Author Archive

The Latest on Consumer Inflation

Lower gasoline prices are contributing to low overall consumer price inflation.  Low inflation in turn means interest rates can continue to remain at rock bottom rates.  However, one weighty component in consumer prices shows an accelerating trend:  namely, rents...

Home Builder Confidence

Home builders are expressing optimism for better days ahead.  They are partly right.  But their recent roaring confidence could be a bit misleading. The home builder confidence index reached its second highest monthly reading in nine years.  The latest...

The Global Economic Slowdown and the Impact on the U.S. Economy

The U.S. trade deficit will widen in the upcoming months and thereby trigger a slowdown in the U.S. economy.  Why? Japan has officially fallen into a recession with two straight quarters of economic contraction.  Eurozone economies are barely hovering...

Consumer and REALTOR® Confidence

Consumers are becoming ever more confident in the economy.  Continuing job gains, lower gasoline prices, and rising home values are likely contributing to the sentiment.  Interesting though, that REALTORS® were feeling less optimistic in the past month. The latest...

Mortgage Performance of Veteran Loans

Mortgages backed by the Veterans Affairs have generally performed better than other mortgage products, even though VA loans require no down payment. In the most recent quarter, the percentage of mortgages going into foreclosure for VA loans was 0.3...