Why Is the Homeownership Rate Still Falling? An alternative explanation.

When it comes to loan rates, the one that concerns the most regular consumers is the mortgage loan interest rate. This past February 2016 a 30-year mortgage interest rate averaged 3.66 percent accordingly to Freddie Mac, whereas the homeownership stubbornly kept its 63 percent level. So, with the mortgage interest rates averaging 3.53 percent (15-year … Continue reading Why Is the Homeownership Rate Still Falling? An alternative explanation.

Is the Google search term “Dollar Rate” an useful predictor for economic crisis?

Economic conditions in the United States are so unchanging that economists started to explore global conditions as potential threats to its economy. Without ruling out financial institutions altogether, economists are confident current regulation will keep turbulence away. Also, the household sector appears solid for many analysts while fiscal issues seem not to alarm anybody. Nevertheless, … Continue reading Is the Google search term “Dollar Rate” an useful predictor for economic crisis?

Despite job losses, New Jersey’s labor market looks vibrant rather than sclerotic.

Regional and State statistics on employment and unemployment for the month of July 2015 looked motionless for the great majority of States in terms of over-the-month changes. Over-the-year though, nonfarm employment increased in 47 states and deceased in 2. In terms of employment levels, the greatest over-the-month increases were seen in California (+80,700), Texas (+31,400) … Continue reading Despite job losses, New Jersey’s labor market looks vibrant rather than sclerotic.

241,000 jobs added to US Economy in December 2014: ADP.

Apparently, the US economy follows its way into a strong recovery. Employment level closed 2014 with an increase of roughly 241,000 jobs compared to November 2014. New employees went to work mostly for small businesses, which added 106,000 jobs to the economy. Medium businesses added roughly 70,000 whereas large businesses only 60,000. There have not … Continue reading 241,000 jobs added to US Economy in December 2014: ADP.

Housing building fatigue: an alternative interpretation of the origin of the Great Recession.

Economists have pointed out three contributing factors for the Great Recession. All of them closely related to the financial and banking system: Leverage, complexity, and liquidity (Blanchard, 2013). In this article, we try to advance an alternative interpretation of the origin of the Great Recession by looking at the housing market and to its links … Continue reading Housing building fatigue: an alternative interpretation of the origin of the Great Recession.