Economy/Ecommerce
Economy Watch: CBO Says Budget Deficit Shrinking for Now
The Congressional Budget Office estimates a $514 billion deficit for 2014. In addition, CoreLogic reports that year-over-year home prices are up 11 percent for December, though the trend points to a plateau.
Economy Watch: Investors Head for the Exits
While investors continue to stare down a potential market correction, good news in the multifamily sector comes from the NAHB’s 55+ Housing Market Index and the Census Bureau.
Economy Watch: Personal Income, Consumption Rise in December
The Bureau of Economic Analysis reports that personal income ticked up in December, though the Reuters /University of Michigan sentiment index shows that consumers are a bit more glum.
Economy Watch: GDP Growth Turns Strong in 4Q
The Bureau of Economic Analysis reports that GDP went up 3.2 percent in 4Q13. The NAR’s pending home sales index falls in December, in part due to disruptive weather.
Economy Watch: Real Estate Sounds off on State of Union
NMHC and AGC respond to the State of the Union address and the Fed continues tapering. In addition, CoreLogic reports a 24 percent decrease in foreclosures for 2013.
Economy Watch: Home Prices Still Rising on Annual Basis
Year-over-year home prices up 13.7 percent and state unemployment rates edge down.
Economy Watch: New Homes Sales Dip in December, Up Year Over Year
Home sales dip in December, and President Obama will address the situation of long-term unemployment in tonight’s State of the Union address.
Economy Watch: Investors Get the Jitters
Wall Street takes a tumble and CUNA reports that the cost of credit card breaches is mounting.
Economy Watch: Existing Homes Sales See Best Year Since ’06
The National Association of Realtors reported on Thursday that total U.S. existing home sales increased in December by 1 percent to an annualized rate of 4.87 million units – that includes single family, townhouses, condos, and co-ops — from 4.82 million units in November.
Economy Watch: Chief Executives More Upbeat
The nation’s CEOs are somewhat more confident about their businesses’ prospects than they used to be, according to annual PricewaterhouseCoopers survey of more than 1,300 chief executives, which was released on Wednesday.