Dominating last week’s financial news was a precipitous plunge in sales of both new and existing homes for the month of July. Sales of existing single-family homes, townhomes, condominiums and co-ops during July dropped a shocking 27.2 percent to a seasonally adjusted annual rate of 3.83 million units, down from June’s downwardly revised rate [...]
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My experience will produce results for you. I am a licensed loan originator in the State of Washington. I have been in the mortgage lending business for over 12 years. ...
Economic Roundup Week of August 23, 2010
Topping last week’s financial news was the increase in unemployment claims. The Department of Labor reported that for the week ending August 14, the advance figure for seasonally adjusted initial claims for unemployment insurance was 500,000, a disappointing increase of 12,000 claims from the previous week’s revised figure of 488,000. This was the highest that [...]
Economic Roundup August 16 2010
U.S. productivity fell for the first time in a year during the second quarter of 2010, the Bureau of Labor Statistics reported last week. Productivity for non-farm businesses decreased at an annual rate of 0.9 percent during the second quarter, with hours rising 3.6 percent, while output rose only 2.6 percent. The 0.9 percent [...]