With nearly 470,000 nationwide currently in forbearance plans, strong employment numbers are helping homeowners regain their financial footing despite lingering inflationary concerns.
Read More »Mortgage Delinquency Rate Falls to 20-Year Low
Improvements in the employment sector, combined with a rise in home prices, drove delinquency and foreclosure rates to levels last seen more than two decades ago.
Read More »National Mortgage Delinquency Rate Drops
Improvements in both economic conditions and the increased rollout of vaccinations have contributed to the dwindling rate of mortgage delinquencies.
Read More »Unemployment Rate Skyrockets to 14.7%
The U.S. economy lost 20.5 million jobs in April and the unemployment skyrocketed to 14.7%, according to the U.S. Bureau of Labor Statistics (BLS). The unemployment rate rose from the prior month’s 4.4%, with CNN reporting this being the most-sudden ...
Read More »The Most Prosperous City in America Is …
Picking the most prosperous city in America is a weighty task. What factors should be considered, and how should each be weighted against the others? However you arrange the calculations, there’s a good chance you wouldn’t have settled on Odessa, ...
Read More »Streak Going Strong: Unemployment Claims Fall
Unemployment dropped by 4,000 claims last week, though claims were still up slightly compared to a month prior, according to U.S. Department of Labor.
Read More »Economist: Job Gains Solid, But Muted Wage Gains Hindering Housing
The U.S. unemployment rate dropped down to 5.5 percent in February, its lowest figure since May 2008, as 295,000 jobs were added, according to the February 2015 Employment Situation released by the Bureau of Labor Statistics on Friday.
Read More »Analyst Says Nation’s 5.6 Percent Unemployment Rate is Misleading
While the Obama Administration is touting monthly job gains consistently averaging more than 200,000 and a labor market that they say is at its healthiest level since the turn of the century, at least one analyst says that the recently reported national unemployment rate of 5.6 percent may not be telling the complete story.
Read More »January’s Payroll Additions Beat Forecasts; Unemployment Rate Inches Upward
The unemployment rate, which is measured from a separate household survey, ticked up slightly to 5.7 percent from December's 5.6 percent, reflecting an increase in the number of Americans looking for work. After accounting for annual adjustments to population controls, BLS said the civilian labor force rose by 703,000 in January, bringing the labor force participation rate back up to a still-low 62.9 percent.
Read More »Unemployment Rate Falls, Payrolls Increase in Most Metro Areas
Continued labor market improvements may bode well for the housing market for the coming year, since housing relies on steady nationwide employment to flourish, according to some economists' predictions. The national unemployment rate continues to drop – December's rate of 5.4 percent is a decline of 1.1 percentage points from the same month a year earlier.
Read More »