After reducing asset purchases by $10 billion in January, the Fed announced today tapering will continue at that rate in February, equally divided between long-term Treasuries and mortgage backed securities. The FOMC cited stronger economic data especially… [read more]
Fourth quarter GDP is holding at an annual rate near 3.0%, with the stronger growth being supported by consumer spending and business investment. After a short lull in Existing Home Sales, the numbers picked up again…[read more]
2014 will be a breakout year for the U.S. economy as private-sector demand accelerates and fiscal drag eases, according to the Economic Advisory Committee of the American Bankers Association… [read more]
Existing home sales which include single-family, townhomes, condos and co-ops rose 1.0% in December to an annual pace of 4.87 million after a decline of 5.9% in November to annual pace of 4.82 million. Total sales are running… [read more]
This week’s summary covers Housing Starts, the NAHB housing market index, Retail Sales, NFIB survey and more and shows how each indicator will influence the supply and cost of money for real estate. [read more]
Prediction #1. The current “pause” in the housing market will be short term; improving demand and limited supply will eventually drive conditions back toward a moderate rebound. Prediction #2. The recovery is likely to… [read more]
Do you know what a QC is? What about a TD? Do you know who your Ticor Title Company TO is? When was the last time you checked your MMA? Do you know what your LTV is on your home mortgage? Wouldn’t it be nice to own a property F/C? If you’re not sure about the answersRead more
Have a look at these economic tips on how to make 2014 your most financially sustainable and successful yet. Simple advice for savvy consumers, including meaningful financial resolutions and others … [read more]
Celia Chen of economy.com has released their take on the housing market for the next decade. Ms. Chen’s insights have historically been pretty much on target. Here is a summary of her most recent prognostication … [read more]
The recent run of stronger than expected economic data readings appears to have been tripped up by the December employment report and disappointing number of payrolls. Other employment indicators suggest this is an exception and line up nicely to… [read more]