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Author Archives: Carl Fox

Carl Fox is the money and finance editor for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.

Average loan amount and monthly payment for new vehicles reach record highs

Ford car lot auto dealership car sales

Many industry pundits expect new vehicles sales to continue their downward trend. According to Experian’s State of the Automotive Finance Market Report released today, one reason for the trend may be the rise in loan amounts, monthly payments and interest rates for new vehicles. In fact, average new vehicle loan amounts and monthly payments recently hit record highs. Findings show ...

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Pending Home Sales Lose Steam in April, Decline 1.3 Percent

Home for sale

After two straight months of modest increases, pending home sales dipped in April to their third-lowest level over the past year, according to the National Association of Realtors®. All major regions saw no gain in contract activity last month. The Pending Home Sales Index,* www.nar.realtor/pending-home-sales, a forward-looking indicator based on contract signings, declined 1.3 percent to 106.4 in April from an upwardly ...

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Many Rewards Credit Card Holders Don’t Shop Around

Many consumers don’t do their research when it comes to credit cards, according to U.S. News & World Report, the global authority in rankings and consumer advice. In its most recent survey of credit card holders, U.S. News found that nearly half of respondents didn’t research their card before signing up. Further, more than 50 percent of those surveyed don’t regularly shop ...

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Private Sector Employment Increased by 178,000 Jobs in May

Private sector employment increased by 178,000 jobs from April to May according to the May ADP National Employment Report®.  Broadly distributed to the public each month, free of charge, the ADP National Employment Report is produced by the ADP Research Institute® in collaboration with Moody’s Analytics.  The report, which is derived from ADP’s actual payroll data, measures the change in total nonfarm private employment ...

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U.S. Technology Exports Totaled $322 Billion in 2017, Supported 800,000+ Jobs

obamacare smokers

Exports of U.S. technology industry products and services grew by nearly $10 billion in 2017, to an estimated $322 billion, according to a new analysis released today by CompTIA, the world’s leading technology association. The “CompTIA Tech Trade Snapshot” also reveals that tech exports directly supported an estimated 805,000 jobs in 2016, the most recent year of available data. That’s nearly 14 percent of ...

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Report: Credit Unions have best fee structures

Credit cards

A report was released today that compared the fees of a representative sample of 200 credit cards that are in Americans’ wallets. Although every card included in the CompareCards by LendingTree study had at least one fee, there remains a wide variance among credit cards in the types of fees card issuers impose on customers. The representative sample of 200 cards approximates the card ...

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Home prices continue to rise

Home for sale

Data released today for March 2018 shows that home prices continued their rise across the country over the last 12 months according to S&P CoreLogic Case-Shiller Indices. “The home price increases continue with the National Index rising at 6.5% per year,” says David M. Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. “Seattle continues to report the ...

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Consumer Confidence up in May

economy going up

Consumer confidence, as measured by The Conference Board Consumer Confidence Index, increased in May, following a modest decline in April (after a downward revision). The Index now stands at 128.0 (1985=100), up from 125.6 in April. The Present Situation Index increased from 157.5 to 161.7, while the Expectations Index improved from 104.3 last month to 105.6 this month. The monthly Consumer Confidence ...

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Smoking cessation: $22 billion market at a crossroads

Public health issues are so complex that they do not lend themselves to simplification. Nonetheless, the stakes are clear: it’s all about saving lives. That is the case in the fight against smoking, which is now at a crossroads. The only way to understand current policies in the fight against smoking is by analyzing the history of this public health ...

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U.S. Auto Sales Forecast To Climb More Than 3 Percent In May 2018

Ford car lot auto dealership car sales

U.S. new-vehicle sales in May 2018 are expected to increase 3.1 percent compared to May 2017, according to a forecast released today by Cox Automotive. The seasonally adjusted annual rate (SAAR), projected at 16.6 million for this month, is expected to fall to its lowest level since August 2017. The forecast 16.6 million SAAR is down slightly from the 16.7 million level in May 2017, ...

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Existing-Home Sales Slide 2.5 Percent in April

After moving upward for two straight months, existing-home sales retreated in April on both a monthly and annualized basis, according to the National Association of Realtors. All four major regions saw no gain in sales activity last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased 2.5 percent to a seasonally adjusted annual ...

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First-Time Homebuyers Pull Back For The First Time Since 2014

Home for sale

A new report released Thursday shows that first-time homebuyers bought fewer homes than the previous year for the first time since 2014. The report from Genworth Mortgage Insurance, an operating segment of Genworth Financial, Inc. (NYSE: GNW), says that the number of loans for owner-occupied homes dropped 2% from a year ago. “This quarter’s decline in first-time homebuyer sales reflects ...

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