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Tag Archives: economic growth
Is the U.S. housing market on the upswing?
Is the U.S. housing market starting to recover? Let’s check the latest numbers.
The latest homes-for-sale data in FNC’s National Collateral Database™, which represent two-thirds of for-sale home listings nationwide, show a modest uptrend in July. The number of homes for sale rose 6.5% from June, or 30% from a year ago.
In June, total home sales (including new and existing homes) rose more than 13% compared… Continue reading
Posted in Mortgage
Tagged economic growth, home prices, housing market recovery, National Collateral Database
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Will Mortgage Rates Bring Down Lending Volumes?
The good news is that the potential for a double-dip recession and our fear of it is fading. This should help stimulate economic growth. The Wall Street Journal reported that the U.S. economy had grown about 2.6% in the third quarter. During this period companies have increased their inventories of goods. While consumer spending was down during this same period, a recent increase in spending reflects consumer comfort. Last week’s… Continue reading
Posted in Lending, Mortgage
Tagged double-dip, economic growth, interest rates, mortgage
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