U.S. third-quarter productivity gain left at 3%

  • December 6, 2017
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  • realestate

The increase in productivity of American firms and workers was unchanged at 3% in the third quarter under the government’s first do-over of its original report. Economists had expected productivity to be reset at 3.3%.

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Private sector adds healthy 190,000 jobs in November, ADP says

  • December 6, 2017
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  • realestate

Private-sector employment slowed down in November, as employers added 190,000 jobs Automatic Data Processing Inc. reported Wednesday. Economists had expected an increase of 180,000 private jobs, compared with October estimate of a gain of 235,000.

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ISM non-manufacturing index lower

  • December 5, 2017
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  • realestate

Economists polled expected non-manufacturing economic activity to shrink slightly in November. The number hit 57.4 in November, vs. 59 estimate

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Best way to avoid yield curve inversion would be Fed to stand pat, Bullard says

  • December 1, 2017
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  • realestate

The best way to avoid a possible inversion of the bond market yield curve would be for the Federal Reserve to be cautious about raising the policy rate during 2018, St. Louis Fed President James Bullard said Friday in a speech in Little Rock, Ark. The yield curve has gotten considerably flatter under Fed Chairwoman

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Consumers keep on spending in October, aided by rising incomes and low inflation

  • November 30, 2017
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  • realestate

Consumer spending rose a steady 0.3% in October following a nearly 1% gain in the prior month that was the largest in eight years. Economists polled had forecast a 0.2% increase. Personal income rose 0.4% for the second month in a row. The savings rate, meanwhile, edged up to 3.2% from 3%. Savings had fallen

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Pending-home sales pop in October, snapping three-month losing streak

  • November 29, 2017
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  • realestate

Pending-home sales jumped 3.5% in October, but remained 0.6% lower than a year ago, the National Association of Realtors said Wednesday. The pending-home sales index tracks real estate transactions in which a contract has been signed, but the deal has not yet been closed. Economists surveyed had forecast a 1% increase for the index in

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U.S. third-quarter GDP raised to 3.3%, fastest economic growth in three years

  • November 29, 2017
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  • realestate

The U.S. economy’s pace of growth in the third quarter was raised to 3.3% from 3% under the government’s latest revision to gross domestic product. How good is that? It’s the fastest spurt of U.S. growth in three years. More good news: Adjusted pretax corporate profits rose 4.3% to an annualized $2.22 trillion, marking the

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New Lending Limits Announced for 2018

  • December 1, 2017
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  • realestate

Washington, D.C. – The Federal Housing Finance Agency (FHFA) today announced the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2018. In most of the U.S., the 2018 maximum conforming loan limit for one-unit properties will be $453,100, an increase from $424,100 in 2017. Fannie Mae and Freddie Mac

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Feeling good! Consumer confidence hits 17-year high

  • November 28, 2017
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  • realestate

Consumer confidence surged yet again in November, with the index jumping to 129.5 from 125.9 in October, the Conference Board said Tuesday. That’s the highest reading since November 2000 and easily exceeded the 124.8 forecast of economists polled had forecast a reading of 124.8.

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House prices rise at fastest pace since June 2014, Case-Shiller says

  • November 28, 2017
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  • realestate

The S&P/Case-Shiller national index rose a seasonally adjusted 0.7% during the three-month period ending in September, and was up 6.2% compared to the same period a year ago. The 20-city index rose a seasonally adjusted 0.5% for the month and 6.2% for the year.

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