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Markets In A Minute For The Week Ending 8/26/16

By
Real Estate Agent with RE/MAX Platinum

Markets In A Minute For The Week Ending 8/26/16

markets in a minute

 

 

We are all busy.  It is tough to keep on top of all the markets and how they are performing.

 

That is why, I always enjoy Mike's Markets In A Minute Updates.  Here is his latest one for the week ending 8/26/16.  I hope you all had a great week, and will enjoy your weekend too.

 

My name is Kristin Johnston with RE/MAX Realty Center 

 

Are you looking to Buy a house  Wondering what your Home is worth?  Call/text me at 414 254 6647 or email me at kjohnston@remax.net.  

 

Check out my website www.waukeshahousesforsale.com.  Review my many happy client testimonials too!

 

 

Markets in a Minute | August 26, 2016

For the Week Ending August 26, 2016
   

 

Please enjoy this quick update on what happened this week in the housing and financial markets.

A number of Fed officials have opined that it’s time for the Fed to raise interest rates. Investors are waiting to hear Fed Chair Janet Yellen’s opinion Friday.
Orders for durable goods rose for the second straight month, signaling increased business spending. Economic improvement like this is supportive of higher rates.
The labor market showed further improvement, with a drop in filing for unemployment benefits. A strong labor market could also contribute to higher rates.

New home sales unexpectedly rose in July, reaching their highest level in nearly 9 years. Sales were up an amazing 31.3% from a year ago.
Existing home sales were down slightly, however, as tight inventory remains an issue. Existing home sales had previously increased 4 straight months.
The housing market as a whole remains strong, supported by a tightening labor market, strong consumer spending, and low mortgage rates.

Two equally qualified job seekers apply for the same job. The hiring manager gives them a written test to determine which one to hire. Both score a 9 out of 10 on the test; however, the manager decides to hire the first applicant.

The rejected applicant asks, “We both got nine questions correct. May I ask why you decided this way?”

The hiring manager replied, “Your fellow applicant wrote ‘I don’t know’ for question five. You wrote, ‘Neither do I’.”

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

 
Posted by

 GIVING BACK WITH EACH HOME SOLD!

 

Kristin Johnston

Realtor, ABR, EPRO

RE/MAX Platinum

414 254 6647

kjohnston5@wi.rr.com

 

 

 

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

First in line to see what Saturday morning report has to say from Mike,  Have a great weekend, broncos play tonight!!!!!

Aug 27, 2016 12:33 AM
Kathy Streib
Cypress, TX
Home Stager/Redesign

Hi Kristin- Love the Markets in a Minute.  Yellin spoke yesterday and the markets did react. 

Aug 27, 2016 03:44 AM
Roy Kelley
Retired - Gaithersburg, MD

Thanks for sharing this Markets in a Minute report.

Have a lovely weekend.

Aug 27, 2016 05:26 AM
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

I like seeing the Market Minutes each week. The rates are bound to go up soon.

Aug 27, 2016 01:04 PM
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Good evening Kristin Johnston, Waukesha County Realtor 414-254-6647 , I'm not surprised the news on interest rates.  I enjoyed "The Last Laugh".

Have a great week!

Aug 28, 2016 08:18 AM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Thank you every one!

Aug 29, 2016 12:10 AM
Heather Tawes Nelson
Live Better in Arizona - Scottsdale, AZ
Associate Broker, ABR, CLHMS, CRS - Scottsdale, AZ

Thanks for sharing this resource. To to the point and easy to digest. 

Aug 31, 2016 06:22 AM