"Foreclosures Trap Interpreters in Middle" - Wall Street Journal article notes one in five U.S. residents speak a language other than English at home. A translation company's revenue rose 15% last year and business from financial institutions is up 25%, with more growth projected in 2009. http://tinyurl.com/cyje9a
"One Nonprofit's Solution to Housing Foreclosures" - Wall Street Journal article reports HANDS, a non-profit housing group based in New Jersey, recently paid about $2.3 million for 47 mortgages. Organization plans to acquire title to homes through foreclosure or negotiations with current owners and rehabilitate and sell the homes to people with low or moderate income. http://tinyurl.com/cxao6d
"Claiming this year's first-time home buyer's tax credit is easy" - USA Today columnist provides guidance to those eligible for the first-time home buyer's credit. Graph in article indicates first-time home buyers accounted for half of all sales in February nationwide. http://tinyurl.com/ctky3t
"January home prices drop more than expected" - in USA Today last week. Graph online shows Detroit prices dropping 4.2% between December and January. January prices compared to last year were down 22.6%. http://tinyurl.com/c9x5zz
"In the Boonies, the American Dream is Up for Rent" - Wall Street Journal article notes negative feelings within exurb communities about rentals have shifted with foreclosures turning occupied homes into vacancies that are worse for the local economy. http://tinyurl.com/c7xov7
and locally...
Drew Sharp, USA Today columnist comments, published last Friday, on impact of Michigan State's final four trip to the city of Detroit / state of Michigan http://tinyurl.com/c2cgfo
Mike Lopresti, USA Today columnist comments, posted on Sunday, on the impact of Michigan State's win on Saturday to the city of Detroit / state of Michigan. http://tinyurl.com/dnar62
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