Lots of info packed into last week's video from National Association of Realtors Chief Economist Lawrence Yun. He covers the continued uptick of pending home sales in June and the dissappointing closing results following a similar uptick in May. Yun also covers the impact the gridlock in Washington has had on the economy and real estate markets and the threat of rising interest rates caused by the debt-ceiling impasse. Even though it looks tonight like that impasse is resolved, interest rates … [Read more...] about Buyers Signing Contracts but Closings are Few
debt ceiling
Gosar Votes Against Raising Debt Ceiling
U.S. Congressman Paul Gosar, DDS (AZ-01) released the follow statement after his no vote on H.R. 1954—To implement the President’s request to increase the statutory limit on the public debt. “I was sent to Washington by my constituents with the instructions to rein in federal spending and stop the growth of the deficit. With that in mind, I voted against the bill to raise the debt ceiling. This vote was an important step in our fight to restore fiscal sanity. Earlier this year, the … [Read more...] about Gosar Votes Against Raising Debt Ceiling
