Al Norman's Blog

New York Federal Reserve Bank President William Dudley spoke in New York today saying that he feels that economic growth will rebound, which would warrant raising short term interest rates in 2015. The first quarter of 2015 saw growth slow in the first three months of the year, with the harsh wea...

The big freeze that gripped the housing markets in February thawed out a bit in March as construction on new homes edged higher, but were below expectations. The Commerce Department reported that Housing Starts rose 2% from February to March to an annual rate of 926,000, below the 1.045 million e...

The percentage of cash sales to purchase homes has been declining in the past four years. Cash sales made up nearly 39% of total sales in January 2015, down 41.4% since January 2014. Since January 2013, the year-over-year percentage has declined each month as January 2015 was the 25th consecutive...