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- New York Times quotes Diane Swonk on jobs outlook 04.19.2013
Bloomberg asks Diane Swonk to explain Fed concern over unemployment
03.08.2013- Marketplace radio calls on Adolfo Laurenti for European analysis 02.26.2013
- Financial Times asks Diane Swonk about Fed caution 01.30.2013
- CNBC Asia turns to Adolfo Laurenti for European expertise
01.10.2013
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Media Mentions
- New York Times quotes Diane Swonk on jobs outlook 04.19.2013
- Bloomberg asks Diane Swonk to explain Fed concern over unemployment
03.08.2013
- Marketplace radio calls on Adolfo Laurenti for European analysis 02.26.2013
- Financial Times asks Diane Swonk about Fed caution 01.30.2013
- CNBC Asia turns to Adolfo Laurenti for European expertise
01.10.2013
Who We Are
Founded in 1937, Mesirow Financial is a diversified financial services firm headquartered in Chicago. We are an employee-owned, private company with approximately 1,200 employees globally.
Founded in 1937, Mesirow Financial is a diversified financial services firm headquartered in Chicago. We are an employee-owned, private company with approximately 1,200 employees globally.
What We Do
Mesirow Financial understands, anticipates
and meets the financial needs of its clients – institutions, public sector entities, corporations and individuals – with a multitude of
high-quality products and services.
Mesirow Financial understands, anticipates
and meets the financial needs of its clients – institutions, public sector entities, corporations and individuals – with a multitude of
high-quality products and services.
Contact Us
353 North Clark Street
Chicago, IL 60654 (Map & Directions)
Phone: +1 312.595.6000
Toll Free: +1 800.453.0600
Chicago, IL 60654 (Map & Directions)
Phone: +1 312.595.6000
Toll Free: +1 800.453.0600
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December Home Sales Slip on Tight Supplies
Existing home sales dipped to a 4.94 million unit annualized rate in December, after being revised down slightly to a 4.99 million unit rate in November. A sharp drop in the backlog of homes for sale on the market is one of the reasons for the decline. The National Association of Realtors is reporting that raw inventories have fallen to lowest level since January 2001.
Foreclosures and short sales are harder to find for investors, but may come back on the market as more are released by banks later in the year, while owners with turnkey properties are opting to remodel instead of sell. First-time buyers are also facing hurdles. Many are too saddled with an overhang of student debt to qualify for a mortgage.
Disruptions from Superstorm Sandy, which hurt sales most in October, are starting to abate. The Northeast and West posted gains in sales during December, while sales in the Midwest and South deteriorated slightly.
Home prices continued to firm in response to tight inventories, fewer first-time buyers and a shrinking supply of distressed sales. The rise in prices has prompted remodeling but little in terms of increased listings. Spring will bring the real test on that front.
Bottom Line: The housing market continues to heal, especially when measured on a year-over-year basis. Gains remain uneven, however, and off a low base, something that the Federal Reserve would like to alter.