Archives: July 2012

Economist: Raleigh set to outpace U.S. economy

Creation of new business establishments rose 3 percent in the Raleigh metro area between 2008 and the end of 2011. That was almost double the national rate of 1.7 percent, says PNC Financial’s Mekael Teshome, who believes the entrepreneurship factor will help the area outpace the U.S. in the coming economic recovery.    

High Score: Builder Confidence Rises Six Points in July

Builder confidence in the market for newly built, single-family homes rose six points to 35 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI) for July, released recently. This is the largest one-month gain recorded by the index in nearly a decade, and brings the HMI to its highest point since March […]

Fannie Mae Announces Know Your Options Customer Care Foreclosure Prevention Program

By Andrew Wilson Recently, Fannie Mae launched Know Your Options Customer Care, a customer engagement strategy and training program for servicers aimed at preventing foreclosures by developing consultative relationships with struggling homeowners. Under the program, Fannie Mae personnel conduct trainings for servicers’ call center employees, provide scripting for interactions with homeowners and help implement ongoing […]

Back-to-School Spend Means Good News for Economy

According to the results of the PriceGrabber® 2012 Back-to-School Shopping Forecast survey, 63 percent of consumers plan to spend up to $500 this back-to-school shopping season (compared to 48 percent in 2011). Twenty percent of respondents plan to spend between $500 and $1,000 and 17 percent of shoppers said they don’t have a back-to-school shopping […]