In its “The Economy Next Week” report published Friday, Nomura’s analysts predict that the U.S. gross domestic product will grow 1.5% year-over-year in 2014 and will more than double that growth (3.1%) in 2015.
Economists with the California Association of Realtors were thrown a challenging question: what would happen if the government shutdown continues for longer than anticipated? C.A.R.'s answer put simply: the housing recovery would take a critical hit.
The U.S. government left its estimate for economic growth in the second quarter unchanged this week. Meanwhile, prices for goods and services purchased by U.S. households fell for the first time in four years.
The U.S. economy is moving along at a faster pace, with gross domestic product growing at a 2.5% annual rate for the second quarter. While this makes a stronger case for winding down QE, unemployment remains stubbornly high.
“Nearly every part of the real estate process has been transformed by technology except for home financing. Getting a mortgage is still manual, frustrating and confusing,” said Nick Stamos, CEO and founder of Sindeo..
Legacy insurers are headed toward solid ground, with some experiencing their first full year of profitability since the housing crash. New entrants, meanwhile, are raising capital, entering the fray and gaining market share. Read More
First, I’m not suggesting totally yanking FICO or Vantage Scores or anything like that. What I am recommending is the adoption of other models that would equally, or even more effectively, determine who can repay a loan. Read More