|Dwight Johnston, Vice President and Chief Economist for the California and Nevada Credit Union Leagues|
HOUSING: NOT TOO HOT, NOT TOO COLD
updated 10/25/13 11:45 AM
Stable Market in Sight
The housing markets in California and Nevada have been raging for more than a year. Prices and sales languished for almost three years after the economic recovery began and the confidence factor kept buyers at bay.
But that changed last year when big investment money started flowing into housing. Several multi-billion dollar and slightly smaller funds sprang up out of nowhere.
The tidal wave of money from Wall Street became caused something to snap on the part of would-be homebuyers. Not only did buyers find a reason to be confident that home prices have bottomed, they finally discovered the power of low mortgage rates.
However, homebuyers found a competitive market instead of a market awash with homes begging for purchasers. The abundant supply of homes had vanished. The market went from ice cold to boiling hot in a matter of a few short months.
YOUTH FLOCK TO FIN. LITERACY EVENTS updated
04/22/14 12:07 PM
CUs Catch the 'Save Wave'
Credit unions in California and Nevada are celebrating National Financial Literacy Month and National Credit Union Youth Week™ (April 22-27) with a number of programs and events.
CO-OP SUPPORTS 'SHOP FOR MIRACLES' updated
04/22/14 11:02 AM
Fundraising Program for CMN
CO-OP Financial Services is supporting Shop for Miracles—a one-day charitable program to raise funds for Children’s Miracle Network (CMN) Hospitals—through its Miracle Match Program.
JOBS, WAGES, CONFIDENCE: THE FUTURE updated
04/21/14 12:56 PM
Silver Linings for CA, NV
People borrow money for many purposes. Buying a home, remodeling, purchasing a new car, vacations, and weddings come to mind.
CFPB RELEASES DISCLOSURE FORM GUIDE updated
04/21/14 10:25 AM
Also, CA Unclaimed Property Program
The Consumer Financial Protection Bureau (CFPB) has released a guide to completing TILA-RESPA Integrated Disclosure Forms—a companion to the small Entity Compliance Guide the bureau recently released.