By the Numbers - Economy that Effects Mortgage
So here’s the skinny, signals were mixed. Economic indicators were up and housing starts are very low and the big question still remains, “when will housing recover and what will it look like when it does recover?” We’ll be here to walk you through it every step of the way. Here are the numbers.
The Conference [...]
Charlotte Mortgage - Economic Update 05/17/09
On Tuesday, May 12, according to the ICSC-Goldman Sachs index, store sales rose 0.3% in the week ending May 9 compared to the previous week. Compared to a year ago, retail sales were up 0.5%. That is the best year-over-year reading since late November 2008.
The Mortgage Bankers Association said its seasonally adjusted index of mortgage [...]
Economic Update 05/12/09
On Monday, May 4, the Commerce Department reported total construction spending increased 0.3% in March. It was the best result since September 2008, and ended five months of consecutive decline. Economists had expected spending to drop 1.5%….
Charlotte Mortgage Loan - Economic Update May 4th
On Tuesday, April 28, the Conference Board reported that its consumer confidence index rose 12.3 points to 39.2 in April. Economists had expected the index to increase to 29.5. It is the highest level since a November reading of 44.7 and is the largest jump since a gain of 13 points in November 2005. …Read more
Charlotte Mortgage Loan - Economic Update April 20th
The National Association of Home Builders/Wells Fargo housing market index posted its biggest monthly jump in five years in April. The index rose five points to 14 and is the highest since October 2008. An index reading higher than 50 indicates positive sentiment about the housing market.
