Monday Morning News Roundup

Downs:

• SF Bay Area new house prices down 20% in two years
• sfgate.com
• Fairfield, CA housing prices plunge 23% in one year
• sfgate.com
• Dwindling mortgage options leaves Bay Area sales mired in misery
• sfgate.com
• LA sales mired in jumbo loan slowdown
• ocregister.com
• CA Inland Empire Houses for less than $200K
• housing-kaboom.blogspot.com
• Forty to fifty cents on the dollar: the new reality
• sptimes.com
• Mothballed developments delight squatters and meth dealers
• patrick.net
• Developer-lender combos helped build a bust
• realestate.msn.com
• Subprime mess is a crime story
• canada.com
• Banks can’t foreclose because they don’t own the loans anymore
• nytimes.com
• No shelter from the housing storm
• articles.moneycentral.msn.com
• America’s economy: Getting worried downtown
• economist.com
• Goldman Sees Subprime Cutting $2 Trillion in Lending
• bloomberg.com
• Could This Credit Crunch Have Been Avoided?
• minyanville.com
• NAR Issues More “Now is a Great Time to Buy” Propaganda
• efinancedirectory.com
• Unlocking the Riches of Oz
• lvrg.org.au
• Land value tax discourages speculative bubbles
• en.wikipedia.org
• Dollars no good for the Taj Mahal
• news.bbc.co.uk
• FBI attacks alternative to falling dollar
• spokesmanreview.com
• In Paul They Trust (The Feds May Differ)
• washingtonpost.com
• Europe’s property sector hit hardest
  MSNBC
• UK November Home Prices Fall; Sellers Told to Ask for Less
  Bloomberg

Ups:

• Regional property market to remain robust
• Taipei Times, Taiwan
• China end-Oct property prosperity index 105.74, up 2.34 points yr …
  Forbes, NY
• Landmark property sets record in top sales weekend
• Warrnambool Standard, Australia