Economic News

Mortgage application volume up, fueled by new home purchases

Mortgage application volume, used to gauge market interest and willingness to purchase, rose this week, pointing to a potentially healthier spring for real estate sales.

Unemployment claims in U.S. drop to five-year low

Unemployment claims may be only one piece of the employment picture, but after years of a horrible economy, Americans are clinging to hopeful signs emerging.

Builder confidence unchanged in January: good news or bad?

Builder confidence did not rise, and did not fall, so is this good news or bad news for housing? The National Association of Home Builders offers data that will explain.

Mortgage application volume surges in second week of 2013

Mortgage application volume in the second week of the year jumped, led by new mortgage applications, a healthy sign for housing and buyer interest.

Retail sales improve in December, still fall short of expectations

Retail sales looked fine in December, but the holiday shopping season wasn't as good as most had expected it would be, fueled primarily by economic uncertainty.

Could a trillion dollar coin solve the debt ceiling crisis?

Because of a loophole in minting laws, rumors began swirling that a trillion dollar coin would be minted to solve the debt crisis - is it true? Will it happen?

Housing affordability is high, but qualifying for a mortgage still tough

The National Association of Realtors reports good housing affordability conditions, but notes lending conditions remain tight, calling for "a more sensible lending environment."

Mortgage application volume jumps in first week of 2013

Even accounting for the holidays, mortgage application volume rose substantially in the first week of the year, and while many readings are below pre-holiday levels, they are up compared to this time last year.