The U.S. Federal Reserve left its benchmark short-term Fed Funds Rate unchanged yesterday at the 0.375% level, which was expected. The Fed did say that it now feels that there will be two interest rate hikes in 2016, down...
The National Association of REALTORS(R) (NAR) reported on Monday that Pending Home Sales in January fell 2.5% from December. The NAR said that winter storms in parts of the country coupled with overheated home prices were the...
The number of Americans filing for first-time unemployment benefits continues to hover near lows seen in the early 1970s as the labor market continues to strengthen. As the end of the year approaches, claims tend to have a...
Planned jobs cuts by U.S. employers fell to the lowest level in more than a year in November as the labor markets continue to improve. The energy sector continues to be the worst sector due to falling oil prices. Staffing...
The National Association of REALTORS(R) (NAR) reported on Monday that Existing Home Sales in October declined 3.5% from September to an annual rate of 5.36 million units, lower than the 5.50 million expected. Year-over-year,...
Mortgage Bonds are trading flat to lower this morning, just above a key technical support level.A mixed reading from weaker than expected Housing Starts and positive Building Permits had little impact on the markets. The Fed...
Business activity in the New York State region declined for the fourth straight month in November, signaling that manufacturing activity remains weak. The New York State Index fell to 10.7 in November, below the -6.0 expected...
CoreLogic reports that distressed sales, which include real estate owned properties and short sales, made up 9.3% of total home sales in August. That figure is down 2.3% from August 2014 and down 0.4% from July 2015. In...