Experts have surveyed the young generation again and again as to why they are staying with their parents, but now Fannie Mae has completed a survey of the parents they live with. As it turns out, more than half of them don't mind their children living at home.
Read More »Consumer Sentiment on the Rise in Florida
The Bureau of Economic Research at the University of Florida announced that the consumer sentiment index for the state’s residents rose another two points to 84, hitting a post recession high.
Read More »Delinquencies Drop as Fannie Mae Book of Business Shrinks
Fannie Mae's book of business decreased at a compound annualized rate of 1.7 percent over the month of June, slower than the previous month's rate of 2.4 percent but continuing a streak of decreases that has persisted all year so far. Year-to-date, Fannie Mae's book of business has declined at a compound annualized rate of 2.2 percent.
Read More »Millennials Continue to Delay First Home Purchases
As homeownership keeps slipping among young American adults, real estate analysts expect the makeup of first-time homebuyers could look very different over the next 10 years.
Read More »Housing Report Bucks Conventional Wisdom
Conventional wisdom seems to suggest that recent housing data points to reasons for analysts to worry about the direction of the economy. A new report makes the case that the picture is much brighter then their consensus would lead one to think.
Read More »Study: Incorporating Rental Payments Gives a Better Picture of Credit Risk
Experian announced that its latest analysis has uncovered how the addition of rental payment data to credit files can help financially exclude consumers gain access to traditional financial services.
Read More »Job Growth Weaker than Expected in July
U.S. payrolls grew less than expected in July, a potential sign that the labor market recovery might be cooling following an early summer hiring spike. According to the Department of Labor, the economy added 209,000 jobs last month, coming in under the 233,000 predicted by economists. The national unemployment rate ticked up from 6.1 percent to 6.2 percent.
Read More »San Jose Real Estate Market Plateaus
The housing market in San Jose, California, has been cooling over time and prices have recently flattened. The trends imply a weakening market, according to Kristen Evans, an analyst for Altos Research LLC. “Despite the consistent decrease in the Market Action Index (MAI), we're in a ‘Seller's Market’ where significant demand leaves little inventory available.”
Read More »Job Market Adds 218,000 Jobs in July
The ADP National Employment Report for July 2014 shows that job growth continued throughout the month in yet another step along the way to full economic recovery. The report followed nonfarm private employment for approximately 24 million workers in the United States, who saw the addition of 218,000 jobs in July. The increase continues a trend that has been ongoing for several months.
Read More »GDP Growth Healthy in Q2
The U.S. economy experienced a sharp turnaround from the first quarter to the second, fueling hopes of a rebound as the rest of the year plays out. Real gross domestic product (GDP) increased at an annual rate of 4.0 percent in the second quarter of the year, according to an advance estimate released by the Commerce Department. Growth came in at the high end of a survey of economists, with the consensus forecast calling for an increase of 3.1 percent.
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