Category Archives: MARKET WATCH
POSTED: Thursday, May 17th, 2012
Conference Board: US LEI Dips Slightly
US Leading Economic Index® (LEI) dips slightly. The LEI fell slightly but remains expansionary and well above its growth at the end of 2011.
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POSTED: Thursday, May 17th, 2012
Tight Credit Haunts Record Housing Affordability
Nationwide Housing Affordability reaches new record high; tight credit remains primary obstacle for Buyers. Youngstown’s affordability falls to 74th nationally among all Metros.
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POSTED: Thursday, May 17th, 2012
Fixed Mortgage Rates Sink to New Depths
Fixed mortgage rates sink even lower. European debt crisis causes Treasury bond yields and fixed mortgage rates to ease for yet another week. Continue reading
POSTED: Thursday, May 17th, 2012
April Housing Starts Rise – Permits Plummet
April Housing Starts rise 2.6 percent but permits plummet 7.0 percent. While still less than half the pace of what’s expected in healthy market, NAHB called April production solid for this point of the recovery. Continue reading
POSTED: Thursday, May 17th, 2012
U.S. Housing Market Primed For Recovery This Year
U.S. Housing Market finally reaches a turning point. As the U.S. housing market strengthens, consumer industries will capture significant new growth opportunities in 2012 and beyond.
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POSTED: Thursday, May 10th, 2012
Fixed Mortgage Rates Slide Again
Second Consecutive Week Of Record-Low Fixed Mortgage Rates. April’s awful employment numbers, and concerns over the Euro’s stability pushed long-term T-bond yields lower and pulled fixed mortgage rates down along with them.
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POSTED: Thursday, May 10th, 2012
Fannie Mae: Income Surplus of $2.7B for Q1-2012
Fannie Mae Reports Net Income of $2.7 Billion for First-Quarter 2012. Total loss reserves expected to have peaked as of Dec. 31, 2011; for the first time since government take-over in 2008, Fannie won’t need a draw of taxpayer funds to remain afloat.
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POSTED: Wednesday, May 9th, 2012
TransUnion: U.S. Home Loan Delinquency Rates Hit Three Year Low
National Mortgage Loan Delinquency rates hit lowest level since 2009. Transunion predicts mortgage delinquency rates to drift downward in 2012 as more homeowners are able to repay their mortgage debt obligations even in the face lower home prices and high unemployment. Continue reading
POSTED: Tuesday, May 8th, 2012
IBD/TIPP: U.S. Consumer Confidence Weakens in May
U.S. consumer confidence weakens in May. Consumer confidence declined as high unemployment persists accordint to the May The IBD/TIPP Economic Optimism Index . Continue reading
POSTED: Tuesday, May 8th, 2012
NFIB: Small Business Owners More Confident in April
Small Business Optimism gains two points in April to return ground lost in March to level of February 2011—annual net gain—00.
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POSTED: Monday, May 7th, 2012
Fannie Mae: Consumer Attitudes Trend Positive
Despite slow job growth, Fannie Mae finds consumer attitudes still positive. Home price expectations and share of Americans who think it is a good time to sell their home continue to increase.
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POSTED: Thursday, May 3rd, 2012
Freddie Mac: New Record Lows for Fixed Mortgage Rates
Fixed Mortgage Rates average new record lows on signs of slowing economic growth and tame inflation. Continue reading