Real Estate News

Dec. 7, 2016

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

Job growth held steady in November while economic activity surged third quarter.

Consumer spending and business investment pushed Gross Domestic Product (GDP) above expectations in the third quarter. After weak economic growth the first half of 2016, the Bureau of Economic Analysis reported that the second reading of third quarter ...

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Posted in Real Estate News
Nov. 21, 2016

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

The latest numbers on Housing Starts and Building Permits may encourage dismayed homebuyers facing a lack of inventory.

October Housing Starts surged, the Commerce Department reported, up 25.5 percent from September. It was the highest level since September 2007. Single-family starts, which make up the largest share of the ...

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Posted in Real Estate News
Nov. 14, 2016

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

As Americans went to the polls to exercise their right to vote for president, global markets took notice.

When Donald Trump was declared president elect, the market reactions overnight were as wild and unpredictable as the election itself. Dow futures were down more than 800 points in the wee hours ...

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Posted in Real Estate News
Nov. 7, 2016

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

The October Jobs Report didn't cause much of a shake up with steady job growth and unemployment.

U.S. employers added 161,000 new jobs in October, which was below expectations, the U.S. Bureau of Labor Statistics reported. That being noted, both August and September numbers were revised ...

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Posted in Real Estate News
Oct. 31, 2016

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

After trudging along during the first and second quarters of 2016, Gross Domestic Product (GDP) got a little more spring in its step.

The government reported that the first reading on third quarter GDP rose by 2.9 percent, above the 2.5 percent expected and well above the anemic ...

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Posted in Real Estate News
Oct. 26, 2016

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

First-time homebuyers led the surge in Existing Home Sales as they realized the dream of homeownership in September.

After two straight monthly declines, Existing Home Sales in September jumped 3.2 percent from August. All major regions saw an increase in closings, as reported by the National Association of REALTORS® ...

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Posted in Real Estate News
Oct. 17, 2016

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

Following a disappointing back-to-school shopping season, consumers made retailers happier in September.

After declining in August, Retail Sales surged by 0.6 percent in September, which signals the consumer is alive and well as we head into the crucial holiday shopping season. The increase was led by ramped-up sales for ...

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Posted in Real Estate News
Oct. 10, 2016

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

The labor market has certainly had its share of reasons to cheer and groan this year. September's Jobs Report was no exception.

There were 156,000 new jobs created in September, the U.S. Bureau of Labor Statistics reported, below the 176,000 expected. Gains occurred in professional and ...

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Posted in Real Estate News
Oct. 4, 2016

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

Whether talking about home prices or the cost of goods and services, money is on everyone's mind.

New Home Sales fell 7.6 percent in August from July, the Commerce Department reported. The drop followed a stellar July and still landed well above expectations. From August 2015 through August ...

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Posted in Real Estate News
Sept. 28, 2016

REAL ESTATE - WEEK IN REVIEW

There were drops in key construction data and sales of existing homes, but builder confidence is high. Fewer people began excavation on new homes in August. The Commerce Department repor Website ted Housing Starts fell 5.8 percent from July to an annual rate of 1.142 million units, below ...

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Posted in Real Estate News