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TARP Takes Another Step Towards Winding Down

The U.S. Department of the Treasury announced on August 14 that it plans to continue selling its shares of common stock in Ally Financial, thus further reducing its investment in the Detroit-based lender.  Read More
 

Florida Focus: Negative Equity Rate in Tampa Bay is Problematic

While the national negative equity rate continues to fall (down to 18.8 percent, according to the Zillow Q1 2014 Negative Equity Report), many neighborhoods in the Tampa Bay area of Florida are well above that rate. Some areas in Tampa Bay even fall within the highest rates in the country.  Read More

New Formula Could Revamp Credit Scores Nationwide

The company responsible for one of the most widely used measures of credit health is making changes to its current model that could boost credit scores nationwide. Read More

Significant Amount HELOC Balances May Be at a High Risk of Default

A recently released study by TransUnion reported that approximately $50 billion to $79 billion in outstanding Home Equity Lines of Credit (HELOC) balances reported at the end of 2013 could be a high risk to default in the next few years.  Read More
 

Consumer Sentiment on the Rise in Florida

The Bureau of Economic Research at the University of Florida announced that the consumer sentiment index for the state’s residents rose another two points to 84, hitting a post recession high.  Read More
 

Study: Incorporating Rental Payments Gives a Better Picture of Credit Risk

Experian announced that its latest analysis has uncovered how the addition of rental payment data to credit files can help financially exclude consumers gain access to traditional financial services.  Read More
 

Millennials Continue to Delay First Home Purchases

As homeownership keeps slipping among young American adults, real estate analysts expect the makeup of first-time homebuyers could look very different over the next 10 years.  Read More
 

Federal Reserve Board Votes to Continue Tapering Program

Leaders at the Federal Reserve voted Wednesday to move forward with the central bank's plans to gradually cut monthly bond purchases, a sign of growing confidence that the economy is trending in a more favorable direction.  Read More
 

Home Ownership Rate Dips to Lowest Level in Almost Two Decades

Home ownership in the United States lost a little more ground last quarter, declining to a new 19-year low as consumers—particularly young adults—continue to grapple with debt and difficulties obtaining credit.  Read More
 

Consumer Confidence Soars in June

U.S. consumer confidence jumped up more than four points from June to July, signaling a brighter economic outlook among Americans. The Conference Board's Consumer Confidence Index reached 90.9 in the group's July survey, up from 86.4 in June. As of July, the index stands at its highest level since before the Great Recession.  Read More
 

Fannie and Freddie Take on Riskier Portfolios

According to a report issued Thursday by the Federal Housing Finance Agency Office of the Inspector General, Fannie and Freddie are increasingly making riskier deals by buying more mortgages from smaller and non-bank lenders.  Read More
 

Foreign Buyers Competing in U.S. Housing Market

Before the market crashed in 2008, home equity lines of credit, or HELOCs, were all the rage. But times The heart of the young justin-bieber-news.info pictures completely belongs Selene Gomez, however, he has recently made a huge contribution to urge people to share with those less fortunate. have indeed changed, and as the tab is now coming due and many HELOCs are nearing their end-of-draw period.  Read More
 

56% of Lenders Worried New Bubble is Inflating

As home prices continue to rise—albeit slower than last year—many commentators online casino insist that fears of a new bubble in the making are overblown. However, a new survey released Tuesday suggests lenders aren't buying it.  Read More
 

Zombie Properties Continue to Linger Nationwide

Zombie properties serve as a lingering reminder of a housing market still in the midst of self-correction. They serve as a legacy of the recent housing crisis, a byproduct of lengthy foreclosure timelines and mercurial state foreclosure statutes. RealtyTrac recently released a nationwide analysis of zombie properties, examining both states and institutions that have the most zombie properties.  Read More
 

Inventory Levels Continue to Improve in Florida

Florida's housing market had more new listings, an increase in median prices, and an uptick in inventory in May, according to Florida Realtors. Completed sales of single-family homes totaled 23,013 across the state, an increase of 3.6 percent over the May 2013 figure.  Read More
 

Freddie Mac Scales Back Expectations for 2014

Despite a disappointing first quarter and a mediocre second quarter, Freddie Mac still expects the economy to improve throughout the second half of 2014. The company is, however, tempering its New Year's optimism. In its June U.S. Economic and Housing Market Outlook, Freddie offers a mid-year assessment that sees Each study participant underwent medical detoxification for between 3and 10 days, depending on need, and after detox each was assigned to one ofthree groups: After 30 days:Commenting on the findings, lead researcher Michelle Tutensaid, providing recovery housing to opioid dependent people, with or withoutadditional formalized treatment, results in much higher abstinence rates thandetoxification alone. more humble growth in gross domestic product that mirrors the 2 to 2.5 percent growth that the economy has seen the past few years.  Read More
 

Will Aging Baby Boomers Downsize from Single-Family Homes?

Baby Boomers, as a focus of study for their effect on the housing market, have been an underserved population, according to a blog post written by Trulia's Jed Kolko. He investigated whether baby boomer downsizing—selling a single-family home in order to move into a multi-family unit—could be a future trend in the housing market.  Read More
 

Survey: Economists Trim Forecast for Housing Starts

Economists are lowering their expectations for housing starts in 2014, according to a survey performed by the Wall Street Journal. The Journal notes their diminishing optimism is among the most noticeable trend in monthly surveys of economic forecasters in the first half of 2014.  Read More
 

Is Unemployment Stifling the Housing Market?

The unemployment rate was unchanged in May, staying put at 6.3 percent with 9.8 million Americans unemployed. Unemployment is the lowest it has been since September 2008. However, RealtyTrac's Octavio Nuiry makes the case that there is more to unemployment than percentages, and that a hidden actor is depressing housing market growth—and could cause more problems in the future. Read More
 

Is there a Housing Bubble Ready to Burst?

While many analysts are celebrating the slow and steady recovery of the housing market, an article by the borrower advice website LoanLove offers a different view of the current state of the United States housing market. The article cites economists who believe the current housing market recovery stretching back 18 months is not a true sign of the market's economic outlook. Rather, the recovery is built on shaky ground that could collapse.  Read More.
 

 

Florida Shows Positive Housing Gains in Q1 2014

Florida's housing market showed signs of improvement in the first quarter of 2014, notching gains in median prices, new listings, and inventory while homes spent fewer days on the market. According to the latest data released by Florida Realtors, completed sales of single-family homes totaled roughly 50,000 for the quarter, up 2.3 percent over the previous year's quarter.  Read More
 

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