The Federal Reserve’s popular Beige Book report released this week suggests economic activity across most of the nation is showing signs of “modest” growth, but it’s not enough to improve the country’s anemic jobs picture with the unemployment rate holding at or above 9.5 percent for more than a year. Beige Book findings are based […]
Ways to Come Up With Down-Payment Money
Although cheaper prices and record-low mortgage rates have made homebuying increasingly attractive, tight lending standards continue to keep consumers on the sidelines. And while a beefed-up FICO score and documentation requirements may have slowed the process, it’s the pile of cash needed to secure financing that prevents many would-be buyers from becoming homeowners. Here are […]
The Mother of all Foreclosure Mistakes
You’ve seen the news regarding mistakes made in foreclosures… now meet a victim of the mother of all mistakes. Know anyone affected by the foreclosure mess like this? We’d love to hear about it (without any names, of course!). Just click the link below and sound off.
Foreclosure Freeze – What It Means, Why It Matters
Misconduct by banks and their lawyers have led to a freeze on foreclosure proceedings. Here’s what it means, and why it really matters… Know anyone who may be affected by the foreclosure freeze? Click the comment link below and tell us about it. We’d love to hear from you. Your email address will never appear […]
Homebuyer Tax Credit Boosted Home Prices
A new report from FNC says that without the first-time homebuyer tax credit programs that expired earlier this year, home prices nationwide would be significantly lower than they currently are. According to the company’s Residential Price Index, national home prices showed an “abnormal” increase of 10.1 percent during the time the credit was active, and […]
Home Builder Confidence Up In October
According to the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for October, builder confidence in the market for newly built, single-family homes rose three points to 16. This was the first improvement registered by the HMI in five months, and returns the index to a level last seen in June of this […]
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