Looking back, the housing industry is totally Scrooged

Looking back, the housing industry is totally Scrooged

Here's the HousingWire/Star Wars Christmas 2014 special

FHA loans could face "tidal wave of defaults"

All indices hit series high

Another mortgage lender launches 3% down loan

Falls in line with FHFA
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Lending / The Ticker

GDP remains unchanged

frozen money
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According to Reuters, the U.S. government left its estimate for economic growth in the second quarter unchanged, while prices for goods and services purchased by U.S. households fell for the first time in four years.

The Commerce Department said on Thursday gross domestic product expanded at a 2.5 percent annual rate in the April-June period.

Also in the report, the department said its price index for consumer purchases, which is the Federal Reserve's preferred gauge of inflation, fell at a 0.1 percent rate.

That is a worrisome sign for the national economy because it suggests businesses have little leverage to raise prices.

Source: Reuters
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