U.S. home prices dropped in September from a month earlier and the rate of decline showed signs of accelerating, according to the S&P Case-Shiller home-price indexes. Third-quarter prices were also down. Separately, U.S. consumers brightened their moods in November–a good omen for holiday shopping, according to a report released recently. The indexes, based on the […]
Foreclosure Rate is Falling
As the nation’s largest banks put a freeze on foreclosures this fall, fewer homeowners are losing their homes. The monthly foreclosure market report showed foreclosure filings declined 4 percent in October, compared to September. The volume of filings stayed about the same when compared to the same time last year. More than 332,000 homes nationwide […]
Fed’s Cash Injection Likely to Keep Mortgage Rates Favorable
Along with the election results, the big news recently was the Federal Reserve’s announcement that it will attempt to jumpstart the economy by purchasing another $600 billion in long-term Treasury bonds through mid-2011. While this announcement was not unexpected, it has been widely debated whether the plan will actually bandage the economy and raise employment […]
Beige Book Shows Modest Growth But Weak Real Estate Conditions
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 […]
Economists Say Home Prices Have Already Hit Bottom
Home prices in the United States found their floor during the early part of 2010 and are expected to begin trending upward next year, according to a panel of elite economists surveyed by the National Association for Business Economics (NABE) for its October 2010 Outlook. “The housing recovery is intact, but tepid overall. Home prices […]
Pending Home Sales Rise 4.3% in August
Pending home sales rose 4.3% in August from the month earlier but remain significantly lower than the year ago, and any “sudden rise in mortgage rates could slow the recovery.” The National Association of Realtors said its pending home sales index, which is based on contracts signed, was 82.3 for the month, up from a […]
Home Prices Show Signs of Revival
Home Prices Show Signs of Revival Spring is typically the season when people shop for houses. Many families like to complete their home purchase by the end of the summer so as to not uproot their children during the school year. And let’s face it: houses just look more enticing when flowers are out. But […]
Home Prices Show Signs of Revival
Home Prices Show Signs of Revival Spring is typically the season when people shop for houses. Many families like to complete their home purchase by the end of the summer so as to not uproot their children during the school year. And let’s face it: houses just look more enticing when flowers are out. But […]
Stressed Out by Debt?
Stressed Out by Debt? Debt dogs many Americans, stressing them out even as they firm up their own financial foundations. There are new jobs produced but old worries persisting for people despite belt-tightening and boosted savings, according to an Associated Press-GfK poll. About 46% of those surveyed say they’re suffering from debt-related stress, and half […]
Homeowners Spending More on Home Improvements
Homeowners Spending More on Home Improvements Home improvement projects are starting to make a comeback after frugal consumers pulled the plug on remodeling and renovation work during the downturn. With the economy showing signs of stabilizing and retailers and contractors continuing to offer good deals, homeowners are sprucing up their homes’ appearance and value by […]
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