Moody’s Analytics, chief economist, Mark Zandi, is saying he believes that unlike the last recession, a dozen years ago, lenders […]
News in end use
Nonfarm Payroll Employment Declines Sharply in March
The Bureau of Labor Statistic has released it Employment Situation Summary for March 2020. The summary is reporting that total […]
30-Year Fixed Mortgage Rate Moves Lower
Freddie Mac has released its Primary Mortgage Market Survey (PMMS) for the week ending April 2nd, 2020. The PMMS shows […]
Mortgage Rates Dip in March
Mortgage rates decreased on a monthly basis, according to information complied by Freddie Mac. As of March 27th, the 30-year […]
Jobless Claims Soar by 6.6 Million for Week Ending March 27th 2020
The U.S. Labor Department is reporting that unemployment claims hit a new record for the week ending March 27th, 2020. […]
Construction Spending Up Year-Over-Year in February
The U.S. Census Bureau has announced that construction spending during February 2020 was estimated at a seasonally adjusted annual rate […]
Bay Area Under Stricter Stay-at-Home Rules
In the hopes of limiting the further spread of the COVID-19 virus, the City of Berkley, along with the surrounding […]
Mortgage Applications Decline in Week Ending March 27th 2020
According to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Application Survey, for the week ending March 27th 2020, the […]
COVID-19 Pandemic is Changing How Houses are Bought and Sold
The sale of real estate property was already in the process of evolving when the COVID-19 pandemic struck. Making both […]
Consumer Confidence Drops in March as COVID-19 Cases Increase
The Conference Board has reported that its consumer confidence index dropped from 132.6 in February to 120 in March. As […]