February 17, 2012U.S. consumers pulled out their plastic in greater numbers for purchases in December, according to information from the Federal Reserve Tuesday. Total credit debt increased substantially as well. Revolving credit, such as credit card debt, grew by $2.76 billion in December to $800.98 billion, after rising $5.58 billion in November. Non-revolving credit, driven by student [...]
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January 19, 2012Want to stay informed on the latest real estate listings for Gulf Coast Alabama? Receive real estate listings via email for Mobile, Daphne and Gulf Coast AL by signing up at barbarareevesrealtor.com. Simply fill in your name, email and phone number and any other information you would like to add about your real estate interests [...]
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January 15, 2012Foreclosure filings jumped 22.9 percent in Oregon and 23.6 percent in the Portland area during the month of October. The numbers are still down from the same month last year a 3.6 percent decline for Oregon and an 8.1 percent decline for the Portland area. But California real estate data firm RealtyTrac, which released the [...]
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January 5, 2012The Financial Service Authority (FSA) has very recently announced plans in the form of a mortgage market review (MMR), to prevent a return to risky mortgage lending seen during the housing boom. Irresponsible lending resulted in many borrowers taking on mortgages which only seemed affordable on the assumption that house prices would always rise. With [...]
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January 1, 2012jan | December 15, 2011 | The Council of Mortgage Lenders (CML) expects the number of house repossessions to increase by 21.6 per cent from 37,000 this year to 45,000 in 2012 due to an increase in unemployment and falling household incomes. The CML also expects housing transactions to fall next year, with 825,000 homes [...]
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