Freddie Mac: Here are the top 5 improving metro markets for housing

The Census Bureau is cooking the new home sales numbers

You can’t make bricks with imaginary straw

The 12 hottest housing markets right now

And the biggest losers in the price growth race
W S
Lending / The Ticker

Second-quarter GDP grows from initial estimate

medical and money
/ Print / Reprints /
| Share More
/ Text Size+

According to Reuters, the U.S. economy is growing at a faster clip, with gross domestic product increasing to a 2.5% annual rate for the second quarter. While this bolsters the case for winding down Fed intervention, unemployment remains stubbornly high. Reuters has more:

The report could boost confidence that the economy is turning a corner despite government austerity measures. At the same time, a full recovery from the 2007-09 recession is probably years away as the U.S. jobless rate remains historically high at 7.4%.

Still, the data could make officials at the U.S. central bank more confident in their plan to begin reducing monthly bond purchases later this year. The program has reduced borrowing costs and helped spark a recovery in the nation's housing market, which collapsed during the recession

Source: Reuters
Read full story
Comments powered by Disqus