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 $293 billion placed into their retirement savings each year to pay for mortgages, credit cards and other debts, according to a report from financial advisory firm Continue reading
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. Continue reading
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 not hamstrung by a severe lack of workers. During the housing crash
construction workers left the business in droves, and many are not coming back.
By Les Christie @CNNMoneyFebruary 28, 2013: 12:45 AM ET
There were nearly three times as many short sales as there were sales of foreclosed homes in 2012, according to RealtyTrac. Foreclosures accounted for 11% of all sales, down from 13% a year before. Meanwhile, short sales rose 5% year-over-year, accounting for 32% of all home deals.
“We’re seeing fewer of the most disruptive sales, the [bank-owned foreclosures], hitting the market but there are still a lot of distressed property sales,”Â said Daren Blomquist, spokesman for RealtyTrac. “They’re shifting to short sales, though.”