Housing upturn and jobless claims bolster economy
July existing home sales rose 2.4 percent to an annual rate of 5.15 million, the highest since September and four straight monthly gains. Initial unemployment claims fell by 14 thousand to 298,000 for the week ending August 16, while the four week average rose to 300,750 signaling ongoing labor market strength.
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Commodities lineup for weekend market chat
The Gazette promotes a weekly feature titled Back to the Futures hosted at TheGazette.com B380. It offers a quick discussion of the week’s grain livestock gasoline prices and other market topics.
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Housing Mortgage Delinquency and Foreclosures Fall in Iowa Cities
CoreLogic reports June 2014 foreclosure rates in Cedar Rapids and Iowa City lower than June 2013. Cedar Rapids foreclosures at 1.08 percent down from 1.8. delinquencies at 2.75 percent vs 3.18. Iowa City foreclosures at 0.57 percent down from 0.92. delinquencies at 1.45 vs 1.74.
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