Economy Watch: New Home Sales Jump in October
The Census Bureau reported a spike in new home sales, with sales at an annualized rate of 440,000 units in October, compared with 354,000 units in September, which represents an increase of 25.4 percent for the month.
Economy Watch: Home Price Increases Slowing Down
CoreLogic reported that the increase in home prices nationally—including distressed sales—slowed down in October, rising only 0.2 percent compared with September.
‘Economy Watch’ Podcast with Dees Stribling: Home Prices Rise
Home prices rise, consumer confidence drops, and people are buying more on line than ever.
Economy Watch: More Shop Over Thanksgiving Weekend, But Spent Less
The National Retail Federation reported that more than 141 million Americans did some kind of shopping over the Thanksgiving holiday (Thursday to Sunday), compared with 139 million over the same period last year.
Economy Watch: GSE Delinquencies Continue to Drop
Fannie Mae reported that its single-family serious delinquency rate declined from 2.55 percent in September to 2.48 percent in October.
Economy Watch: U.S. Housing Price Rise Slows
S&P Dow Jones Indices reported the latest S&P/Case-Shiller Home Price Indices, which cover the three months ending in September.
‘Economy Watch’ Podcast with Dees Stribling: Tapering Might Begin Soon
Tapering might begin soon, and negative equity is dropping.
Economy Watch: Pending Home Sales Dip
Ahead of housing permit numbers from the government, which is a forward-looking indicator for the housing market, the National Association of Realtors reported that its forward-looking Pending Home Sales Index, which is based on contracts signed but not closed, dropped.
Economy Watch: Majority of States See Unemployment Rate Drops
The Bureau of Labor Statistics reported that 28 states had unemployment rate decreases in October compared with September, while 11 states and the District of Columbia saw increases and 11 states experienced no change.
Economy Watch: Negative Equity Nose Dives
Zillow reported that one of the persistent hangovers of the housing bubble and the recession that followed, namely negative residential equity, dropped in the third quarter of 2012 to 21 percent of all homeowners with a mortgage.