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need to know
Apple CEO Cook’s deleted Super Bowl tweet
Google CEO Pichai gets $199 million in stock
How to get a free Chipotle burrito
What to expect from Whole Foods earnings
Sears warns on sales, to speed up closures

Can oil get so cheap that it won’t pay to extract it?
Oil sinks under $29 as EIA lowers price outlook
Barron’s Buzz: How low can the price of oil go?

99 Cent Gas May Be on Its Way
99-cents-a-gallon gas may be on its way: 24/7 Wall St.

Is the gold rally the real deal or ‘fool’s gold’?
Teen can keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Gold futures stretch win streak to five sessions

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall
 
Deutsche Bank co-CEO says bank is ‘rock solid’
Deutsche may buy back billions in debt: FT
Why the selloff in European banks is ominous

This stock market has been Europe’s best in 2016

Market strategists are coming to believe the main things stocks need right now is an investor purge.
Strategists are arguing that stocks need a true purge

These charts detail S&P 500’s precarious posture
Michael Brush: Stock-market stars are aligned
Double-digit market decline in an election year?

White House forecasts decade-best economic growth
Obama proposes $4.1 trillion federal budget

Americans quitting their jobs hit a nine-year high
NFIB survey hints wage gains are fleeting
Job openings are second highest on record

Five questions that Janet Yellen must answer
Yellen may say goal is not to slow the economy
Fed: Too white, too male, too many bankers?
Expansion won’t die of old age: S.F. Fed study

Facebook, Amazon are the keys to tapping this market
French regulator threatens to fine Facebook
India bans Facebook’s free Internet service


Europe’s battles: migrants, ‘Brexit’ and ECB
German output, exports drop in December
Roubini: Welcome to the New Abnormal


Hurdle on Yelp’s path toward $1 billion in revenue

This has been the No. 1 car in America for decades
How far can you get on $50 in gas?


/conga/frontpage.html 367475

Markets »

88.04MDow Volume:
Avg Vol: 129.39M
Unchanged
148
Decliners
3805
Advancers
2514
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,068 +41 0.26%
Nasdaq
/quotes/zigman/12633936/realtime 4,298 +14 0.33%
S&P 500
/quotes/zigman/3870025/realtime 1,861 +7 0.39%
GlobalDow
/quotes/zigman/629063/realtime 2,087 -16 0.78%
Gold
/quotes/zigman/33772884/delayed 1,189 -9 0.76%
Oil
/quotes/zigman/2260836/delayed 28.45 -1.24 4.18%
FTSE 100
/quotes/zigman/3173262/delayed 5,632 -57 1.00%
DAX
/quotes/zigman/2380246/delayed 8,879 -100 1.11%
CAC 40
/quotes/zigman/3173214/delayed 3,998 -69 1.69%
FTSE MIB
/quotes/zigman/1482176/delayed 15,913 -528 3.21%
IBEX 35
/quotes/zigman/2759620/delayed 7,928 -195 2.39%
Stoxx 600
/quotes/zigman/2380150/delayed 309 -5 1.58%
Asia Dow
/quotes/zigman/6959860/realtime 2,471 -44 1.76%
Nikkei 225
/quotes/zigman/5986735/delayed 16,085 -919 5.40%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,021 -266 1.10%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.82%
Yen
/quotes/zigman/16008150/realtime/sampled 115.13 -0.72 0.62%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.15%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.40%
DXY Index
/quotes/zigman/1652083/delayed 96.09 -0.59 0.61%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.34 -0.29 0.33%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.73 -0.02 0.98%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.02 8.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.69 -0.01 0.78%
Spain 10yr
/quotes/zigman/15866444/realtime 1.78 +0.03 1.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime -0.02 -0.06 163.32%
Crude Oil
/quotes/zigman/2260836/delayed 28 -1 4.18%
Gold
/quotes/zigman/33772884/delayed 1,189 -9 0.76%
Corn
/quotes/zigman/25518691/delayed 361 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 16,027 +39 0.24%
S&P F
/quotes/zigman/43106711/delayed 1,858 +6 0.34%
Silver
/quotes/zigman/32655632/delayed 15 0 1.21%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 100.36 0.61 0.61%
AAPL /quotes/zigman/68270/composite 95.37 0.36 0.38%
GOOG /quotes/zigman/59527964/composite 683.24 0.50 0.07%
BAC /quotes/zigman/190927/composite 12.21 -0.07 -0.53%
C /quotes/zigman/5065548/composite 37.54 -0.27 -0.71%
F /quotes/zigman/264304/composite 11.42 -0.17 -1.47%
T /quotes/zigman/398198/composite 36.81 -0.30 -0.81%
BP /quotes/zigman/247026/composite 29.05 -0.87 -2.91%
GE /quotes/zigman/227468/composite 28.48 0.31 1.09%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

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Foreclosure Sales Flood Market

Foreclosures and other distressed properties account for more than a third of all home sales, and data released today suggests that figure may soon grow even bigger.

Lenders in January took back nearly 91,100 distressed properties, which includes foreclosures and short sales, up 29% from the previous month, according to data released this morning by LPS Applied Analytics, which tracks mortgage performance.  In the next few months, experts say those homes will make their way back to the market to join the already high percentage of distressed homes being snatched up by buyers.

That addition of distressed properties will likely lead to further drops in home prices, says Tom Popik, research director at Campbell Surveys, a real estate research firm. Foreclosures and short sales accounted for roughly 35% of total existing home sales in January — up 16% from June, according to the National Association of Realtors. Over that period, the median home price fell 8.5% to $154,700. “Prices are going to continue to go down for a long time,” says Popik

To be sure, distressed properties tend to make up a greater share of overall sales in the winter when investors are the predominant buyers, says Walter Molony, a spokesman for the National Association of Realtors. Families typically purchase a home in the spring and summer before the new school year begins. And because families tend to avoid buying foreclosures, distressed properties make up a smaller market share of home sales during that time, he says.

Still, as banks reclaim more foreclosed properties and put them back on the market, experts say homeowners are likely to feel the impact of a nearby foreclosure on their own property’s value. On average, home property values drop about 1% when they’re within one-eighth of a mile from a residence that’s received a foreclosure filing, according to the Woodstock Institute, which researches foreclosures, and the Georgia Institute of Technology. When the home is sold – whether in an auction or taken back by the lender – homes within a quarter mile lose up to around 4% of their value, which they’ll need between two and five years to recoup, according to a separate study in the Journal of Real Estate Finance and Economics.

For homeowners, more foreclosure sales in their neighborhood can lead to losing home equity at a time when millions already owe more on their home than it’s worth. Less equity will make it harder to borrow against homes for renovations, repairs, or other purposes, says Spencer Cowan, vice president at the Woodstock Institute.

Real estate pros say those who want to sell will likely end up getting less for their property than they expected. That’s because they’ll be competing with foreclosed homes that sell at a roughly 29% discount on average, according to RealtyTrac.com. Of course, these homes may stand out to buyers who prefer to buy a move-in ready home or at least one that doesn’t require extensive repairs like most foreclosures do.

What’s bad news for sellers, of course, is good news for buyers. In particular, experts say the spike in foreclosures means buyers have more leverage to negotiate a price on a non-distressed sale if it’s in a market where a significant number of homes are in foreclosure. They may also be able to purchase a foreclosed home at a relatively low price (though they’ll likely have to pump money into it for repairs).

During the last quarter of 2011, foreclosure sales in Las Vegas accounted for 59% of all home sales – among the highest in the country — according to RealtyTrac.com. Those homes sold for an average discount of 19%. In Sacramento, foreclosures made up 50% of all sales and sold at a 25% discount. But while they may get a deal, buyers shouldn’t count on turning a profit quickly especially if foreclosures continue to rise in the area dragging property prices further down.

Also See:

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Comments (5 of 59)

View all Comments »
    • By WebOsPublisher

      #!/usr/bin/env python
      # Copyright (c) 2008 Patryk Zawadzki
      # Based on an idea and Ruby script by Jakub Steiner
      #
      # Licensed under LGPL v3+ (gnu.org/copyleft/lesser.html)
      from xml.dom.minidom import parse
      import os
      import sys
      INKSCAPE = ‘inkscape’
      SRC = ‘./svg’
      def renderIt(template):
      print ‘Rendering %s…’ % template
      doc = parse(template)
      groups = doc.getElementsByTagName(‘g’)
      layers = [g for g in groups if g.parentNode.tagName == 'svg']
      for l in layers:
      plate = None
      for s in l.getElementsByTagName(‘g’):
      if ‘plate’ in s.getAttribute(‘inkscape:label’):
      plate = s
      break
      if plate:
      # if no plate is found, it could be a drawing aid, skip it
      context = ‘unknown’
      icon_name = ‘unknown’
      for t in plate.getElementsByTagName(‘text’):
      if t.getAttribute(‘inkscape:label’) == ‘context’:
      context = t.childNodes[0].childNodes[0].data.strip()
      elif t.getAttribute(‘inkscape:label’) == ‘icon-name’:
      icon_name = t.childNodes[0].childNodes[0].data.strip()
      sizes = plate.getElementsByTagName(‘rect’)
      for s in sizes:
      rectid = s.getAttribute(‘id’)
      width = s.getAttribute(‘width’)
      height = s.getAttribute(‘height’)
      dirname = u’%sx%s/%s’ % (width, height, context)
      if not os.path.exists(dirname):
      os.makedirs(dirname)
      fname = u’%sx%s/%s/%s.png’ % (width, height, context, icon_name)
      cmd = u’%s -i “%s” -e “%s” “%s”‘ % (INKSCAPE, rectid, fname, template)
      os.system(cmd)
      if __name__ == ‘__main__’:
      args = sys.argv[1:]
      if args:
      for a in args:
      renderIt(a)
      else:
      for root, dirs, files in os.walk(SRC):
      for f in files:
      if os.path.splitext(f)[1] == ‘.svg’:
      renderIt(os.path.join(root, f))

    • Greetings from Ohio! I’m bored at work so I decided to check out your wtseibe on my iphone during lunch break. I love the info you provide here and can’t wait to take a look when I get home. I’m surprised at how quick your blog loaded on my cell phone .. I’m not even using WIFI, just 3G .. Anyhow, excellent site!

    • Very good post, I was really searching for this topic as I wanted this topic to understand completely and it is also very rare in internet that is why it was very difficult to understand.
      Private Equity UK

    • For those people that have excellent credit and a secure job now is the perfect time to buy especially since mortgage rates are at historical lows and home prices have corrected 35 to 40 % over the past 5 years.

    • The sooner the forclosure market clears the better. But that is still several years. Home-ownership rates will not recover anytime soon either. And post-election (when interest rates start to creep back up) foreclosures will still be taking market share from “market based” sales. It’s a marathon, not a sprint.

      http://multifamilyinsight.com

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MarketWatch - Stock Market Quotes, Business News, Financial News

New York Markets Close in:

need to know
Apple CEO Cook’s deleted Super Bowl tweet
Google CEO Pichai gets $199 million in stock
How to get a free Chipotle burrito
What to expect from Whole Foods earnings
Sears warns on sales, to speed up closures

Can oil get so cheap that it won’t pay to extract it?
Oil sinks under $29 as EIA lowers price outlook
Barron’s Buzz: How low can the price of oil go?

99 Cent Gas May Be on Its Way
99-cents-a-gallon gas may be on its way: 24/7 Wall St.

Is the gold rally the real deal or ‘fool’s gold’?
Teen can keep $20,000 gold bar found in lake
Gold one of Wall Street’s best bets early in 2016
Gold futures stretch win streak to five sessions

Why is everyone freaking out about ‘CoCos’?
Convertible bonds are alluring as stocks fall
 
Deutsche Bank co-CEO says bank is ‘rock solid’
Deutsche may buy back billions in debt: FT
Why the selloff in European banks is ominous

This stock market has been Europe’s best in 2016

Market strategists are coming to believe the main things stocks need right now is an investor purge.
Strategists are arguing that stocks need a true purge

These charts detail S&P 500’s precarious posture
Michael Brush: Stock-market stars are aligned
Double-digit market decline in an election year?

White House forecasts decade-best economic growth
Obama proposes $4.1 trillion federal budget

Americans quitting their jobs hit a nine-year high
NFIB survey hints wage gains are fleeting
Job openings are second highest on record

Five questions that Janet Yellen must answer
Yellen may say goal is not to slow the economy
Fed: Too white, too male, too many bankers?
Expansion won’t die of old age: S.F. Fed study

Facebook, Amazon are the keys to tapping this market
French regulator threatens to fine Facebook
India bans Facebook’s free Internet service


Europe’s battles: migrants, ‘Brexit’ and ECB
German output, exports drop in December
Roubini: Welcome to the New Abnormal


Hurdle on Yelp’s path toward $1 billion in revenue

This has been the No. 1 car in America for decades
How far can you get on $50 in gas?


/conga/frontpage.html 367475

Markets »

88.10MDow Volume:
Avg Vol: 129.39M
Unchanged
147
Decliners
3805
Advancers
2507
Price Chg %Chg 1 Day
Range: 1 Day
  • 1 Day
  • 5 Days
  • 1 Month
  • 3 Months
  • 6 Months
  • 1 Year
  • 2 Years
Dow
/quotes/zigman/627449/realtime 16,074 +47 0.29%
Nasdaq
/quotes/zigman/12633936/realtime 4,299 +15 0.35%
S&P 500
/quotes/zigman/3870025/realtime 1,861 +8 0.41%
GlobalDow
/quotes/zigman/629063/realtime 2,087 -16 0.78%
Gold
/quotes/zigman/33772884/delayed 1,189 -9 0.75%
Oil
/quotes/zigman/2260836/delayed 28.45 -1.24 4.18%
FTSE 100
/quotes/zigman/3173262/delayed 5,632 -57 1.00%
DAX
/quotes/zigman/2380246/delayed 8,879 -100 1.11%
CAC 40
/quotes/zigman/3173214/delayed 3,998 -69 1.69%
FTSE MIB
/quotes/zigman/1482176/delayed 15,913 -528 3.21%
IBEX 35
/quotes/zigman/2759620/delayed 7,928 -195 2.39%
Stoxx 600
/quotes/zigman/2380150/delayed 309 -5 1.58%
Asia Dow
/quotes/zigman/6959860/realtime 2,471 -44 1.76%
Nikkei 225
/quotes/zigman/5986735/delayed 16,085 -919 5.40%
Hang Seng
/quotes/zigman/2622475/delayed 19,288 +105 0.55%
Shanghai
/quotes/zigman/1859015/delayed 2,763 -18 0.63%
Sensex
/quotes/zigman/1652085/delayed 24,021 -266 1.10%
Singapore
/quotes/zigman/1709939/delayed 2,623 +65 2.53%
Euro
/quotes/zigman/16008136/realtime/sampled 1.13 +0.01 0.81%
Yen
/quotes/zigman/16008150/realtime/sampled 115.13 -0.72 0.62%
Pound
/quotes/zigman/16008140/realtime/sampled 1.45 +0.00 0.14%
Australia$
/quotes/zigman/16008115/realtime/sampled 0.71 0.00 0.41%
DXY Index
/quotes/zigman/1652083/delayed 96.10 -0.58 0.60%
WSJ $ Idx
/quotes/zigman/41508961/realtime 89.35 -0.28 0.31%
U.S. 10yr
/quotes/zigman/15866666/realtime 1.73 -0.02 0.98%
German 10y
/quotes/zigman/15866409/realtime 0.24 +0.02 8.00%
Italy 10yr
/quotes/zigman/15866497/realtime 1.69 -0.01 0.78%
Spain 10yr
/quotes/zigman/15866444/realtime 1.78 +0.03 1.43%
U.K. 10yr
/quotes/zigman/15866328/realtime 1.41 0.00 0.07%
Japan 10yr
/quotes/zigman/15866525/realtime -0.02 -0.06 163.32%
Crude Oil
/quotes/zigman/2260836/delayed 28 -1 4.18%
Gold
/quotes/zigman/33772884/delayed 1,189 -9 0.75%
Corn
/quotes/zigman/25518691/delayed 361 -1 0.28%
DJIA F
/quotes/zigman/48241424/delayed 16,028 +40 0.25%
S&P F
/quotes/zigman/43106711/delayed 1,859 +7 0.35%
Silver
/quotes/zigman/32655632/delayed 15 0 1.21%

Quotes

Symbol Price Change % Change
FB /quotes/zigman/9962609/composite 100.34 0.59 0.59%
AAPL /quotes/zigman/68270/composite 95.35 0.34 0.36%
GOOG /quotes/zigman/59527964/composite 683.24 0.50 0.07%
BAC /quotes/zigman/190927/composite 12.21 -0.06 -0.49%
C /quotes/zigman/5065548/composite 37.53 -0.28 -0.74%
F /quotes/zigman/264304/composite 11.41 -0.18 -1.55%
T /quotes/zigman/398198/composite 36.81 -0.31 -0.82%
BP /quotes/zigman/247026/composite 29.06 -0.86 -2.88%
GE /quotes/zigman/227468/composite 28.47 0.30 1.06%
Visit the quote page and your most recently viewed stocks will automatically be displayed here.
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Rates »

5 yr CD
1.3%
2 yr CD
0.7%
1 yr CD
0.5%
MMA $10K+
0.2%
MMA $50K+
0.4%

National averages from Bankrate.com

You Don’t Need Another Credit Card, You Need A Better One.
Avg. APR Last Week 6 Months
Low Interest 11.96% 11.88% 11.62%
Business 13.12% 13.11% 12.85%
Student 13.42% 13.42% 13.14%
Balance Transfer 14.35% 14.30% 14.12%
Airline 15.17% 15.16% 15.10%
Cash Back 15.26% 15.23% 15.27%
Reward 15.28% 15.25% 15.14%
Instant Approval 18.21% 18.18% 18.00%
Bad Credit 22.88% 22.88% 22.73%
Source:CreditCards.com

SPONSORED SECTIONS

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  • /quotes/zigman/98285/composite ZIOP+9.33%
  • /quotes/zigman/207002/composite DB-0.55%
  • /quotes/zigman/41663/composite GLD-0.09%
X
Powered by StockTwits
Link to MarketWatch's Slice.

As of July 2, 2013, the SmartMoney content you loved now lives on MarketWatch.

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