Monthly Archives: March 2013

Housing prices are up. What does that mean?

There is a great article today from Reuters, titled “Home prices rise in January, best yearly increase since 2006: S&P“. I find it interesting that people cry because the price of housing is going up, but do not understand what … Continue reading

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Fannie, Freddie to form new company

Margaret Chadbourn, Reuters WASHINGTON — Fannie Mae and Freddie Mac will build a new joint company for securitizing home loans as a stepping stone toward shrinking the government’s role in the mortgage market, the regulator of the U.S. government-controlled firms … Continue reading

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More than 25 percent of Americans raiding 401(k)s to pay bills

March 17, 2013 12:00 am Shan Li Los Angeles Times More than 25 percent of Americans are dipping into 401(k) retirement accounts to pay bills, according to a recent report. U.S. workers are tapping into nearly a quarter of the … Continue reading

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Low down-payments are back as lenders ease rules

Diana Olick , CNBC.com As housing heads into the critical spring market, credit is finally beginning to thaw. Lenders are increasingly approving low down payment loans, and government sponsored mortgage giant Fannie Mae is buying more of them.

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Housing Jobs Jump, but Many Workers Aren’t Coming Back

After lagging housing starts for several months, construction jobs surged inFebruary to the highest level in six years. Builders are clearly acting on the big jump in new home orders, but those jobs numbers could actually be higher, were they … Continue reading

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