In the News The largest economic headline maker was the massive selloff in the markets last week. A large unloading of stocks that started in Europe on Thursday intensified in the United Statesin the wake of the budget agreement that was struck by Congress and signed into law by President Obama on Tuesday. At the [...]
Economic Update for the Week of August 1, 2011
In the News Last week started off with news that consumer confidence had rebounded in July. The Conference Board’s Consumer Confidence Index, which had dropped in June, increased to 59.5 for July (1985=100), up from June’s 57.6; however, consumer sentiments for the month were a mixed bag. The Present Situation Index, how consumers feel [...]
Economic Forcast for the week of July 25,2011
In the News Last week presented a mixed bag of real estate news with a dip in existing home sales for June, but increased activity in new home permits and construction. Starting with existing homes, sales of single-family houses, townhomes, condominiums and co-ops dropped 0.8 percent in June to an annual rate of 4.77 million [...]