Fed Adds Liquidity and Economy Avoids Recession
May 16, 2008
Bloomberg.com is reporting that the Fed is feeding the US financial systems with more than $150 billion in cash to ensure the economy does not fall into a recession.
Will Upgrading Your Home Help You Sell It?
May 16, 2008
If you’re thinking of selling your home soon, will you recoup all the costs you’ve spent on remodeling?
Are Mortgage Rates Really Near Historic Lows?
May 16, 2008
Are mortgage rates really near or at historic lows, as you’ve probably heard numerous times the past several months? The answer is yes, and they probably won’t stay low forever.
Rise in Housing Starts Unlikely to Begin a New Trend
May 16, 2008
Brian Bethune, chief U.S. financial economist at Global Insight, said
the decline in single-family starts “certainly makes sense given the
level of inventory, but the other numbers are
puzzling.”
Housing Starts Take a Small but Encouraging Jump in April
May 16, 2008
The rate of housing starts during April was 8.2
percent higher than in March. April’s rate was 1,032,000 and the revised
March estimate was 954,000. The April figure, however, is 30.6 percent
lower than the revised April 2007 rate of 1,487,000.
Consumer Sentiment Unaffected by Tax Rebates
May 16, 2008
The first monthly reading for consumer confidence in May failed to
show any improvement despite the beginning of the fiscal stimulus
tax rebates, economists say. The preliminary consumer sentiment
survey from Reuters and the University of Michigan tumbled beyond the
previous month’s 26-year low, falling to 59.5 from April’s 62.6.