|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?
MAGIC JOHNSON: REACH FOR NEW HEIGHTS updated
10/21/14 07:20 AM
Delivers Riveting AMC Message
REACH 2014 keynote speaker Earvin "Magic" Johnson challenged leaders attending the California and Nevada Credit Union Leagues’ Annual Meeting and Convention on Tuesday morning to elevate their credit unions to the next level, take their egos out of the game, and "join the team."
PAC GOLF TOURNAMENT RAISES 32k updated
10/21/14 07:08 AM
First Day at Leagues' Convention
More than 80 credit union executives and industry vendors played in the 2014 PAC Golf Tournament on Monday morning at the Mountain Gate Country Club, raising $32,000 for the California Credit Union League’s Political Action Committee (PAC).
CA LEADERS MEET WITH CFPB OFFICIAL updated
10/17/14 10:31 PM
An 'Extremely Worthwhile' Discussion
Nearly 15 credit union leaders recently met at California Coast CU in San Diego with Jennifer Stockett, senior advisor for the office of financial institutions and business liaison at the Consumer Financial Protection Bureau (CFPB).