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Case-Schiller home-price index

The home price increase that isn’t

by Constantine von HoffmanJuly 28, 2009 Economy

The media organizations are abuzz with bad information this morning.

CNN: Home price index up for 1st time in 3 years
Wall St. Journal: Home Prices Post Monthly Increase
Financial Times: US home prices rise in May

What they all said was that month-to-month prices rose 0.5%, according to Standard & Poor’s and Case-Shiller. Coming [...]

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Is Trust Returning to the Mortgage Industry?

by Jay HammondJuly 1, 2009 Bailout

“The economy is based on trust,” said Dean Johnson, associate professor of finance at Michigan Technological University in Houghton, Michigan.
In situations like the recent housing bubble, or even the stock market collapse of 1929, where markets were driven by debt and fueled by the false expectation that values can only increase, trust can be a [...]

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