Real Estate News

May 16, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

After two sluggish months of sales, consumers opened their pocketbooks in April.

Consumers ramped up their spending at auto dealers, hardware stores and e-commerce outlets. April Retail Sales rose 0.4 percent from the 0.1 percent in March, which was revised up from -0.3 percent. Increased consumer spending ...

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Posted in Real Estate News
May 8, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

More hardworking Americans were getting jobs in April, as the labor market bounced back from March.

The Bureau of Labor Statistics reported that 211,000 jobs were created, above the 180,000 expected. The weak March number of 98,000 was revised lower to 79,000. February was revised higher ...

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Posted in Real Estate News
April 24, 2017

REAL ESTATE - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Inclement weather during March in the Midwest and Northeast sent a chill in residential new home construction after the unseasonably warm weather in February.

The Commerce Department reported that Housing Starts in March fell nearly 7 percent from February to an annual rate of 1.215 million annualized units, below ...

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Posted in Real Estate News
April 18, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Consumers were holding back on purchases again in March, while home loan rates hit their lowest levels of the year.

Retail Sales fell for the second month in a row, the worst two-month stretch in two years. The Commerce Department reported March Retail Sales decreased 0.2 percent from February ...

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Posted in Real Estate News
April 10, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Headline news made investors (and politicians) jumpy this week, and the average American received a mixed bag of money matters.

Job growth, as reported by the Department of Labor, came in at 98,000 in March, following gains of 216,000 in January and 219,000 in February. Both January ...

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April 4, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Spring has sprung! It has been beautiful the past 10 days here in Incline Village, with temperatures in the 50's at lake level. A Winter storm is fast approaching with 2-4 feet of snow forecast for the higher elevations by Sunday. 2016-2017 may be the winter that never ends ...

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Posted in Real Estate News
March 20, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Federal Reserve Chair Janet Yellen had one simple truth that was like music to Stock and Bond markets: "The simple message is the economy is doing well."

When the Fed expectedly raised its benchmark Federal Funds Rate 0.25 percent at its March 14-15 meeting, Stocks and Mortgage Bonds both ...

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Posted in Real Estate News
March 13, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Its official. Mount Rose Ski Area has the most Snow in North America with almost 700 inches. The February Jobs Report had a lot to celebrate, including job and wage growth.

U.S. employers added 235,000 new jobs in February, above the 188,000 expected, the U.S. Bureau ...

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Posted in Real Estate News
March 6, 2017

REAL ESTATE - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Consumer Confidence hit the best reading since July 2001, while home prices and consumer inflation have also been on the rise.

Housing prices posted strong gains through the end of 2016. The S&P/Case-Shiller 20-city Home Price Index saw a 5.6 percent annual gain from December 2015 to December ...

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Posted in Real Estate News
Feb. 17, 2017

REAL ESTATE AND MORTGAGE RATES - LAST WEEK IN REVIEW AND FORECAST FOR THIS WEEK

Housing numbers, Retail Sales and inflation data told quite the tale, while words from the Fed chair also caught people's attention.

In housing news, Housing Starts slipped in January but still beat expectations. The Commerce Department reported Housing Starts declined 2.6 percent in January from December to an ...

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Posted in Real Estate News