Blog
Hiring Boost In Construction Industry Helping Economy
"The construction job recovery has clearly arrived," said Jed Kolko, chief economist at Trulia, a real estate data analysis firm. Economists had known for several months of 2012 that the market was turning around, due to home-builders breaking ground on 780,000 new...
Fixed-Rate Mortgages Continue To Advance
Thirty-year, fixed-rate mortgages reached 3.35%, jumping .11% from last week. Additionally, fifteen-year fixed-rate mortgages increased to 2.8% from the previous week, ending January with a .10% elevation. Frank Nothaft, Freddie Mac's vice president and chief...
Housing Starts And Completions Flourish
The housing market maintains a promising future as monthly, and annual growth continues. Housing starts in 2012 were 28.1% higher than housing starts in 2011. Analysts found that as 2012 came to an end, housing starts gained strength. The majority of housing starts...
Foreclosure Crisis May Be At An End
The foreclosure crisis has come to an end according to Daren Blomquist, vice president of RealtyTrac and speaker at the 2013 REOCON Summit and Expo held in Dallas, Texas. Blomquist commented on REO starts and completions saying that approximately 10 million REO starts...
Expected Boost In Previously Owned Home Sales in 2013
Last month's pending home sales fell 4.3% to 101.7, and holds the potential to repeat the same results again this month. Still, economists expect the housing market to gain momentum once more, sustaining growth and stimulating the economy's progress throughout...
Job Market Gains Momentum
According to the 2013 Alumni Perspectives Survey from the Graduate Management Admission Council, 92% of 2012 business and management graduates became employed soon after graduation, a number that has increased 6% from the previous year. Jonathan Masland, co-director...
Housing Market Helps Build Stable Economy
The U.S housing market is helping to build a more stable economy according to Fannie Mae. Chief Economist Doug Duncan at Fannie Mae said, "as fiscal policy debates subside later in the spring, we expect to see some upward trend in economic activity, with growth...
Home Prices Increase 0.6%
United States home prices increased from November 2011 to November 2012 by 5.6 % according to the Federal Housing Finance Agency. Home prices have continued to grow 0.6% since October 2012 feeding the economy. Patrick Newport, an economist at IHS Global...
Markets Closed Last Week On A Positive Note
The housing market ended last week on a positive note according to Zacks, a leading investment research firm. Housing starts reached their highest point since June 2008, according to the U.S. Census Bureau and the Department of Housing and Urban Development. The U.S...
Estimated 1.8 Million Americans Will Have Equity In the Next Year
CoreLogic, an analytics firm, stated that 1.3 million loan borrowers reached a positive state by mid 2012 while 100,000 borrowers had more positive equity territory by the end of 2012. Mark Fleming, chief economist for CoreLogic said, "The number of underwater...