2012 Housing Market Prediction by CoreLogic

Two prominent home-price indices continued to show declines in September and October, with one outlook indicating no more than flat growth in the next two years. A home-price index report from loan data aggregator Lender Processing Services showed the national average sales price for single-family homes fell 4.4 percent year over year and 1.2 percent …

Continue reading ‘2012 Housing Market Prediction by CoreLogic’ »

Existing-Home Sales Rise Unexpectedly in October

Sales of previously owned homes got an unexpected boost last month while the number of homes on the market continued to decline, according to data released Monday by the National Association of Realtors (NAR). The trade group recorded a 1.4 percent month-over-month increase in existing-home sales in October, pushing the annual rate of sales to …

Continue reading ‘Existing-Home Sales Rise Unexpectedly in October’ »

Best cities to invest in rental homes

In Las Vegas, investors willing to take a gamble could win big CHICAGO (MarketWatch) — The housing market in Las Vegas may continue to struggle, but for investors, the city is the best place to buy a home and rent it out, a new report revealed on Monday. HomeVestors of America and Local Market Monitor …

Continue reading ‘Best cities to invest in rental homes’ »

Unemployment Rate Slips to 9.1%

After heading higher for three straight months, the nation’s unemployment rate declined to 9.1 percent in July, down from 9.2 percent in June, according to figures released Friday by the U.S. Department of Labor. The economy added 117,000 jobs last month. July’s numbers beat analysts’ forecasts. They were expecting the employers to add between 85,000 …

Continue reading ‘Unemployment Rate Slips to 9.1%’ »