Top Cities to Move - Charlotte #3
Unemployment is on the rise, credit is tight and consumers aren’t spending - which means they aren’t picking up and moving much, either. Very few places in America saw significant population growth in 2008.
Despite the overall economic slowdown, some parts of the country keep on moving ahead, attracting more and more newcomers - even if [...]
Economic Update 07.13.09
On Monday, July 6, the Institute for Supply Management reported the monthly index of non-manufacturing activity rose in June to 47 from 44 in May. Economists had expected a reading of 45.5. Figures below 50 indicate contraction. However, it was the best showing since September 2008 when the index was at 50. Export orders were [...]
Economic Update - Charlotte 6-15-09
On Tuesday, June 9, the Commerce Department said wholesalers reduced their inventories by 1.4% in April following a 2.4% drop in March. Economists had forecast a 1.1% decrease in April. It was the eighth straight monthly decline. Sales at the wholesale level fell 0.4% in April after a 2.4% decline in March.
Economic Update - Charlotte 6-8-09
On Monday, June 1, the Commerce Department reported total construction spending unexpectedly rose 0.8% in April. Economists had expected a 1.2% decline. It was the biggest gain since August 2008 and marked the second straight month that construction spending has risen after a 0.4% increase in March.
Home sales rise 2.9%, boosted by bottom fishing
Here is just some further insight from MarketWatch into housing sales and the state of the housing market. While the numbers of sales rise, prices are have steadily dropped to near 2002 levels.
Prices drop 15.4% while inventories continue to climb
WASHINGTON (MarketWatch) - Boosted by bottom fishers snapping up foreclosures and by incentives for [...]
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.
