Economic News...The minutes of the Federal Open Market Committee did not reveal any substantial change in thought about current monetary policy. A nice tidbit was that the view of the economic results and reports since the last meeting “was somewhat more positive than expected”. Weekly Jobless Claims, while disappointing last week, made a dramatic about-face this week coming in at 346K versus the expected 365K. The two major reports for today have contributed to improvement in the bond markets and mortgage rates. Retail Sales figures were tepid and are definitely worth watching in the near-term as … (3 comments)
doug anderson real estate broker: Bay Area Mortgage & Market Update for April 5th
- 04/05/13 09:34 AM
Economic News...was a little weaker than expected. The ISM Manufacturing Index and Factory Orders results were mixed. While the headline figures were tepid there was some positive data hidden in the underlying numbers. Employment stats for the week were the real market driver. On Wednesday, the ADP Employment Report results predicted a weaker Employment Situation in Friday’s release. This came true with today’s announcement of 88,000 jobs created versus the 193,000 expected. The unemployment rate trended lower to 7.6% but the labor force participation rate dropped from 63.5% to 63.3% which is a level not seen since 1979. Is the … (2 comments)
doug anderson real estate broker: Bay Area Mortgage & Market Update for March 29th
- 03/29/13 03:43 AM
Economic News...We had a fair amount of housing data for the week. The Case-Shiller Home Price Index continued to move sharply higher. New Home Sales for February, while slightly less than expected, followed a very strong January. Pending Homes Sales were mostly flat as increasing portions of the country are experiencing inventory issues. This is good news for housing overall as more regions come to the party California started over a year ago. Interesting news on the consumer front: Consumer Confidence tumbled which was mostly attributed to increased payroll taxes and higher fuel prices while Consumer Sentiment increased to one … (4 comments)
Economic News...There was a lot of housing news released this week. The Housing Market Index (gauge of new home sales) declined for the second month in a row but when you look at the forward data things are pretty good. In addition, the Western Region leads the way by a wide margin. Housing Starts numbers looked just OK but permits made excellent headway in January. This report can be all over the map from month to month due to weather conditions and as well as the volatile multi-family sector. Existing Home Sales, while … (4 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Alamo experienced a moderate drop in average home price from the first nine months of last year. The good news is that there was a sharp increase in homes sold and a reduction in the days on market compared to last year. Current market activity in Alamo, California 94507 Community information for Alamo, California 94507
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Alamo experienced a moderate drop in average home price from the first eight months of last year. The good news is that there was a sharp increase in homes sold and a reduction in the days on market compared to last year. Current market activity in Alamo, California 94507 can be found here Community information for Alamo, California 94507 can be found … (2 comments)
Current market activity in Alamo, California 94507 can be found here Community information for Alamo, California 94507 can be found here … (0 comments)
Current market activity in Alamo, California 94507 can be found here Community information for Alamo, California 94507 can be found here … (0 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Alamo experienced a moderate drop in average home price from the first seven months of last year which may be due to a greater number of homes sold this year with a lower price point. The good news is that there was a sharp increase in homes sold and a reduction in the days on market compared to last year. … (1 comments)
Current market activity in Alamo, California 94507 can be found here Community information for Alamo, California 94507 can be found here … (1 comments)
Current market activity in Alamo, California 94507 can be found here Community information for Alamo, California 94507 can be found here … (2 comments)
Keep in mind that real estate markets are local in nature and there will be micro markets in every town. Alamo experienced a moderate drop in average home price from the first six months of last year. The good news is that there was a nice increase in homes sold and a reduction in the days on market compared to last year. Current market activity in Alamo, California 94507 can be found here Community information for Alamo, California 94507 can be … (7 comments)
Current market activity in Alamo, California 94507 can be found here Community information for Alamo, California 94507 can be found here … (3 comments)
Current market activity in Danville, California 94526 can be found here Community information for Danville, California 94526 can be found here … (2 comments)
Current market activity in Blackhawk, California 94506 can be found here Community information for Blackhawk, California 94506 can be found here … (2 comments)
Current market activity in Alamo, California 94507 can be found here Community information for Alamo, California 94507 can be found here … (2 comments)
Cari Anderson's East Bay Mortgage Update for June 17th 2010 Economic News: Tuesday's Housing Market Index (produced by the National Association of Home Builders) showed weakness in the sector post tax incentives. The index for May was measured at 22 and the initial reading for June is 17. Wednesday brought the Housing Starts, Producer Price Index (PPI) & Industrial Production. The Housing Starts results followed up on the Housing Market Index showing weakness … (0 comments)
Economic News: Wednesday brought us the Durable Goods Orders & New Home Sales. Durable Goods Orders came in line with expectations and were 18% higher than year ago levels. New Home Sales were up over 18% and recorded the largest drop in inventory in 42 years. Thursday's Gross Domestic Product (GDP) numbers came in below the annualized forecast of … (2 comments)
Mortgage and Market Update
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