Another Drop in Home Prices in 2011

Home prices in 2011 fell by 4.7 percent, according to CoreLogic–for the fifth straight year.  However, that decrease is due in large part to distressed sales, since once CoreLogic excluded short sales and REOs, prices declined only by 0.9 percent. Year-end data from CoreLogic shows home prices fell by 4.7 percent over 2011. It marks …

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Slowing Improvement in Mortgage Delinquencies

TransUnion has released its findings and analysis on mortgage delinquency for the fourth quarter of 2010, which found that the national mortgage loan delinquency rate dropped to 6.41 percent. This statistic, which is traditionally seen as a precursor to foreclosure, reflects a decrease of 0.47 percent from the company’s third quarter reading of 6.44 percent. …

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Deficit plan wins backers

In February, the White House created the National Commission on Fiscal Responsibility and Reform to examine how the country spends money and collects taxes.  The commission also was tasked with creating a proposal that would cut the federal budget deficit. MAKING SENSE OF THE STORY The deficit commission’s proposal was released to the public this …

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Community Associations Hit Hard by Housing, Economic Slump

More than half of the estimated 310,000 homeowner and condominium associations in the United States are struggling with financial issues stemming from the nation’s mortgage foreclosure crisis and related economic downturn, according to the Community Associations Institute (CAI). The organization released the results of its national survey this week and found that 45 percent of …

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