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The risks of a correction in Canada’s housing market have risen, and home prices would need to fall by as much as 30 per cent or more to return to trend levels, Macquarie Capital warned in a new report.
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This time is different!
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A sea level increase is probably politically easier than an interest rate increase anyway.
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When is a down-payment not a down-payment? When its a loan.
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Yeah, but in Vancouver you get all that hot, sunny weather.
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The U.S. consumer may be on the mend as we head further into 2011, but the same story of resurgence does not apply to many of the U.S. big-box retailers.

From Wal-Mart to Sears to Target to Best Buy, if you look at what is happening in the retail space, "it looks pretty scary," says retail expert Howard Davidowitz.
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Home values are falling at an accelerating rate in many cities across the U.S.
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Unless you have spent time talking with Las Vegas residents, you can't fully appreciate how common and accepted strategic default is in that town.
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Robert Shiller: Home prices have been going up for nearly a year now, according to our data, the S&P/Case-Shiller indices ... Normally we could extrapolate that kind of upward trend because historically home prices have shown a lot of momentum. But I think we're in a very unusual circumstance because of the massive bailouts, the homebuyer tax credits, the Fed's purchase of mortgage-backed securities -- and these things are coming to an end.
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Housing has been going sideways for seven months now, mainly due to lax lending standards (at FHA), the First time Homebuyers Credit, and the Fed's mortgage-backed securities (MBS) buyback program. But once the props are removed, the market will fall sharply.

So where's the real demand for housing?

Here's a hint: There isn't any.
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Some local governments will be facing tighter budgets than expected if the county property appraiser's forecast of double-digit drops in land values across most of Pinellas holds true.

"It's going to be a tough budget year," Pinellas County Property Appraiser Pam Dubov said.
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Good rules but why does the government have to come up with them? Why can't the banks figure this out themselves?
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Unit 104 at the troubled Clear Lake Palms condominiums off Executive Center Drive has been listed as a short sale for $29,900 _ a drop from its original 2008 asking price of $195,900.
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The brief period of stabilization in housing appears to be over and the next leg-down has begun. Mortgage rates are edging higher, foreclosures are on the rise, and the government programs that supported the sector, are being phased out. The uptick in bank-owned properties (REO) is adding to surplus inventory and pushing down prices.
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Sheila Ryan paid dearly for her front-row seat to the boom and bust of South Florida's condo market.

She put down $239,900 in 2006 for what she thought was a gem, a one-bedroom condo near downtown Fort Lauderdale. Little did she know that would be the peak of the condo market.

Over the next two years, investor-owners walked away from nearly half of the 20 units in her complex. Taxes went up and condo association fees rose to $350 from $180