JPMorgan now projects home prices nationwide will improve 7.0% this year vs. 3.4% prior.
The Government Accountability Office (GAO) said the amount of ATM surcharge fees charged by financial institutions has increased over the past 4Ys. The average surcharge fee increased 20% during this period (from $1.75 in 2007 to $2.10 in 2012).
Consulting firm Mercator predicts people in the US will put $202B on reloadable prepaid cards in 2013 vs. $29B in 2009. Perhaps that is one reason why all the large banks have launched and offer prepaid card programs now.
A survey by Sallie Mae and Ipsos finds 33% of college students owned a credit card in 2012 vs. 40% in 2011 and 42% in 2010. Changes in regulation and a move to prepaid cards have been key contributors to the decline.
RealtyTrac reports the number of homes lenders repossessed declined in Mar to the lowest level in 5Ys, but the number of new foreclosure filings increased 2% (showing the sector still needs improvement to get back to where it was prior to the crisis).
If you wanted to know how fast people are going mobile and buying smartphones/tablets vs. PCs, consider statistics from International Data Corp. It found PC sales tanked 14% worldwide in Q1, marking the biggest drop in 20Ys and nearly double the expected decline of 7.7%.
S&P reports US companies reported $14.5B in common stock dividends in Q1, as payout ratios hit 36%.