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Tag: "economic news"

Voters’ Biggest Concerns: Jobs and Housing

A Houselogic survey demonstrates that voters are most concerned about jobs and housing policy as election year issues for 2012.  Respondents were asked: “What issue area will have the greatest impact on your vote in 2012?” Jobs were mentioned as the top issue by 54% of respondents.  The next most critical issue was housing, which [...]

Fiserv Optimistic About Housing Market Stability

Even though 2011 home values dropped an average of 5.1% and prices fell in 302 of 384 housing markets tracked by the Fiserv Case-Shiller Indexes, the picture should get considerably brighter as housing approaches 2013. Fiserv’s chief economist, David Shiff, believes that the housing market will see greater stability in 2012 than in the past [...]

Federal Reserve Beige Book Continues to Show Weak Economic Expansion

The quarterly report from the Federal Reserve branch banking system called “The Beige Book” is out with its latest round of observations about the In most regions the pace of growth is described as “modest” or “slight” and general business conditions are considered weak but moving forward on some fronts.  Notably, auto sales and tourism [...]

Improved 3rd Quarter GDP at 2.5%

Despite the generally glooming housing market and a shaky world economy, the 3rd quarter preliminary gross domestic product report released Oct. 27 by the Commerce Department is actually pretty good news.  The preliminary data shows a growth rate of 2.5% in the 3rd quarter after a 1.3% second quarter GDP. The preliminary report is based [...]

How Will European Bank Failures Impact U.S. Banks, Cities?

While the U.S. Stock Market seems temporarily comforted by statements from the major European Union powers that shaky banks in Europe will be bailed out, some analysts in the U.S. are not so convinced. Conservative analysts at Weiss Ratings maintain that bank failure in Europe will have a domino effect in the U.S. and will [...]

Are We in for a Triple-Dip Recession?

It’s part of what Clear Capital does to regularly get out the crystal ball and predict what will occur in the real estate market in the coming months. The market analysts at Clear Capital have published their first look at 2012 and believe it will be more of the same, or worse. In fact, Clear [...]

More on Attorney Generals Robo-Signing Squabble

As a result of the public objections New York Attorney General, Eric Schneiderman made concerning the impending settlement between the states and a group of major lenders over mortgage document improprieties, Schneiderman was dismissed from the Executive Committee for the settlement by its chair, Iowa Attorney General Tom Miller. Now 21 members of New York’s [...]

Dodd-Frank Moving Forward Despite Opposition Over Impact on Real Estate

Despite some controversy over how the Dodd-Frank provisions will impact recovery of the housing market, the provisions of the act are moving forward. The FDIC and Federal Reserve have approved provisions that require all lenders with $50 billion in assets or more to prepare detailed bankruptcy blueprints so that these bigger lenders can be liquidated [...]

Federal Reserve Beige Book: Residential Real Estate is Weak Overall

The Federal Reserve economic summary from the field offices mid-July through August 2011 shows only modest economic recovery, and in the area of housing, most markets are considered weak.  The basis of the report is anecdotal evidence from sources outside each regional Federal Reserve branch. The only branches reporting moderate economic gains were St. Louis, [...]

Fannie Mae Monthly Report Reflects Consumer Pessimism

Each month Fannie Mae takes the pulse of the economy in its Survey and it found in August growing pessimism on the part of the American public on a range of economic problems from the housing crisis to household finances, to the economy in general. A total of 78% of the Americans surveyed said that [...]