Monday, October 31, 2011
by Broderick Perkins
DeadlineNews.Com Copyright © 2011
Deadline Newsroom - DeadlineNews.Com is often ahead of the curve reporting real estate news, including the big stories, because the news site's primary beat is real estate news, "News that really hits home!" to be exact.
CNN reported on Oct. 31 "Home prices heading for triple-dip."
CNN's story was based on "Fiserv, a financial analytics company, reporting home values are expected to fall another 3.6 percent by next June, pushing them to a new low of 35 percent below the peak reached in early 2006 and marking a triple dip in prices."
DeadlineNews.Com reported on Oct. 7, nearly a month earlier, "Triple-dip could pile on housing doom and gloom."
DeadlineNews.Com story was based on "a mashup of three recent housing market reports, (revealing) home ownership has suffered its greatest bust since the Great Depression, 10 million more foreclosures may be headed for the pipeline and a triple-dip in home prices may be just around the corner."
It reported; "Clear Capital forecast a 'small skid in prices for the fourth quarter of 2011, and a continued slide in home prices through the end of the first quarter of 2012...the market is 'flirting with a triple dip,' Clear Capital says."
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Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including the Web site, DeadlineNews.Com, offering real estate news and related editorial consulting services, and the back shop, Deadline Newsroom, a peak behind the curtain, where all the action takes place.
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