The debate over the state of the housing market continues to see-saw. RealtyTrac reported that April foreclosures fell again and are now back to July 2007 levels. But, the research operation’s CEO Brandon Moore cautioned that “More distressed loans are being diverted into short sales rather than becoming completed foreclosures.” Those sales do not do anything to increase home prices.
As a matter of fact, they continue to push other home prices down. And, there is no evidence that short sales are an indication of upcoming foreclosure data improvement. Foreclosures continue to be very high in the hard hit markets of California, Arizona, and Nevada. The markets in those states have hardly improved at all on an historics basis.
Douglas A. McIntyre
Credit Card Companies Are Doing Something Nuts
Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.
It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.
We’ve assembled some of the best credit cards for users today. Don’t miss these offers because they won’t be this good forever.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
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