The housing recovery has been struggling lately. Mortgage lending just endured it’s worst month in 14 years and analysts are projecting un unprecedented “triple-dip” in home prices. Household income has continued to decline and wage grown has remained poor for years. Read More
Further improving on previous gains, the Thompson Reuters/ University of Michigan Consumer Sentiment Index ends the month at 84.6, up from 82.5 last month. Current levels mean that consumer confidence is closing out September at it’s highest level in over a year. Read More
Mortgage applications fell 7.2 percent last week to reach their lowest level in over 14 years, according to the Mortgage Bankers Association. Figures this low in September likely indicate it’s going to be a long, cold, rough winter for housing. Read More
The Federal Reserve System is the central banking system of the United States and was created in 1913 with the enactment of the Federal Reserve Act. Over the past century, its roles and duties have expanded. Read More
Consumers’ are much more upbeat about the economy this month as the gauge of both sentiment and confidence rose this month. Consumers are beginning to spend again too, although rather cautiously. Read More
