Want to start off the New Year with some good news? (We thought so.) If your New Year’s resolution centers around buying a home, there are THREE big things going on that you should know about. The home buying stars have aligned, and they’re telling you to take advantage. Low interest rates, low home prices and low down payments on FHA loans are behind it!
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Markets were expecting the housing market to continue struggling in the fourth quarter, but the November's decline in pending home sales was much worse than anticipated. Pending home sales, which predict actual home sales in the upcoming month, fell…(read more)
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An index looking at pending home sales in the U.S. picked up its pace of decline in November, the National Association of Realtors reported on Tuesday. U.S. pending home sales fell more than expected with a 4.0% decline in November. The index now stands…(read more)
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U.S. interbank lending rates were once again relatively unchanged from Monday's levels, but the Ted Spread narrowed after the U.S. government announced plans to inject capital into the nation's larger regional banks on Monday. The Treasury said…(read more)
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The U.S. housing market continues to struggle as prices fall, demand weakens, and inventories build up. An industry index set for release on Tuesday is expected to show that contracts for homes on the market continued to fall in November, suggesting that…(read more)
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Undaunted by the holiday season, consumers continued to apply for mortgages in record numbers last week, according to the latest Weekly Mortgage Applications Survey, released today by The Mortgage Bankers Association (MBA).
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Some months ago we speculated that the sector of the economy to fall out of the sky would be retail real estate as the proliferation of shopping malls and small strip centers ran headlong into what at that time appeared to be a looming wave of retail…(read more)
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Construction spending in the United States continued to decline in November, falling by 0.6% month-over-month, according to the U.S. Department of Commerce. The consensus had forecast construction spending in November to decline by 1.4%. The total construction…(read more)
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As promised, the New York Fed plans to begin buying U.S. mortgage and student debt effective immediately, in a move geared at thawing frozen credit markets in the country and restore confidence of the economy. "This program, first announced on November…(read more)
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Thousands of businesses are shutting down shop and laying off employees. Here’s how to protect yourself.
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