Economy/Ecommerce
Economy Watch: Construction Spending Edges Up, No Thanks to Sequestration
Construction spending saw an uptick of 0.6 percent in July compared with June, according to the Census Bureau.
Economy Watch: Serious Mortgage Delinquencies Continue to Drop
Fannie Mae reported that the single-family serious delinquency rate for mortgages and it owns or insures declined in July to 2.7 percent from 2.77 percent in June.
Economy Watch: Negative Equity Continues to Drop
Zillow said that it estimates that the national negative equity rate fell to 23.8 percent of all homeowners with a mortgage during the second quarter, down from 25.4 percent in the first quarter.
Economy Watch: Pending Home Sales Dip
Upward-creeping mortgage interest rates seem to be affecting home sales, or least pending sales in some markets.
Economy Watch: Case-Shiller Indices Still Going Up
S&P Dow Jones Indices reported that the Case-Shiller Home Price Indices continued to increase as of June.
Economy Watch: Mortgage Delinquencies Drop in July
Lender Processing Services, in its First Look report for July, said that the percentage of delinquent U.S mortgage loans decreased from 6.68 percent in June to 6.41 percent in July, and from 7.03 percent in July 2012.
‘Economy Watch’ Podcast with Dees Stribling: Mixed News for the Economy
Mixed news for the economy, and no news on QE3 from the Fed.
Economy Watch: New Home Sales Take Dip in July
Sales of new single-family houses in July 2013 were at an annualized rate of 394,000 units, according to the Census Bureau.
Economy Watch: Mortgage Rates Hit New Highs
Mortgage rates are continuing their upward creep, but the housing market still seems to soldier on in its recovery.
Economy Watch: Existing Home Sales Continue to Rise
The National Association of Realtors reported that U.S. existing home sales increased 6.5 percent to an annualized rate of 5.39 million units in July from 5.06 million units in June.