After reaching the highest level in over six years, pending home sales declined in June, with rising mortgage interest rates beginning to impact the market. The Pending Home Sales Index, a forward-looking indicator based on contract signings, edged … [Read more...]
GDP Forecast
With the exception of the strong housing market recovery, the broad U.S. economy continues to underperform. This week data on the GDP growth of 1.8 percent in the first quarter was uninspiring. The long-term historical average GDP … [Read more...]
