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Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues
The 2012 Housing Market: Bouncing Back

IS HOUSING JUST RIGHT, OR TOO HOT?
updated 05/17/13 12:36 PM
Economist Looks at 'Bubble' Talk
The “story of the year” in 2012 in California and Nevada was the housing market recovery, one that continued in the first quarter of 2013. Median prices surged by roughly 20 percent last year—a rise that was fueled by extraordinary demand by investors.

The confluence of Wall Street-type money managers and record low interest rates have caused some behaviors that are characteristic of a “bubble” market. Primarily, multiple offers on homes in many areas have become the rule rather than the exception. As buyers have seen the supply of homes on the market dwindle, they've been aggressive in bidding above asking prices.

Should we worry about a bubble?

Click here to continue reading Dwight Johnston's Economic Perspective column on page 16 within the April/May edition of Credit Union Digest!

 
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HIKE THE HILL: A 'PRODUCTIVE' TRIP updated 09/23/14 01:41 PM
Leagues Host Meetings With Lawmakers
Dozens of meetings transpired between policymakers and credit union leaders from California and Nevada during the autumn “Hike the Hill” in Washington, D.C. last week—a period which also happened to be the last regular congressional session.

CUs MEET WITH NCUA, CFPB OFFICIALS updated 09/22/14 04:20 PM
Leaders Encouraged by Visits
California and Nevada credit union leaders were encouraged by visits with two National Credit Union Administration (NCUA) board members and officials from the Consumer Financial Protection Bureau (CFPB) last week during the industry’s annual “Hike the Hill” visit in Washington, D.C., which focused on meeting with regulators and legislators alike.

2Q CU PERFORMANCE REPORTS PUBLISHED updated 09/18/14 12:29 PM
California and Nevada Snapshot
The second-quarter 2014 Credit Union Quarterly Performance Reports for California and Nevada have been published by the California and Nevada Credit Union Leagues.

EXPERTS GIVE STRATEGIC ADVICE updated 09/18/14 11:26 AM
Your Problem: Solved
Risk-based pricing (compliance), creating an operational plan (strategic planning), and making a solid value proposition (marketing) are all highlighted within the latest “Problem? Solved!” column in Credit Union Digest.