, even while home sales remain lackluster, many production builders find themselves keenly in need of land.”

Breaking Down the Housing Policy Debate
The Atlantic (Blog)
“With the Wall Street regulation bill behind Congress, it has already begun to tackle the next big fiscal issue: housing policy reform. With the government sponsored entities (GSEs) Fannie Mae and Freddie Mac shaping up to be the most costly of all bailout recipients, it’s a problem that deserves serious attention. What should Washington decide?”

Women as a Growing Force in the Housing Market
Fine Homebuilding (Blog)
“…Generation Y women are now 1.5 times more likely than men to earn undergraduate and graduate degrees, and, in many metropolitan markets, single women in their 20s earn 105% of what their male counterparts earn.”



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