December 29, 2008

How’s this for Affordable?

129 Minneapolis Homes for < $35k! The neighborhoods aren’t swanky, and there’s no guaranty that prices won’t fall further. But on the eve of 2009, no fewer than 135 homes within the city of Minneapolis are for sale for less than $30,000. In many cases, that’s less than the value of the land underneath the...
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“The Case Against Case-Shiller”

Bad Numbers??The S&P/Case-Shiller report for October (there’s a one-month lag) is due to be released tomorrow, and the numbers are likely to be ugly: the Sept. numbers were down 17.4% year-over-year, and down 1.8% month-to-month, respectively, and there’s plenty of anecdotal evidence that things got worse in October. So, to repeat, it’s not going to...
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