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

CONSUMER SENTIMENT SHINES

CONSUMER SENTIMENT SHINES

Consumer sentiment rebounded in May. Income gains, an improved jobs outlook, and low home loan rates inspired more people to put on a happy face. Those feelings beamed across all income levels but especially among lower-income and younger households, according … Continue reading

WILL THE ECONOMY BLOOM THIS SPRING?

WILL THE ECONOMY BLOOM THIS SPRING?

The housing and labor sectors remained strong in the first quarter, but what about our economy overall? GDP Slows While Fed Holds Steady The Federal Open Market Committee (FOMC) met in April and, as expected, held its benchmark Fed Funds … 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 ANSWERS RATE HIKE DEBATE

FED ANSWERS RATE HIKE DEBATE

As winter officially began and 2015 came to a close, the Fed resolved to raise its benchmark Federal Funds Rate. In other news, housing starts heated up while home sales went into hibernation. Fed Warms Up to Rate Increase In … Continue reading

FALL ABUZZ WITH NEWS

FALL ABUZZ WITH NEWS

The housing sector kicked off the fall season on firm footing. Home prices rose 6.4 percent in September 2015 compared to September 2014, according to CoreLogic’s Home Price Index Report. Sales of existing homes rose 4.7 percent in September from … Continue reading