Dees Stribling
Economy Watch: Manufacturing Sector, Economy Worsen; Home Prices Climb
The manufacturing sector is running out of steam as demand from other countries slows down.
The nation’s state of uncertainty has worsened the economy, increasing the unemployment rate since the start of the financial crisis four years ago.
Residential property values increased in the month of August.
Economy Watch: QE3 Arrives; Foreclosures Mostly Stagnant
The economic stimulus has finally arrived, but with a different set of rules than last time. Foreclosure filings remain unchanged, save for a few states that ranked higher than others.
Economy Watch: German High Court OKs Euro-Zone Bailout; Underwater Mortgages Dip
Germany’s supreme constitutional court gave the green light for the country to participate in the proposed European bailout of countries that need it most. On the national end, the percentage of underwater mortgages dropped in the second quarter.
Economy Watch: Investors Wait on Word from ECB; Labor Productivity, Residential Asking Prices Rise
Investors are waiting to hear from the ECB on its plan to “save the euro.” American worker productivity continues to improve. And the housing market is showing signs of recovery as asking prices on for-sale homes have increased.
Economy Watch: Homes Prices Surge; ISM Manufacturing, Construction Spending Indexes Fall
Home prices nationwide have increased in July. The ISM Manufacturing Index has slightly dropped in August. The national construction spending has also dropped in the month of July.
Economy Watch: Beige Book Sees Housing as Bright Spot; Pending Home Sales, 2Q GDP Rise
The Beige Book states that the American economy has been gradually growing. According to the NAR, pending home sales have risen. And the American second-quarter GDP is up.
First Potomac Sells DC Office Development JV Interest for $43.7M
First Potomac Realty Trust has sold its 95 percent interest in 1200 17th St. to a Japanese buyer acting through its American subsidiary.
Economy Watch: Home Prices Rise During 2Q12; Consumer Confidence Drops; No Construction Jobs in Gotham
U.S. home prices have risen across the board. Consumer confidence dwindles in the month of August. And construction jobs in metro areas are nearly non-existent.
Economy Watch: Existing Home Sales Up; CBO Warns Congress; FOMC Hints at QE3
Homes sales grew. The CBO warns Congress that if it doesn’t act fast in preventing budget cuts and tax hikes, another recession is in the cards. The FOMC hints that it might be triggering another stimulus.
Economy Watch: Euro Rumors Move Euro Market; More GSE Rules; Philly Coincident Indexes Weak
Rumor has it that ECB will begin buying bonds of the currency bloc’s weaker nations to prevent a zone meltdown. FHFA presented more new guidelines changing how business is done in terms of Fannie and Freddie loans. Philly’s Coincident Indexes remain not particularly strong.