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Economic News

Survey: 60 percent oppose walking away from mortgage

Though it can ruin one's credit, walking away from a mortgage is an option families sometimes resort to when they can no longer afford to make their payments.

NAHB: Home industry tied to nation's economic recovery

More people moving means more homes are being built. And no matter what time of year those properties are being constructed, they have a direct impact on the state of the economy - a fact homebuilders want to make loud and clear.

Survey finds 22 percent of homeowners behind on their mortgages

Homeownership is not always an easy thing to maintain, as a new Harris poll is making abundantly clear.

Unemployment rate drops to two-year low as employers add 216,000 jobs to payrolls

It was a good month for jobs in the month of March, so good that the unemployment rate dipped to a level it hasn't seen in two years.

Standard & Poor's: Housing recession not yet over

Just when the housing market looked like it may have been moving forward, a new survey finds it may still be in retreat.

More consumers paying off their credit card before mortgage

A new study is shining light on where consumers are placing their priorities when it comes to paying off their bills.

Home prices per square foot drop in January

A new study is further underlining just how slow the moving and housing market has been with the year now well underway.

Home prices fell 0.3 percent at the end of 2010

If it wasn't already apparent, the latest report from the Federal Housing Finance Agency is making it abundantly clear that 2010 was a down year for house prices.

Federal Housing Finance Agency extends HARP through 2012

People whose homes have lost value after moving can still refinance their loans if they're at risk of foreclosure.

Homebuilder confidence finally on the rise

The improved economy and unemployment rate may be what's leading homebuilders to be optimistic about how busy they'll be in March.