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Tag Archives: Consumer Spending

Price Reductions Unchanged as Sellers Start the Summer With Optimism

Unchanged from last month, 22 percent of listings on the market as of June 1, 2010 experienced at least one price reduction, San Francisco-based Trulia recently reported. And price reductions dipped slightly from the same period last year when 23.6 percent of listings experienced price cuts. According to Trulia, the total dollar amount slashed from home prices was $26.7 billion, and the average discount for price-reduced home continued to hold steady at 10 percent off of the original listing price.

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Fed Study Finds Principal Writedowns Minimize Risk of Redefault

Servicers who lower distressed homeowners's mortgage payments by reducing the principal balance, as opposed to just making interest rate adjustments, are much more likely to see the payments keep coming in and ward off a redefault, according to a new study published by the Federal Reserve Bank of New York.

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Safeguard Properties Receives Leading EDGE Award

Cleveland’s Safeguard Properties was among 96 Northeast Ohio companies honored at the 2009 Crain’s Leading EDGE Awards at Kent State University in May. In its third year, this prestigious award was created and developed by The Entrepreneurs EDGE, a non-profit organization that provides services, programs, education, civic and networking opportunities to mid-market companies to help them grow in value.

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Treasury Collects $2.5B In Bank Dividends

The U.S. Treasury said on Friday that American taxpayers have already begun to get back some of the money that they’ve invested to bailout the nation’s banks. The Treasury has collected $2.

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Williams & Williams Launches ?Online Only Auctions?

A new home is just a mouse-click away with Tulsa, Oklahoma-based Williams & Williams launching Online Only Auctions as part of its real estate auction platform. The innovative platform allows sellers the convenience of fast-forwarding through the process by simply registering properties online and letting buyers take their pick.

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