Housing Sector Showing Promise

Housing Sector Showing Promise

OCEAN CITY — Amid growing concerns over Greece, Puerto Rico and China, signs of economic improvement in the U.S. continue to sprout – notably in the housing sector. Recent data suggests the sector’s growth is likely to improve steadily in the near term. What’s important is that strength in the housing sector has historically had… Read more »

Municipal Bond Market Murmurs

Municipal Bond Market Murmurs

OCEAN CITY — News headlines relating to the municipal market — particularly in connection to Puerto Rico’s tumult and the Illinois state budget — continue to be overwhelmingly negative. Puerto Rico faces the prospect of defaulting on its $72 billion debt.Prices for its general obligation bonds, as well as for the bonds of a number… Read more »

Middle-Income Consumers Step Out

Middle-Income Consumers Step Out

OCEAN CITY — Consumer spending was a bright spot in the otherwise lackluster first quarter GDP report, rising 1.9% annualized from the fourth quarter. In fact, the two biggest detractors from overall economic growth — low energy prices and a stronger U.S. dollar — have provided a big boost to consumers.We’re seeing early signs of… Read more »