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Economic News

Educated cities have lower unemployment

From 2005 to 2009, education requirements for an average U.S. worker have continuously increased, outpacing the growth of educated labor, a new Brookings Institution report found.

HUD announces jobs, brownfield plan

In six cities across the country, moving trucks may be a more common sight, as the U.S. Department of Housing and Urban Development recently announced a $13.3 million project to create jobs and stimulate further growth.

CareerBuilder announces companies hiring most

Despite a job shortage due to the stagnant economy, some large companies are hiring in big numbers, CareerBuilder recently announced.

Freddie Mac and Bankrate reports show slight uptick in 30-year mortgage rates

The latest weekly mortgage rate report from Freddie Mac showed 30-year fixed rate mortgages inched upward from a week earlier to 4.55 percent, from 4.52 percent.

Unemployment claims decrease by 24,000

Improvements in the U.S. economy may be the positive news some families need to encourage them to get their moving plans underway and start looking for a new home.

Foreclosure activity falls in 178 largest metro areas

The U.S. housing market has made some significant gains since last year, especially when it comes to foreclosure activity, according to RealtyTrac's Midyear 2011 Metropolitan Foreclosure Market Report.

New CoreLogic report points to positives for the housing market

A July report on housing and market trends from CoreLogic may provide Americans with some optimism about the country's economic future.

New home sales fall in June

Purchases for new single-family homes fell in June for the second consecutive month, which suggests the housing market is still a ways away from recovery.

Rep. Frank says hope exists for maintaining current loan limits

Legislators on Capitol Hill are holding out hope that the Obama administration will keep the higher loan limits for Fannie Mae and Freddie Mac, which would provide more assistance to consumers looking to purchase a new home.

Freddie Mac survey shows steady mortgage rates

The latest Freddie Mac Primary Mortgage Market Survey released on July 21 showed consistent mortgage rates with a week earlier.