Research Center
Economy Watch: Home Price Increases Continue to Slow
Home prices nationwide, including distressed sales, increased 7.5 percent in June 2014 compared to last June, according to CoreLogic, another indication that the upward momentum of prices has slowed down.
‘Economy Watch’ Podcast with Dees Stribling: A Decent Month for Job Creation
July was a decent month for job creation.
Economy Watch: Lenders Loosening Lending Standards for Some Loans
The Federal Reserve said in its July 2014 Senior Loan Officer Opinion Survey on Bank Lending Practices that such practices are being loosened, but not quite for every kind of loan.
Economy Watch: July Jobs Gain Healthy, Broad-Based
Jobs gains in July, while not quite as robust as in June, were nevertheless broad-based. Professional and business services added 47,000 jobs during the month, including gains in architectural and engineering services.
Economy Watch: Economy Adds 209K Jobs in July
The U.S. economy added 209,000 jobs in July, according to the Bureau of Labor Statistics.
Economy Watch: GDP Surges in Q2
U.S. real gross domestic product increased at an annualized rate of 4 percent in the second quarter of 2014, according to the first estimate released by the Bureau of Economic Analysis.
‘Economy Watch’ Podcast with Dees Stribling: Housing Numbers Were So-So This Week
Housing numbers were so-so this week.
Economy Watch: Case-Shiller Shows Smaller Home Price Rises
According to the latest S&P/Case-Shiller Home Price Indices, the 10-city and 20-city composite indexes were up 9.4 percent and 9.3 percent year-over-year respectively in May, down from 10.9 percent and 10.8 percent in April.
Economy Watch: Pending Home Sales Edge Down
The National Association of Realtors reported on Monday that its Pending Home Sales Index, a forward-looking indicator based on contracts inked but not closed, declined 1.1 percent to 102.7 in June from 103.8 in May, and is 7.3 percent below June 2013 (when it was 110.8).
Economy Watch: Bank Failures Sluggish in ’14
Over the weekend, the FDIC closed its 14th failed bank of 2014, Greenchoice Bank in Chicago.