Report: Housing 15 Percent of GDP Growth in Longest Economic Expansion Ever
Growth in home prices contributed around 15 percent of the growth in America’s GDP during what is now the longest economic expansion in the country’s history.
Trump Plan for Fewer Home Appraisals Could Make for Riskier Mortgages
The Trump administration wants to eliminate professional appraisals on a large number of home sale transactions – a move that critics say could push the country back toward the see-no-evil days of mortgage lending that preceded the housing crash.
U.S. Trade Deficit with China Costs State 100K Jobs
Massachusetts is among the states hardest hit by the United States’ trade deficit with China, which has grown by $100 billion since the Great Recession and has stripped nearly 100,000 jobs from the state, according to a new study.
Americans’ Credit Scores Hit Record High
Millions of Americans have a new record high average FICO score, and that’s positive news for homebuyers, sellers, lenders and the economy overall.
Optimism About National Economy Lifts Biz Confidence
The eight-and-a-half year run during which Massachusetts employers were more bullish about the state economy than the U.S. economy ended in August and analysts said the change says more about the national economy.
CardHub Study: Americans Racked Up $32B In Credit Card Debt In Q2
Although American consumers paid down nearly $35...
