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The number of Americans filing for first time unemployment benefits fell to a 15-year low in the latest week, signaling that the downtick in March was just a one-time event. Weekly Initial Jobless Claims fell by 34K to 262,000 versus the 290,000 expected. The 262,000 was the lowest level since Ap...
Harsh weather coupled with the West coast port strike earlier in the year put a big dent in economic growth in the first quarter of 2015. Throw in a strong dollar and it equaled just a 0.2% rise in Gross Domestic Product (GDP). The 0.2% was far below the 2.2% recorded in the fourth quarter of 201...
Single-family home prices rose across the nation with a big concentration led by the West, as reported by the Case Shiller 20-city Index. On a year-over-year basis, prices rose 5.0% from February 2014 through February 2015, the fastest growth in six months, and above the 4.7% expected. From Janua...
The analytics and data division of Black Knight Financial Services reported on Monday that home prices rose by 0.7% from January to February, the largest monthly increase since June 2014. Within the report it showed that home prices in three of the nation's 20 largest states (Colorado, New York a...
Radian Group Inc. is rolling out a new type of insurance, which is also an industry first: a policy to provide relief if a borrower loses their job. The company will be offering such a policy to those borrowers who put down less than 5% of the price of their homes. The policy will pay up to as ma...
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In stark contrast to yesterday's robust March Existing Home Sales report, the Commerce Department reported that March New Home Sales declined by 11.4% from February to an annual rate of 481,000. The March rate was below the 520,000 that was expected and was the biggest drop in more than 1 1/2 yea...
Positive housing news hit the wires today by way of March Existing Home Sales, as reported by the National Association of REALTORS®. Sales rose by 6.1% in March from February to an annual rate of 5.19 million units, well above the 5.05 million expected. It was the largest monthly increase since D...
The National Association for Business Economics reported this week that U.S. businesses expect sales to rebound anticipate hiring more workers in 2015. The first quarter of 2015 was a struggle for business owners, but they now feel that sales will ramp up in the next three months, according to a ...
New York Federal Reserve Bank President William Dudley spoke in New York today saying that he feels that economic growth will rebound, which would warrant raising short term interest rates in 2015. The first quarter of 2015 saw growth slow in the first three months of the year, with the harsh wea...

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