Doug Duncan, Fannie Mae’s SVP and Chief Economist, noted that “respondents continue to cite high home prices and unfavorable mortgage rates as the primary reasons for their pessimism.”
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ADP: Hiring Surges in June
Employment in the private sector rose in June at the highest rate in nearly two years, according to the ADP National Employment Report issued Wednesday for the month of June. By ADP's calculation, private sector employment rose by 281,000 new jobs created, surpassing most already optimistic projections.
Read More »California Loses Jobs in January
A report issued by the Wells Fargo Economics Group noted that California lost 31,600 jobs in January—the largest single-month decline in over four years. Non-farm payrolls declined .2 percent during the month of January. The decline from December, 2013 to January, 2014 was the largest one month drop since September, 2009.
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