Posts with tag economy

For nearly two years, economists and real estate experts have been on the lookout for the bottom of the housing market. That time is here, says Russell Price, a senior economist with Ameriprise Financial (AMP), a financial services company. Price spoke with DailyFinance to explain why the decline in real estate is just... Continue Reading »

Suni and Ashwin Raghu are under contract on a four-bedroom, 2.5-bath home in Long Hill, N.J.. The expectant parents, who looked at close to 70 homes in the course of their search over the past three months, were a bit surprised to find themselves at this juncture. Six months ago, says Ashwin, they didn't think they were... Continue Reading »

Foreclosures in North Carolina are on pace to set a new record of 70,000-plus filings in 2010, eclipsing last year's record of 63,289. By the end of July there were already more than 40,000 filings, according to data analyzed by the North Carolina Justice Center. Foreclosure activity slowed a tad in 2009, after lenders... Continue Reading »

With the news that first-time jobless claims fell more than expected last week, economists were once again trying to determine whether this will lead to growth in the economy -- and the housing market -- in coming months. The Labor Department reported Thursday that the number of workers filing new claims for unemployment... Continue Reading »

Could a double dip in the housing market be on the way? That's what influential banking analyst Meredith Whitney told CNBC's Squawk Box yesterday. And while the news is not all gloom and doom, Whitney -- one of Wall Street's best-known bears -- sees what she calls some "scary" behaviors by consumers that will continue to... Continue Reading »