The level of optimism for the housing market in the U.S. for the fourth quarter of 2014 is at its highest point as it has been at any point during the recovery, according to a recent survey conducted by Trulia.
Read More »October Sales, Prices for Existing Homes Top 10-Year Average
The figures for both sales and median price for existing homes in October were higher than the "10-year October average," or the average of that data from the previous 10 Octobers, according to the National Association of Realtors.
Read More »Economist Predicts Millennials Will Greatly Increase Presence in Home Market in 2015
While millennials so far have yet to find their place in the housing market, the stage is set for younger Americans to become the driving force in the residential sector in 2015, according to a forecast from Zillow.
Read More »Consumer Sentiment Rises for Fourth Straight Month
Consumer sentiment hit yet another post-recession high in November, reflecting increased confidence in personal finances and the labor market heading into the holiday spending season.
Read More »Freddie Mac: Housing Market Inching Closer to Stability
According to Freddie Mac, three of the four major indicators tracked in the index saw improvements in September, led by a 1.2 percent gain in the gauge of labor health to 94. The components measuring payment-to-income ratios and the proportion of mortgage payments made on time also edged up, rising 0.8 percent to 72.7 and 0.5 percent to 66.6, respectively.
Read More »Income, Inventory Increases Lift October Home Sales
Income growth and rising home inventory levels helped push house sales up in October compared to last year, marking the first major increase year-to-date, according to a report.
Read More »Consumer Confidence Takes Downward Turn in November
According to the Conference Board, consumers in the latest survey were less optimistic about the labor market outlook, reflected in a decline in the share of respondents expecting more jobs in the next six months and an increase of more than 2 percentage points in the share expecting fewer jobs.
Read More »New Home Sales Inch Upward In October
Sales of newly built homes picked up in October, but a downward revision to September shows numbers in that segment of the housing market remain volatile. The Commerce Department reported Wednesday that sales of new single-family houses were at a ...
Read More »Consumer, Government Spending Boost Revised Q3 GDP Rate Up to 3.9 Percent
The U.S. economy continued to outperform in the third quarter as consumer and government spending provided a boost to gross domestic product (GDP). According to a second estimate from the Commerce Department, GDP grew at an annualized rate of 3.9 ...
Read More »Unemployment Rate Falls Year-Over-Year in 42 States, D.C.
Though regional and state unemployment rates changed little from September to October, 42 states and the District of Columbia saw year-over-year declines in their respective unemployment rates, according to the October 2014 Regional and State Employment and Unemployment report released by the U.S. Bureau of Labor Statistics (BLS).
Read More »