YOU HAD ME AT ‘NEW HOME SALES’

YOU HAD ME AT ‘NEW HOME SALES’

The housing sector continues to be a bright spot in the U.S. economy. New Home Sales, which reports monthly on the number of newly constructed homes with a committed sale, surged by nearly 17 percent in April from March. This … Continue reading

ECONOMIC HOPES, GLOBAL WOES

ECONOMIC HOPES, GLOBAL WOES

Concerns overseas bolster a slowly improving economy here at home. Housing: Movers and Shake-ups The Commerce Department reported February New Home Sales rose 2 percent from January, as expected by analysts. Year-over-year sales, however, are down 6.1 percent from February … Continue reading

FED KEEPS A CLOSE EYE ON DATA

FED KEEPS A CLOSE EYE ON DATA

Recent economic reports show that key sectors of our economy are improving. Gross Domestic Product (GDP), the most important indicator of economic health, showed growth. The second reading of the third quarter was up 2.1 percent due to a bigger … Continue reading

TO QE OR NOT TO QE? THAT IS THE QUESTION

TO QE OR NOT TO QE? THAT IS THE QUESTION

You may have heard rumblings in the news lately about something called Quantitative Easing, or QE3 for short. If you’re in the market to buy or refinance a home, this is one story to follow. Read on to learn why. … Continue reading