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Foreclosure activity improves in third quarter


In the third quarter, there more than 193,000 properties in some stage of the foreclosure process.

Following the real estate bubble burst, the foreclosure rate surged throughout the country.

More consumers gain stable financial footing


Personal income levels increased $400 million in October.

The economy continues to build momentum in the form of rising personal income levels and job growth.

Home prices rise in November, still outpaced by rental rates


Despite the residential property gains, prices throughout the rental market increased at a much faster pace.

Home prices increased significantly so far this year and continued to do so in November as the real estate industry gained additional footing.

Foreclosure activity trends lower in October


During the month, there were an estimated 58,000 completed foreclosures.

Foreclosures weigh heavily on the real estate industry's recovery, but the rate of home repossessions appeared to be improving in October.

Consumers less confident in ability to buy homes


The exact mortgage rate a consumer receives relies heavily on their personal financial standing.

Although mortgage rates hovering near all-time lows makes the prospect of purchasing a home much more attainable for consumers, many people still think purchasing property is out of their financial grasp.

Despite rising property values this year, housing still affordable


Rising personal incomes could make homeownership more affordable for some consumers.

Property values declined more than 30 percent in some areas following the housing market collapse, which has contributed to rising levels of affordability for consumers.

Housing market still on the path to recovery


Last month, construction starts spiked 4 percent from September to an annual rate of 894,000 units.

The real estate industry gained considerable momentum so far this year and is starting to return to levels of activity experienced at the housing market's peak.

Pending home sales reach highest level in five years


Pending home sales spiked 5.2 percent from September to a mark of 104.8.

Although the fall and winter months often yield a slowdown in real estate activity, pending home sales increased significantly in October.

CFPB calls for dismissal of lawsuit challenging Cordray's appointment


Some people question the legality of President Obama's appointment of Richard Cordray to head of the CFPB.

The Consumer Financial Protection Bureau was established in July 2011 to keep Americans safe in the mortgage industry and other sectors.

Consumer mortgage debt hits six-year low


During the third quarter, new mortgage originations totaled $120 billion.

In the wake of the housing market collapse, a number of mortgage lenders implemented stricter qualification standards for borrowers.


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