Category Archives: Uncategorized

U.S. pending home sales, home construction, and mortgage applications all declined significantly in May, according to newly released statistics. While the drop was expected due to an expiring federal tax-credit for home buyers, it fell at twice the expected rate … Continue reading →

Part of the economy is the real estate market. So anything that impacts it also impacts the overall economy as well. Similarly, any events in the economy as a whole also are visible in the real estate market. In the … Continue reading →

The Commerce Department on Wednesday is expected to say new-home sales dropped 20% last month, according to economists surveyed by Dow Jones, to an annualized 400,000 units. That would largely unwind sharp gains recorded in March and April ahead of … Continue reading →

The number of new home sales in WA has slumped to its lowest level in six months, new figures show. It has prompted a lobby group to call on the state government to support more housing construction. The Housing Industry … Continue reading →

Home sales in the Myrtle Beach area increased by 48 percent in the first quarter of 2010, and rose 45 percent between April 2009 and April 2010, according to a report by the Coastal Carolinas Association of Realtors.

Sales of new homes surged 27 percent last month, bouncing off the previous month’s record low and blowing past expectations as government incentives and better weather boosted sales. The Commerce Department said Friday that new home sales rose in March … Continue reading →

February new home sales are expected to rebound slightly to an annual rate of 315,000 from 309,000 in January. The January figure was an all-time record low (the data goes back to 1963) and a far cry from the peak of … Continue reading →

“The economy is still on life support,” says Harris, who took over as chief North American economist at Merrill Lynch last September from David Rosenberg. “It’s a long way to go before we start thinking things are OK.”

Just as GDP rises and falls going through the business cycle, so does employment. The following graph shows employment during the past 60 years. http://seekingalpha.com/author/john-lounsbury Continue reading →