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Wells Fargo Survey Finds Employment is Top Financial Concern for U.S. Homeowners

added: 11-08-2009

A Wells Fargo & Company (NYSE:WFC) 2009 quarterly survey finds that when it comes to homes, it’s all about jobs.

China's Major Economic Indicators in July

added: 11-08-2009

In July, the total value added of the industrial enterprises above designated size was up 10.8 percent year-on-year, or 3.9 percentage points lower than that in July 2008, or 0.1 percentage point higher than that in June 2009; it was the third consecutive month which witnessed an acceleration of year-on-year growth. In the first seven months of this year, it was up 7.5 percent year-on-year, which was down by 8.6 percentage points over that in the same period of last year, or 0.5 percentage points higher than that in the first six months in 2009.

National 30-year Fixed Mortgage Rates Rise

added: 11-08-2009

The weekly average rate borrowers were quoted on Zillow Mortgage Marketplace for 30-year fixed mortgages increased last week to 5.36 percent, up from 5.26 percent the week prior, according to the Zillow Mortgage Rate Monitor, compiled by leading real estate Web site Zillow.com®. Also, rates for 15-year fixed mortgages rose to 4.69 percent from 4.62 percent, and 5-1 adjustable rate mortgages rose to 4.28 percent, down from 4.21 the week prior.

The Conference Board Leading Economic IndexTM (LEI) for Spain Increased 0.2 Percent

added: 11-08-2009

The Conference Board Leading Economic Index™ (LEI) for Spain increased 0.2 percent. The Conference Board Coincident Economic Index™ (CEI) decreased 0.4 percent in June.

Home Values Flatten in Short Term; Yearly Declines Shrink, but High Rates of Foreclosure, Negative Equity Expected to Delay True Recovery

added: 11-08-2009

Some Markets Closer to Bottom; Bright Spots in California with Many Markets Showing Increased Sales, Several Quarters of Shrinking Home Value Declines, According to Q2 2009 Zillow® Real Estate Market Reports.

China: Operation of the National Real Estate Market from January to July

added: 11-08-2009

From January to July, the total investment in real estate development amounted to 1,772.0 billion yuan, up by 11.6 percent year-on-year, and went up 1.7 percentage points over first half year, while that of a decrease of 19.3 percentage points over same period of previous year. Of which, investment in commercial residential buildings reached 1,242.7 billion yuan, 8.2 percent of increase year-on-year, picking up 0.9 percentage points over first half year, or 25.5 percentage points dropped over same period of previous year, which occupied 70.1 percent of the investment in real estate development.

U.S. Employment Situation

added: 10-08-2009

Nonfarm payroll employment continued to decline in July (-247,000), and the unemployment rate was little changed at 9.4 percent, the U.S. Bureau of Labor Statistics reported today. The average monthly job loss for May through July (-331,000) was about half the average decline for November through April (-645,000). In July, job losses continued in many of the major industry sectors.

The Conference Board Employment Trends Index (ETI)™ Remains Unchanged in July

added: 10-08-2009

In July, The Conference Board Employment Trends Index (ETI)™ remained at the same level as the revised figures for May and June. The index stands at 88.3 and is down 20.1 percent from a year ago.

The More People Think They Know about Obama’s Health Care Reform Proposals the More They Oppose Them

added: 10-08-2009

In late January only 17% of the public claimed to know much about President Obama’s health care reform proposals. By late July, just before the president’s press conference on July 22nd, that number had more than doubled, to 36%, while fully 72% felt they knew “a lot” or “some.” The full importance of this question is that how much people feel they know about the president’s proposals are strongly correlated with opposition to them.

Employers Concerned With Employees' Retirement Preparation, According to Deloitte Study

added: 10-08-2009

As the economy continues to work its way toward a recovery, employees are taking a "wait and see" approach with their 401(k) plans, according to the 2009 401(k) Benchmarking Survey of over 600 plan sponsors conducted by Deloitte, the International Foundation of Employee Benefit Plans (IFEBP) and the International Society of Certified Employee Benefit Specialists (ISCEBS).

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