Sept. 25 (Bloomberg) -- Sales of new U.S. homes climbed in August to the highest level in almost a year...
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Friday, September 25, 2009
Consumer sentiment highest since Jan. 2008 - Consumer news- msnbc.com
U.S. consumer sentiment rose in late September to the highest since January 2008 as expectations of an economic rebound gathered momentum, a survey showed on Friday...
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Thursday, September 24, 2009
Existing home sales unexpectedly drop in Aug - BUT Compared to August last year, sales were up 3.4 percent.Yahoo! News
NAR Chief Economist Lawrence Yun described the decline as a "mild retreat" after a strong gain in July, adding that the August pace was the second-highest in 23 months. Compared to August last year, sales were up 3.4 percent.
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Fed slows housing market plan; rates to stay low - Yahoo! News
WASHINGTON – Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market.
Even so, rates on home loans are expected to remain low.
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Even so, rates on home loans are expected to remain low.
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U.S. Initial Jobless Claims Decreased to 530,000 (Update1) - Bloomberg.com
Sept. 24 (Bloomberg) -- The number of Americans filing first-time claims for jobless benefits dropped unexpectedly last week to the lowest in two months, another sign firings are slowing as the economy pulls out of the recession...
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Wednesday, September 23, 2009
Real Estate Insights
Real Estate Insights: "Climbing Out of Recession
There’s been a flurry of good news about housing and the economy lately. Both home sales and pending sales have posted several consecutive months of increases. Mortgage rates continue to attract home purchasers. GDP growth is on track to turn positive later this year. But there’s more work to do before the economy can sit back and relax. In his commentary this month, NAR Chief Economist Lawrence Yun looks at the latest developments, where challenges remain, and some potential concerns down the road.
Click on the above link to read more!
There’s been a flurry of good news about housing and the economy lately. Both home sales and pending sales have posted several consecutive months of increases. Mortgage rates continue to attract home purchasers. GDP growth is on track to turn positive later this year. But there’s more work to do before the economy can sit back and relax. In his commentary this month, NAR Chief Economist Lawrence Yun looks at the latest developments, where challenges remain, and some potential concerns down the road.
Click on the above link to read more!
Monday, September 21, 2009
Leading economic indicators rise in August - Yahoo! News
NEW YORK – A private forecast of economic activity rose in August for the fifth straight month, the latest sign the recession has ended...
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