On Friday, Redfin released its latest market summary, which sees the combination of sales, prices, foot traffic, and inventory as positive signs heading into the fall.
Read More »Labor Force Participation Rate Problematic for Recovery
A report released Thursday by the White House Council of Economic Advisors points to a number of factors that lead to the conclusion that the labor force participation rate is unlikely to return to the past levels it enjoyed before the economic downturn any time soon – and maybe never again.
Read More »Report: Bubble Fears Unfounded
Market trends across the United States indicate a recovering real estate market—but not a bubble—according to the latest Home Value Forecast fromPro Teck Valuation Services.
Read More »Foreclosure Activity Falls below Pre-Crisis Levels
In an important signpost of recovery, foreclosure activity in the United States has fallen to levels not seen since before the financial crisis began, according to a report issued by RealtyTrac Thursday.
Read More »Legal Expenses Plague Bank of America Earnings
Bank of America reported Wednesday a nearly 43 percent decline in second-quarter profits compared to last year thanks to a significant litigation charge. BofA posted second-quarter net income of $2.3 billion on revenue of $22.0 billion. A year ago, the megabank reported bringing $4.0 billion
Read More »Default Falls to Historically Low Levels in Large Metros
A report released Tuesday by S&P Dow Jones Indices and Experian showed a decline in default rates among five of the largest cities in the nation to historically low levels.
Read More »JPMorgan Earnings Report Mixed
Second-quarter profits at JPMorgan Chase dipped nearly 8 percent year-over-year as the bank continued to work with a diminished mortgage market. JPMorgan's latest earnings report, released Tuesday, shows the megabank earned $6.0 billion in profits over the latest three months, putting its performance somewhere between the $5.3 billion reported in the first quarter and $6.5 billion a year ago.
Read More »Earnings Preview: Major Banks give Insight into Economic Health
This week is one of four times a year that the world’s largest corporations report their earnings to their shareholders. It’s time to look back on the second quarter of 2014.
Read More »Consumers Expect Economic Improvement
The Federal Reserve Bank of New York released Monday the findings of its June 2014 Survey of Consumer Expectations (SCE), revealing a slight uptick in economic hopes among Americans as housing expectations remained flat.
Read More »China Poised to become Force in U.S. Housing Market
As the United States' neighboring countries lose their economic edge in the nation's home market, analysts at Capital Economics suggest China might soon become the biggest foreign buyer of U.S. housing. In a report released earlier this week, the National Association of Realtors (NAR) found foreign purchases of U.S. real estate surged in the 12 months ending in March to $92.2 billion, an increase of 35 percent over the prior period.
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