The delinquency rate has declined by 7.3 percent last year, but the latest report states that it has remained stagnant in the later of half of 2016.
Read More »Wage Growth and the Affordability Crisis
Economists have cited gains in hourly wages as one of the keys to improving affordability in housing. Are wages finally starting to keep up with home price appreciation?
Read More »The Best is Yet to Come
A new administration will lead efforts in boosting the housing market.
Read More »Economists Tamp Down Housing Expectations
A slower than anticipated first half has killed off any enthusiasm economists had for housing at the start of 2014.
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 »Severity of Financial Crisis to Blame for Slow Wage Growth
The labor market has taken significant steps in the quest to return to pre-recession employment levels. Still, concerns remain among many about the quality of jobs being created. Wages have increased over the past year but at only a 2.3 percent growth rate, they lag behind the growth rate that they should be experiencing at this point in the business cycle. A change may be in the air.
Read More »Existing Home Sales Reach Highest Peak in 8 Months
Existing-home sales in June touched their highest level so far this year as the supply of available homes for sale continued to improve. The National Association of Realtors (NAR) reported a 2.6 percent month-over-month rise in existing-home sales last month to a seasonally adjusted annual rate of 5.04 million. May sales were revised slightly upward to a rate of 4.91 million.
Read More »Freddie Mac Sees Bittersweet Economic Outlook
According to the July 2014 U.S. Economic Housing Outlook released Monday by Freddie Mac; the economic results were mixed in the first half of the year as the housing industry slowed.
Read More »Texas Job Growth Slows
The old adage “everything’s bigger in Texas” really does ring true sometimes. The nation’s second most populous state leads the nation in job growth and is consistently ranked as the one of the best climates for business in the United States.
Read More »Minnesota Economy Strong, Housing Lags Behind
Minnesota is generally a very consistent performer in the economy when compared to the United States Economy as a whole. The peaks are never too high and the valleys are never too low. On Friday Wells Fargo released its July 2014 economic outlook reinforcing that the state economy is greatly improved but housing still lags behind.
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