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Economic News

Tips to increase a home's worth on the market

Although the housing market continues to favor buyers over sellers, individuals looking to sell their homes may still be able to get a good value for their home by taking a few steps before putting it on the market.

Household debt to blame for struggling economy

A recent CNNMoney article explained that the struggling economy can be attributed in part to the large mount of household debt that still exists.

High gas prices no longer a major concern for consumers

According to a recent report conducted by Kelley Blue Book, the high price of gas is becoming less important to consumers.

Mortgage rates continue downward slide, fall for seventh consecutive week

Freddie Mac's most recent Primary Mortgage Market Survey revealed a continued trend that could help boost real estate markets in many areas.

Personal income, expenditures on the rise in April

According to the most recent information released by the U.S. Department of Commerce, personal and disposable income, as well as personal expenditures all increased during April.

Freddie Mac: Single-family home delinquencies down

Freddie Mac recently released data regarding mortgage delinquencies in April that found improvement in the country's financial situation.

Consumers with only mortgage delinquencies better credit risk than others

A recent TransUnion report discovered that, while many consumers defaulted on their mortgages following the recession, those who are only late on their home loans are better credit risks than those with multiple delinquencies.

Mortgage delinquencies down during Q1 2011

According to the most recent data released by the Mortgage Bankers Association, delinquencies for mortgages declined during the year's first quarter.

California unemployment rate declines as nearly 9,000 jobs are added

A recent blog in the Los Angeles Times relayed that California's unemployment fell during April, as a significant number of jobs were added.

Mortgage rates moving downward for fifth straight week

According to Freddie Mac's most recent data, mortgages rates were on the decline for the fifth straight week, declining for both 30-year and 15-year home loans.