Real Estate Bubble in Providence

How foreclosures have swept the Valley (The Arizona Republic)
Over 40,000 have lost homes in the last 18 months.

Foreclosures targeted by stimulus funds (Daily Herald)
Money to acquire foreclosed homes in Lake County could begin to flow soon.

Cycles of Doom (New York Times)
How government managers encouraged inflation in the 1960s and ?70s and led the American economy into recession.

Our retail therapy is in China, India and Germany (Financial Times)
For much of the past three years, as it became evident that the US housing bubble was bursting, I believed that the old adage "the US catches a cold, the world catches pneumonia" would be laid to rest, helped by the emergence of the so-called Brics - Brazil, Russia, India, China.

Fear the righteousness of fundamentalists (Otago Daily Times)
The housing bubble has burst, we are heading into hard times and it is important to have hope and a vision for the future - but that vision should not include the "tough love" view of economic management promoted by Sir Roger Douglas, writes Peter Lyons.

Minnetonka not immune to home foreclosures (Minnetonka Sun-Sailor)
For two years the number of home foreclosures has steadily increased in the city of Minnetonka, but in 2008 the number has exploded. The housing and financial crisis has not hit Minnetonka as hard as some other Minnesota cities, but neither is the community immune to the problem.

Suit: CBRE Realty Finance Defrauded Shareholders In IPO (Banker & Tradesman)
By Paul McMorrow The bursting housing bubble and credit crisis have not been kind to CBRE Realty Finance. The Hartford, Conn.-based firm was recently de-listed from the New York Stock Exchange, and is ending its relationship with CB Richard Ellis.

UPDATE: BOE Besley: Rates Not Way To Tackle Asset Bubbles (Nasdaq)
LONDON -(Dow Jones)- The role of the bursting housing bubble in the financial crisis doesn't undermine the case for inflation targeting, Bank of England Monetary Policy Committee's Tim Besley has said.

Reform, housing bubble's burst delivers double shock (The Post and Courier)
Talk about kicking them when they're down. Tens of thousands of people bought properties in Berkeley, Charleston, and Dorchester counties in 2007, only to see the value of many of those properties decline as the housing bubble burst. Then, those same people saw their property tax bills soar this year because of changes to the tax system voters approved in a 2006 constitutional referendum.

Foreclosures Revive Home-sharing (NPR)
With the rise in foreclosures, many people are going back to an old-fashioned way to save on housing: sharing. One newly married couple decided to try the measure after one spouse was laid off. Vermont Public Radio's Nina Keck reports.

Collier County gets personal with banks to clean up untidy foreclosures (Naples Daily News)
As a record number of foreclosures hits Collier County month after month, the county is quietly making headway on at least one problem: persuading banks to mow the lawns of vacant homes — and even clean the pools. Officials said a code-enforcement program started Nov. 6 has already saved the county thousands of dollars when it comes to sprucing up foreclosed properties.