Although the housing sector hasn't been experiencing the expected growths in prices, global U.S. economic growth is still accelerating at an accelerated rate. The second quarter has brought a decline in output over the last period that wasn't as steep as economists had expected it. The Commerce Department reported on Wednesday that gross domestic product had expanded at a 4% annual rate and … [Read more...]
House Prices Still Not Growing Fast Enough
It’s sadly still not probable that the housing sector will become a strong economic growth influence in the U.S. as a new report on Tuesday showed that growths in home prices are lower than expected. According to the S&P/Case-Shiller Home Price Index Survey, conducted in 20 cities, house prices showed a mere 9.3 increase in May compared to last year. This might seem like a decent number … [Read more...]