Housing

Morning Must Reads: Home Sales Data

The Philadelphia Inquirer reports this morning on the release of new data on home sales by the National Association of Realtors which shows the association has been overstating home sales since 2007.

Third and State This Week: No Marcellus Shale Fee in 2011, Extended Unemployment at Risk and PA gets a D

This week, we blogged about a new report on economic development subsidies in Pennsylvania, the economic harm that ending extended unemployment insurance for 281,000 jobless Pennsylvanians will have, and the latest on the debate over enacting a Marcellus Shale drilling fee.

IN CASE YOU MISSED IT

  • On economic development, Chris Lilienthal shared the results of a national study by Good Jobs First that ranked the 50 states' economic development subsidy programs based on job creation requirements and wage standards for workers at subsidized companies. Pennsylvania came in 40th.  
  • On the Marcellus Shale, Michael Wood blogged about 2011 ending as the last two years have — without a Marcellus Shale drilling tax or fee for Pennsylvania.
  • On unemployment, Sean Brandon laid out the facts supporting the extension of emergency federal unemployment insurance. With the average duration of joblessness among Americans at an all-time high, now is not the time for Congress to turn its backs on the unemployed. 
  • In the Morning Must Reads, Mark Price highlighted news stories discussing the safety issues of Marcellus drilling and the foreclosure crisis in the midstate

More blog posts next week. Keep us bookmarked and join the conversation!

Morning Must Reads: A Foreclosure Crisis In Homes Near You

The Harrisburg Patriot News ran a story on Sunday carefully detailing the extent of the foreclosure crisis here in the midstate; it is well worth a read.

Nationally, about 8 percent of homeowners are delinquent, not counting people already in foreclosure.

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