|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?
CUs ENGAGE LAWMAKERS ON CAPITOL HILL updated
03/03/14 12:29 PM
New Legislators Show Support
As Congress considers tax reform, data security, regulatory relief, and other vital credit union issues, this year’s 2014 Governmental Affairs Conference (GAC) in Washington D.C. was a pivotal event for credit union executives and board members who advocated face to face with legislators on behalf of their members and the movement.
LEAGUES PRESIDENT RECAPS GAC updated
02/28/14 01:41 PM
'Attendees Were Encouraged,' She Says
The highly-anticipated annual Governmental Affairs Conference (GAC) in Washington, D.C. has come to an end. From Feb. 23-26, attendees had the chance to hear from influential legislators and credit union experts on the political landscape, attend breakout sessions on the hottest issues, and network with peers.
CO-OP COMMENTS ON VISA, FIRST DATA updated
02/27/14 03:08 PM
Thinks it’s an Industry Win-Win
CO-OP Financial Services’ business partners—Visa and First Data (STAR Network)—announced an agreement to share Visa’s common debit solution offering issuers, acquirers, and merchants an approach for debit EMV chip adoption.
ROYCE: NEXT STEP FOR MBL LEGISLATION updated
02/25/14 12:37 PM
'We Still Have Work to Do'
Representative Ed Royce, R-CA, announced today during the Credit Union National Association's 2014 Governmental Affairs Conference (GAC) that he will introduce legislation giving parity for credit unions with respect to standing law for banks.