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Category Archives: The Economy

Housing Starts Show Strength In Housing

Posted on December 21, 2011 by admin

According to the U.S. Census Bureau, Single-Family Housing Starts rose to 447,000 units on a seasonally-adjusted, annualized basis in November — a 2 percent increase from October. Continue reading →

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Home Builders Experiencing Heavy Foot Traffic And Higher Sales Volume

Posted on December 20, 2011 by admin

In another good sign for the housing market, today’s home builders believe that the housing market has turned a corner. Homebuilder confidence is at a 19-month high. Continue reading →

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A Simple Explanation Of The Federal Reserve Statement (December 13, 2011 Edition)

Posted on December 14, 2011 by admin

Tuesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. Continue reading →

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Fed Minutes Suggest New Economic Stimulus Next Week

Posted on December 9, 2011 by admin

The Federal Open Market Committee released its November 2011 meeting minutes, revealing a Fed split on whether new stimulus is needed for the U.S. economy. Continue reading →

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Friday’s Jobs Report Represents A Big Risk To Low Mortgage Rates

Posted on December 6, 2011 by admin

At 8:30 AM ET Friday, the government’s Bureau of Labor Statistics will release its November Non-Farm Payrolls report. Have you been floating a mortgage rate? It may be time to lock. Continue reading →

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Housing Starts Rising: New Construction Turns The Corner?

Posted on November 18, 2011 by admin

Another day, another signal that the market for newly-built homes is improving. Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October — a 4 percent increase from September and the highest reading in 3 months. Continue reading →

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Foreclosure Filings Climbing; 4 States Account For Half Of Nationwide Activity

Posted on November 15, 2011 by admin

According to foreclosure-tracking firm RealtyTrac, October’s foreclosure filings rose 7 percent to 231,000 filings nationwide. Activity concentrated in just 4 states nationwide — California, Florida, Michigan and Illinois. Continue reading →

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A Simple Explanation Of The Federal Reserve Statement (November 2, 2011 Edition)

Posted on November 3, 2011 by admin

Wednesday, the Federal Open Market Committee voted to leave the Fed Funds Rate unchanged within its current target range of 0.000-0.250 percent. Continue reading →

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More Risk To Home Affordability : Friday’s Jobs Report

Posted on November 2, 2011 by admin

Within the next 48 hours, mortgage rates may get bouncy. The Federal Open Market Committee will adjourn from a 2-day meeting and October’s Non-Farm Payrolls report is due for release. Of the two market movers, it’s the Non-Farm Payrolls report that may cause the most damage. Continue reading →

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Foreclosure Rate Drops For The 12th Straight Month

Posted on October 28, 2011 by admin

Foreclosure activity continues to slow throughout the United States. Continue reading →

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