Economy Watch: Budget Deficit Continues Shrinking
The U.S. Department of the Treasury, in its latest Monthly Treasury Statement, said that the country ran a $94 billion deficit in July 2014, down from $97 billion during the same month a year earlier.
Albuquerque Market Snapshot
The Albuquerque Metropolitan Statistical Area is still lagging in its continuous process of pulling out of the deepest and longest recession since the 1930s.
‘Economy Watch’ Podcast with Dees Stribling: Baby Boom in 2020?
Will there be a baby boom starting around 2020?
Economy Watch: More Evidence That Home Price Growth is Slowing
FNC reported that its Composite 100 index was up 8 percent in June compared with the same month a year ago; the year-over-year increases for the index have been slowing since peaking in February at 9.4 percent, which was the highest rate since 2006.
Economy Watch: Fannie, Freddie Report Solid Q2
Both Fannie Mae and Freddie Mac reported their second quarter numbers: Fannie Mae reported income of $3.7 billion for the quarter, and Freddie Mac reported income of $1.9 billion.
Economy Watch: Mortgage Delinquencies Continue Dropping
The delinquency rate for mortgage loans on one-to-four-unit U.S. residential properties decreased to 6.04 percent of all loans outstanding at the end of the second quarter of 2014, according to the Mortgage Bankers Association.
Economy Watch: U.S. Births Slightly Higher in 2013 Than ’12
The National Center for Health Statistics reported in “Births: Preliminary Data for 2013” that the number of U.S. births was 3,957,577 last year, slightly more (4,736) than during 2012.
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.