The national unemployment rate fell to 8.9 percent in February, as employers added 192,000 jobs to their payrolls, according to figures released Friday by the U.S. Department of Labor. The rate is down from 9.0 percent in January and 9.4 percent as recently as December. The Labor Department described the latest numbers as “little changed,” …
Continue reading ‘Nation’s Unemployment Rate Drops Below 9%’ »
Rising mortgage rates helped push first-time homebuyers to buy properties in November, while investors lost some of their enthusiasm for distressed properties. These are two of the major findings of the latest HousingPulse Tracking Survey released by the market research firm Campbell Surveys Monday. The company found that first-time buyers’ share of home purchases jumped …
Continue reading ‘Rising Rates & First-Time Homebuyers Drive November’s Market’ »
The Wall Street Journal posted the following article by WSJ’s reporter Nick Timiraos concerning the Home Affordable Foreclosure Alternatives short sale program: In April, the Obama administration formally rolled out a new program, called Home Affordable Foreclosure Alternatives, that was designed to spur more short sales, where banks allow homeowners to sell their homes for …
Continue reading ‘What Happened to the Government’s Short Sales Program?’ »