Speaking at the 56th annual meeting of the National Association for Business Economics (NABE) on Monday, U.S. Department of Treasury Deputy Secretary Sarah Bloom Raskin said she does not see the nation's growing problem of student loan debt leading to an economic meltdown – and student loan debt may not be affecting a borrower's ability to buy a home, depending on that borrower's financial situation.
Read More »September Consumer Confidence Rises to Highest Post-Recession Level
September's increase in confidence is the result of optimistic outlooks on the overall economy and personal incomes. In fact, of the two components that make up the overall consumer sentiment index—consumer expectations and current conditions—a rise in the former is solely responsible for the positive movement in September.
Read More »GDP Inches Upward In BEA’s Third Estimate
According to BEA, the turnaround in the second quarter largely reflected positive contributions from consumer spending, exports, private inventory investment, state and local government spending, and both residential and non-residential fixed investment.
Read More »Analysts Forecast Economic Growth for 2015
Despite slower growth early in the year and a disappointing showing in August, the labor market managed to add more than 1.7 million jobs in 2014's first eight months, coming in at 300,000 more than average over the previous three years as payrolls kept up a steady streak of monthly gains above 200,000.
Read More »Employment Gains Spur Housing Growth in Pittsburgh, Cleveland
A burgeoning young, knowledge-based workforce is contributing to housing and overall economic growth in Pittsburgh and Cleveland, according to the latest Home Value Forecast from Pro Teck Valuation Services.
Read More »DS News Webcast: Monday 9/22/2014
The U.S. House of Representatives passed bipartisan legislation recently that allows small businesses to spend capital toward creating jobs instead of compliance. H.R. 4, known as the Jobs for America Act, contains two Financial Services Committee bills designed to provide regulatory ...
Read More »Two Bipartisan Job Bills Pass in Congress
The U.S. House of Representatives passed bipartisan legislation on September 19 that allows small businesses to spend capital toward creating jobs instead of compliance.
Read More »Economy Slows Down in August After Large June, July Gains
The group's measure of current economic indicators also edged up 0.2 percent to 109.7, slightly better than July's gain as personal income, employment, and retail sales continued to make strides.
Read More »Report: Home Sales Down, Prices Up For August
Despite the currently slower environment, RE/MAX CEO Margaret Kelly is keeping a positive view on recent figures, noting that August sales were still more than 10 percent higher than in 2012 and 17.8 percent higher than in 2008, when the company began reporting on monthly activity.
Read More »Analyst Predicts Home Price Decline In Report to White House
If Pollard is correct, the impact on the U.S. economy would be seismic. Overvalued homes, according to his report to President Obama, make up $23 trillion of consumer asset value and "serve as the psychological linchpin" for $17 trillion of invested capital.
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