Saturday
February 24, 2018

Author Bios

Articles by this author:

  • The economy is barely crawling along. A recent downward revision in the country’s gross domestic product shows that current economic activity is still below the recent past cyclical peak, achieved in late 2007, even though the country added more than 10 million people in the workforce age range.

    Without economic growth, the large budget deficit and debt problems will continue to worsen. ­After all, so much of the federal government’s revenue comes from people working and paying taxes. The current unemployment rate of 9 percent is just too high.

  • Existing-Home Sales Rate for June

    4.8 million

    This is a seasonally adjusted annual rate, which is the actual rate of sales for the month, multiplied by 12 and adjusted for seasonal sales differences.

     

    Pending Home Sales IndexFor June 

    90.9

    This index measures ­housing contract activity. An index of 100 is equal to the level of activity during 2001, the benchmark year.

    Source: NAR Research

     

  • You already know from real-world experience that banks are not lending. But now your experience is backed by hard data from the FDIC.

  • Existing-Home Sales Rate For May

    4.8 million

    This is a seasonally adjusted annual rate, which is the actual rate of sales for the month, multiplied by 12 and adjusted for seasonal sales differences.

    Pending Home Sales Index For May 

    88.8

    This index measures ­housing contract activity. An index of 100 is equal to the level of activity during 2001, the benchmark year.

    Source: NAR Research

  • The existing-home sales rate for March was 5.1 million. Also, business confidence numbers.

  • The first quarter ended with decent home sales activity, but the rest of the year should be even better. Here's why.

  • Businesses are finally showing signs they're ready to spend. They're sitting on profits, exports are up, and the stock market has made a nice recovery from a low point in 2009.

  • Existing Home Sales Rate for February: 4.9 million. This is a seasonally adjusted annual rate, which is the actual rate of sales for the month, multiplied by 12 and adjusted for seasonal sales differences.

  • Thanks to population growth, the number of home owning households in our country normally rises by about 1 million each year. But economic conditions will sometimes throw a hurdle in the way of that.

  • Despite concerns about the negative long-term effects of federal stimulus efforts - including the impact they will have on the country's huge budget deficit - the U.S. government continues to take action to help spur the economy.