Monthly Archives: July 2010

The news was different in North Carolina

Sales of new homes collapsed in May, sinking 33 percent to the lowest level on record as potential buyers stopped shopping for homes once they could no longer receive government tax credits. However, the news was different in North Carolina, … Continue reading

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Commerce Department June housing starts, building permits

REUTERS FORECASTS * The forecast is for a drop of about 2.2 percent in U.S. housing starts to a seasonally adjusted annual rate of 580,000 units in June from 593,000 units the previous month. Forecasts from 70 economists ranged from … Continue reading

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Raleigh housing market ranks first

Raleigh housing market ranks first By STAFF WRITER DAVID BRACKEN The Triangle has received more affirmation that it is better-positioned than most regions to emerge quickly from this recession. Hanley Wood Market Intelligence, a California research firm, has ranked the … Continue reading

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very little improvement

We will see “very little improvement” with new home construction and new home sales in the months ahead. So says Mark Vitner, senior economist at Wells Fargo. He tells MarketWatch News Break that almost all housing numbers will go in … Continue reading

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Three housing related reports will be released this week

Three housing related reports will be released this week: the NAHB builder confidence survey on Monday, housing starts on Tuesday, and existing home sales on Thursday. Fed Chairman Bernanke will report to the Senate and House on Wednesday and Thursday, … Continue reading

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“There’s no fear of inflation. The bigger fear is deflation.”

The combination of the lowest U.S. inflation rate in four decades and continuing concerns that the global recovery will falter is boosting bonds even as yields on 10-year notes fall below 3 percent, the lowest since April 2009. The surge … Continue reading

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report card on the real estate

With that in mind, and knowing that the long-term market trend will ultimately reflect long-term economic data (in spite of the recent volatility), here’s the latest report card on the real estate market’s numbers from this week – sans starts and permits – … Continue reading

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employment depression?

The depth and duration of job losses in the current recession is much beyond any other recession of the past 60 years. If the others are called employment recessions, this should be called an employment depression. John Lounsbury

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Are We Still in Recession?

Why hasn’t the NBER dated the end of the recession for 2Q or 3Q 2009? Could it be that they think it possible the recession is continuing? Later I read an interesting piece at Calculated Risk that concludes it is possible … Continue reading

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“Tech Developer’s Survey Finds Lenders Expect Surge in Online Mortgage Volume”

“18% of mortgage lenders offer so-called ’smart’ Web-based mortgage application services. The survey defines ’smart’ software products as those that are interactive mortgage-application systems that are a fully transactional, Web-based solution that intelligently guides borrowers through the application, adjusting the … Continue reading

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