Investing

Morning Market Roundup (7/20/2012)

Subject: Cities Where Homes Cost Less Than a Car

For many Americans, homeownership is the epitome of living the American dream. Yet, in towns with high tumbling home prices and double-digit vacancy rates, median-priced homes now cost the equivalent of new American cars — except, as investments go, they are slightly more risky. These are the cities where homes cost less than a car.

As always, here are the top major media headline summaries from WSJ, FT, Bloomberg, and more. Here is the most important financial news affecting the markets today.

A new recession has begun, many experts believe. Here are signs to know when it is over.

In several cities, banks have elected to destroy homes rather than foreclose and sell. The effects are not positive.

Student loan default rates should not be a shock. Students don’t know if they will get jobs that will support payoffs.

Yahoo!’s CEO got a big comp package, which may end up being worth it.

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Have a great day!

JON C. OGG

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