Articles Tagged with ''Mark Zandi''

U.S. economy smashes record for longest expansion

The caveat: the longest expansion has also been the smallest
America’s economic expansion is now the longest on record after celebrating its 10th birthday on July 1. There’s a caveat: it has also been slowest and the smallest. Skeptics point to the tax-cut boost as being a sugar rush that mainly benefited the nation’s corporations and its wealthiest citizens. There are signs the buzz is wearing off.
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Wondering why low mortgage rates haven't goosed the housing market? Here's the answer

American household income fell in May, washing out the effect of low rates
You can't get a mortgage if you don't have enough income to cover the payments. American household income fell in May, even with the unemployment rate at the lowest level in almost 50 years. Stagnant or even falling wages are making it tougher for Americans to buy homes as prices continue to rise, said Robert Dietz, chief economist for the National Association of Home Builders. That explains why cheap rates haven't goosed the housing market, he said.
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ADP: Economy adds 227,000 jobs in October

Construction jobs continue to rise
U.S. employment rates climbed further, rising in every sector in October, according to the ADP and Moody's Analytics National Employment Report. ADP Research Institute Vice President and Co-Head Ahu Yildirmaz said despite a significant shortage in skilled talent, the labor market continues to grow.
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ADP: Employment increases 230,000 jobs in September

Construction jobs are on the rise
U.S. employment rates continue to climb, increasing in nearly every sector in September, according to the ADP and Moody's Analytics National Employment Report. ADP Research Institute Vice President and Co-Head Ahu Yildirmaz said the labor market continues to impress.
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ADP June employment increase beats expectations

Employment hits 281,000
"The job market is steadily improving. Job gains are broad based across all industries and company sizes. Judging from the job market, the economic recovery remains fully intact and is gaining momentum,” Mark Zandi, chief economist of Moody’s Analytics, said.
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Zandi: Mortgage credit is anecdotally easing

Bringing back private capital will be a delicate balancing act
ABS East panelist: Pulling the government back prematurely will not reduce market share, it will reduce the market. "You'll end up with a market where you'll have to put 30% down."
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Housing finance reform remains a hurdle for Capitol Hill

Zandi: Since GSE takeover nothing meaningful has changed
The U.S. Senate Committee on Banking, Housing and Urban Affairs held an open hearing Thursday to push forward with housing finance reform. The only problem is while most lawmakers know it's needed, a comprehensive, linear and widely accepted solution has yet to gain major traction in Congress.
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