Consumer debt seen rising’again


Consumer debt seen rising’again

The financial crisis prompted consumers to start paying down their debt, but even with the economy far from recovery, that decline in consumer debt is expected to reverse.

First-Time Homeowners Stuck in Their Homes

The housing decline that started in 2008 is having a profound impact on families across the country. Many who are in their first homes are stuck causing them to delay starting families or even moving for job opportunities.

China’s Stocks Drop After Inflation Exceeds Forecasts; Automakers Decline

China stocks fell for the first time in three days as inflation exceeded government targets, risking higher interest rates that may slow the economy. (24 mins ago)

Taipei Home Prices May Fall for Second Month on New Sales Tax, Sinyi Says

Taipei’s existing home prices may fall for a second month in April, the first two-month decline since the global financial crisis, as a new housing tax deterred buyers, the island’s biggest real estate brokerage said. (23 hours ago)

Wells Fargo’s income rises 51 per cent, but new mortgages fall as borrowing rates increase

NEW YORK, N.Y. – Wells Fargo’s income jumped 51 per cent in the first quarter as more people opened accounts with the bank and business customers took out more loans. Revenues fell as higher interest rates resulted in a sharp decline in new mortgages. …

Briefs: Home sales decline in September

WASHINGTON Pending sales of homes drop in September Pending sales of existing homes unexpectedly declined in September, a sign the housing market will take a long time to mend. The National Association of Realtors’ index of pending home resales dropped 1.8 percent after a revised 4. (2 hours ago)

NewsWatch: U.S. stocks drop on economic malaise, off for week

Shares decline on light summer-trading volumes, sending the Dow to its second consecutive week of losses as concerns about economic growth weigh on investor sentiment. (3 hours ago)

Updated: Iac, Dj Shutting Down Personal Finance Jv Filife Following Dramatic Traffic Decline

IAC and Dow Jones are shutting down FiLife today, paidContent has learned and IAC has confirmed. We reported last month that the plug could be pulled but sources then insisted that all options were being explored. (18 hours ago)

Drop in home sales, tumbling oil weigh on stocks

A surprising decline in home sales and another sharp drop in oil prices are driving investors to sell stocks. (15 mins ago)

FOXBusiness: Home Prices Tumble, but No Record

U.S. home prices fell 18.6% in February from a year earlier but the rapid pace of decline slowed, perhaps indicating the housing market may be nudging closer to a bottom, according to Standard & Poor’s/Case-Shiller Home Price Indices released on Tuesday. (1 min to go)