Car loans reach $1 trillion for the first time. (Note: About $9 billion of those loans are 60 or more days past due.)
If the U.S. economy were a car on a highway, it would be cruising in the middle lane.
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2% in October on a seasonally adjusted basis. Over the last 12 months, the all items index increased 0.2% (before seasonal adjustment). The energy index, which declined 4.7% in September, rose 0.3% in October.
Excellent news on the national mortgage market
A panel of real estate experts says real estate market fundamentals are strong.
Analysts at the National Association of Realtors annual convention say the housing sector will be a positive contributor to the U.S. economy in 2016.
Personal income grew in 2014 in 2,662 counties, fell in 438, and was unchanged in 13, according to estimates released this week by the U.S. Bureau of Economic Analysis (BEA). On average, personal income rose 4.6% in 2014 in the metropolitan portion of the United States and rose 3.2% in the nonmetropolitan portion. Here’s the BEA’s growth map:
[VIDEO] The closest any of us will ever get to flying as a Blue Angel.