BiggerPockets Bulletin » Economy

Weak home building a drag on economic recovery

The budding economic recovery is getting little help from the home building industry, which normally creates jobs and boosts growth as a recession ends.

Tagged as: Fox News, home foreclosures, Core inflation, tax cuts, deficit spending, AP Economic Figures, business

Fannie Mae: Recession unofficially over

In declaring the recession “unofficially” over, Fannie Mae’s monthly economics and mortgage market analysis predicts the economy will achieve reasonable growth in the fourth quarter of this year.

Tagged as: fannie mae, recession

Fed Shouldn’t Try to Prick Asset ‘Bubbles’

Policy makers, while overseeing a record injection of liquidity, are debating how to respond to a future surge in asset prices after a boom in the U.S. real estate market ended in a collapse that helped trigger the worst recession since the 1930s.

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Could you be saving too much?

Personal Finance, focus-retirement

Tagged as: focus-retirement saving rate

Consumer borrowing drops $14.8B in September

Consumers borrowed less for a record eighth straight month in September amid rising unemployment and tight credit conditions. Economists worry the declines in borrowing will drag on the fledgling recovery.

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Where the Jobs Will Be in 2010

Regions across the U.S. will see job growth in the first quarter of 2010. But the growth will be sporadic and many areas will continue to lag

Tagged as: 2010 job growth

Obama signs bill assisting homebuyers, jobless

WASHINGTON (AP) -- President Barack Obama signed a $24 billion economic stimulus bill into law Friday, giving tax incentives to prospective homebuyers and additional jobless benefits

Tagged as: Obama signs bill

Personal bankruptcies climb 9% in October

The number of Americans filing personal bankruptcies surged 9% in October, and were on target for the highest annual total in four years, according to a report issued Wednesday.

Tagged as: bankruptcy, bankruptcies, personal, consumer, debt, chapter 13, Chapter 17, October, record, ABI, American Bankruptcy Institute, National Bankruptcy Research Center

Fed Keeps Rates Low

The Fed affirmed its intention to keep interest rates low for an extended period in the face of still high unemployment and low inflation but expressed growing confidence that an economic recovery is at hand.

Tagged as: interest rates low

Cheap Money CreatesWonderful Opportunity

Jeff Matthews, founder of hedge fund Ram Partners, says "cheap dollars are going to attract more money" which means U.S. "real estate is a wonderful opportunity."

Tagged as: Jeff Matthews Ram Partners

feds-path-to-higher-interest-rates-begins-to-take-shape

Interest rates rising in the future--what it could look like

Tagged as: higher interest rates

CIT Group Files for Prepackaged Bankruptcy - ABC News

CIT Group Files for Prepackaged Bankruptcy

Tagged as: business news, moneyscope, financial news, money, stock quotes, stocks, investing, abcnews, abc news, abc news online, abcnews online, online news, â , Personal Finance

Not all boom counties cough up gains in recession

RALEIGH, N.C. (AP) -- In the state capital's downtown core, $500,000 decorative street lights beam down on bustling crowds who've come to dine and play along

Tagged as: boom counties

Economy grows in 3Q, signals end of recession

WASHINGTON (AP) -- The economy grew at a 3.5 percent pace in the third quarter, the best showing in two years, fueled by government-supported spending on

Tagged as: Economy grows recession

GDP Expanded 3.5% in 3rd Quarter - WSJ.com

The U.S. economy expanded 3.5% in the third quarter, the first sign of growth in more than a year thanks to a bounce back in consumer spending, but a weak labor market is expected to keep the recovery subdued.

Tagged as: economy recession

Where jobs are: The U-haul Indicator

Las Vegas to San Antonio = $$$$$$ San Antonio to Las Vegas = $

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U.S. home prices rise 1.2% in Aug.: Case-Shiller

WASHINGTON (MarketWatch) -- The market value of U.S. homes in 20 major cities rose by 1.2% compared with July, the fourth monthly increase in a row, according to the Case-Shiller home price index released Tuesday by Standard & Poor's. In August pr...

Tagged as: case-shiller

US Recession Probably Over, But Now What?

The U.S. recession is probably over, but the debate over whether the government ought to do even more to bolster the recovery isn't.

Tagged as: recession, nationwide, economy

Banks Taking Same Risks That Led to Crisis

ECB Governing Council member Christian Noyer warned that banks are taking the same risks that led to the financial crisis.

Tagged as: nationwide, economy, financial, services, banks

Bank failures hit 106 for year; many more are weak

Bank failures hit 106 for year, the most since the Savings & Loan crisis in the early 1990s.

Tagged as: us, bank, failures