Five stats from the market and the stories behind them. This week: consumers drag down GDP, home sales hit a six-year high, and target-date funds reach $500 billion in assets.
Despite a recent rise, lending rates remain near historic lows, says real estate expert Ilyce Glink, who also offers guidance on credit scores and encourages homesellers to be realistic in their expectations.
If you believe success in today's stock market demands selectivity, these fund managers have proven they can deliver, says Morningstar's director of personal finance.
As the credit and employment environments improve along with stabilized mortgage rates, the housing market should pick up steam starting this year.
The sentiment pendulum has swung too far in the negative direction on housing.
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