This weeks wrapup is all over the place. Everything from a remark from Ben Bernanke about the recession being over, to increases in foreclosures. It’s really hard to understand anything that is happening in the market.

Percentage of reduced listing prices declines in August
The percentage of homeowners who reduced their listing prices declined 2.01 percent in August, compared with July, according to the most-recent housing analysis by ZipRealty, which examines home listings in 27 major markets.
Read more: Ziprealty

Foreclosure filings decrease less than 1 percent in August
Foreclosure filings, including notices of default, scheduled auctions, and bank repossessions were reported on 358,471 U.S. properties in August, a decrease of less than 1 percent from July, and an increase of nearly 18 percent from August 2008.
Read More: Realtytrac

Mortgage problems are walloping Americans’ credit scores
Homeowners who find themselves struggling with mortgage payments and unsure how to handle the situation—short sale, foreclosure, or walk away—are advised to consider the impact of each on their credit scores.
Read More: LaTimes

Recession may forge a housing shift in California
It appears that the recession has not only changed Californians’ attitudes toward debt and spending, but also how they view real estate—where homes are located, the size of homes, and the type of appliances with which the homes are equipped.
Read More: LaTimes

Expiring tax credit drives up home sales
First-time home buyers are scrambling to qualify for a federal tax credit that expires Nov. 30 and has been driving up sales activity after the worst downturn in decades.
Read More: Wall Street Journal

Fed chief says recession is “very likely over”
The Federal Reserve chairman Ben S. Bernanke said Tuesday that it was “very likely” that the recession had ended although he cautioned that it would be many months before unemployment rates would drop significantly.
Read More: NYTimes

FDIC pushes mortgage help for jobless: Source: Money.CNN

Homeowners outraged over cancellation of their home equity lines: Source: MercuryNews