House Prices Rise, Serious Delinquencies Fall in Third Quarter
The latest Housing Market Conditions report shows that 5.4 percent of mortgages nationally were seriously delinquent (delinquent 90 days or more or in foreclosure) in the third quarter, down from 5.8 percent in the second quarter. U.S. house prices rose 2.2 percent over the second quarter and 8.8 percent over the third quarter of 2012. Serious delinquencies fell and house prices rose from the second quarter and from the third quarter of 2012 in all Eighth District states.
- 12/10 | Audioconference
Redefining Rustbelt: The Role of Anchor Institutions and the Arts
- 12/12 | Macon, Mo.
Food Entrepreneurship: A New Way of Thinking About Local Food and Jobs
- 12/06 | Federal Reserve launches History Web Gateway
- 11/22 | Speech by Governor Tarullo on shadow banking and systemic risk regulation
- 11/21 | Speech by Governor Powell on opportunities and challenges in OTC market infrastructure reform
- 11/20 | Minutes of the Federal Open Market Committee, October 29-30, 2013
November 21, 2013
"The Notorious Summer of 2008"
St. Louis Fed President James Bullard offered some perspectives on the macroeconomic situation in 2008 during an event in Rogers, Ark. Bullard noted that the features he discussed—e.g., the start date of the financial crisis, lower interest rates, the oil price shock, real-time data and large financial firms—have to be addressed in any comprehensive accounting of what happened.
November 1, 2013
“The Tapering Debate: Data and Tools”
St. Louis Fed President James Bullard discussed current monetary policy tools and the data dependency of tapering at the Financial Forum hosted by the St. Louis Regional Chamber. Bullard said that data dependence encompasses both cumulative progress in labor markets since the FOMC’s asset purchase program began and a judgment concerning the sustainability of that progress.
Beige Book Audio