greenville sc mortgage lender: Economic News in Review Greenville SC - Feb 24, 2015 - 02/24/15 03:10 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.

Last week’s economic headlines were a mixed bag, with producer prices and new home construction falling, while layoffs declined further than analysts had expected.
Producer Price Index
Producer prices witnessed their biggest decline since 2009, as cheap oil dragged the producer price index for final demand — the prices that businesses get for their goods and services — down by 0.8 percent in January, according to last week’s report from the Bureau of Labor Statistics.
The decline in final demand prices was led by … (0 comments)

greenville sc mortgage lender: Should I Use My 401k for Real Estate Investing - 02/23/15 02:03 AM
Should I Use My 401k for Real Estate Investing

Should I Use My 401k for Real Estate Investing

Even during the housing crisis, financial experts agreed that real estate was still an excellent long-term investment. As the market is improving, that tenet still holds true. In fact, many people are transferring funds out of other investments and into real estate since interest rates and stock market returns have been so low. Pulling cash out of a 401(k) is a popular move these days. But is it right for you?
Withdrawing Funds
A 401(k) plan is a means for you to take … (1 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Feb 17, 2015 - 02/17/15 12:53 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.

Retail sales took a tumble, while low petroleum prices tempered wholesale inventory growth, and initial jobless claims experienced a significant bump.
Retail Sales
The big news last week was that retail sales fell 0.8 percent in January, the second month in a row in which retail transactions dipped, according to numbers released by the Census Bureau last month. Retail and food services transactions for January totaled $439.8 billion, which while down from December, was still 3.3 percent higher than January 2014.
Looking at notable … (0 comments)

greenville sc mortgage lender: Cable TV Alternatives - 02/16/15 03:19 AM
Cable TV Alternatives

The number of American households ditching cable TV in favor of streaming or pay-as-you-go services is steadily climbing. New alternatives seem to be popping up all over as more people become frustrated with paying high fees for bundled packages that include many “junk” channels that they are just not interested in. Are you ready to stop paying for channels you don’t want?
Saving Money
Financially, it could be very much worth your while. If you’re paying $100 per month for a cable subscription, that comes out to $1200 per year — for many homeowners, a full mortgage payment. … (2 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Feb 10, 2015 - 02/10/15 05:54 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.

Last week's voluminous economic headlines featured a mixed bag of gains in personal incomes and consumer credit, while consumer spending dipped, the unemployment rate saw a slight increase, and layoffs increased as well.
Unemployment
Let's start with the unemployment news: The economy added 257,000 jobs in January, while unemployment rate for January ticked up by a tenth of a percent to 5.7 percent for the month, according to last week's Bureau of Labor Statistics report. Also, hourly earnings went up 12 cents to an … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Feb 03, 2015 - 02/03/15 05:35 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
New home sales enjoyed a solid surge in December, lay-offs plummeted to a 15-year low, and consumers are feeling upbeat.
New Home Sales
New home sales jumped to a six-year high in December with sales of new single-family homes hitting an annual rate of 481,000, according to last week’s report from the Census Bureau and the Department of Housing and Urban Development. This marked an 11.6 percent gain over November’s revised rate of 431,000 and an 8.8 percent increase from December 2013’s estimate … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Jan 28, 2015 - 01/28/15 06:14 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
While 2014’s existing home sales were slightly down, sales in December picked up steam, as did new home construction. Meanwhile, initial jobless claims fell, but not as far as the market had hoped.
Existing Home Sales
The pace of existing home sales rebounded last December, with transactions of single-family homes, townhomes, condominiums and co-ops rising 2.4 percent from November to an annual rate of 5.04 million, the National Association of Realtors reported last week.
Looking at the year in total, 2014 saw 4.93 … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Jan 20, 2015 - 01/20/15 05:16 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
The sharp drop in gas prices hurt December retail sales and sent consumer prices to a six-year low, while layoffs of holiday hires pushed initial jobless claims hit a four-month high.
Retail Sales
December’s retail performance was an example of how one variable can throw off a monthly total. Sales of retail goods and food services sales for December dropped 0.9 percent to 442.9 billion, according to advanced figures released last week by the Census Bureau. While sales were down for the month, … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Jan 14, 2015 - 01/14/15 03:40 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
Last week saw encouraging employment news, with the unemployment rate falling and near-term layoffs dropping as well. Additionally, wholesale inventories outpaced market expectations to a solid degree.
Unemployment
The unemployment rate for December beat expectations by dropping to 5.6 percent, with the population of unemployed Americans falling by 383,000 to 8.7 million people, the Bureau of Labor Statistics reported last week. December’s performance marked the lowest unemployment rate in six and a half years.
The economy added 252,000 jobs in December, with key … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Jan 06, 2015 - 01/06/15 01:15 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
Last week’s slate of economic news was very light due to holiday bureau closures, but there were a couple key announcements that surfaced in the headlines: U.S. manufacturing was still growing, but hit a six-month low, and the pace of construction activity unexpectedly fell.
Construction Spending
The pace of U.S. construction fell further than the market expected, but private construction, and especially residential construction showed improved performance. Construction spending during November dropping to an annual rate of $975 billion, which was 0.3 percent … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Dec 02, 2014 - 12/02/14 03:58 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
Sales of new homes increased, but not as much as real estate watchers had hoped. Personal incomes and spending both posted gains. Layoffs, while up, remained at low levels.
New Home Sales
Sales of new single-family homes in October posted gains for the third-straight month, but the performance was tepid. Transactions of new homes grew 0.7 percent to an annual rate of 458,000, according to last week’s report from the Census Bureau and the Department of Housing and Urban Development.
October’s new home … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Nov 25, 2014 - 11/25/14 06:47 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
Existing home sales picked up the pace, while growth in construction permits stoked optimism for increased home inventory, and lay-offs continued to remain at very low levels.
Existing Home Sales
Sales of existing homes regained some momentum as transactions of single-family homes, townhomes, condominiums and co-ops, grew 1.5 percent in October to hit an annual rate of 5.26 million, the National Association of Realtors reported last week. October’s performance marked the second consecutive monthly sales gain, and with sales for the month being … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Nov 18, 2014 - 11/18/14 06:38 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
Retail sales performed better than expected, layoffs increased, but remained at low levels, and wholesalers posted decent sales and inventory gains.
Retail Sales
Retail sales bounced back in October, with retail and food services transactions growing 0.3 percent to $445.5 billion, according to last week’s report from the Census Bureau. Compared to a year ago, October’s receipts came in 4.1 percent higher than October 2013’s retail totals.
Nearly every segment of the retail market showed improvement for October. Key performers included non-store retailers, which … (1 comments)

greenville sc mortgage lender: Mini Homes: Making the Most of a Small Space - 11/17/14 07:08 AM
Mini Homes: Making the Most of a Small Space

Mini Homes: Making the Most of a Small Space
From Pinterest to design magazines to news websites, mini homes are showing up and making a big noise. There’s even a home search site specifically for tiny-house hunters. What’s the big deal with these little houses?
More Time, Less Work
Obviously, if your house is only 800 square feet, there’s just not as much to clean, and you don’t have room to keep a lot of unnecessary knickknacks that might need dusting or sorting or storing. Tiny house owners say they have more … (1 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Nov 04, 2014 - 11/04/14 04:19 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.

Third quarter GDP grew beyond expectations; personal incomes grew, but not as well as expected, while spending was down; and initial jobless claims continued to perform well.
GDP
Gross domestic product, which represents the value of U.S. goods and services, grew at an annual rate of 3.5 percent during the third quarter, outpacing expectations of 3 percent growth, according to last week’s report from the Bureau of Economic Analysis.
The big drivers for the GDP gain were government spending and particularly defense spending, … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Oct 21, 2014 - 10/21/14 03:53 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
New home construction showed indications that housing inventory is coming out of its late-summer doldrums, and initial jobless claims plummeted to a 14-year low, while retail sales shrank slightly.
Home Construction
Construction of new homes returned a solid performance in September and in many aspects outpaced the same period a year ago. Permits for the construction of private homes issued in September grew 1.5 percent over August to hit an annual rate of 1,018,000, the Census Bureau reported last week. Meanwhile, permits issued for … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Oct 07, 2014 - 10/07/14 05:00 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
Unemployment fell to its lowest point since 2008, new jobless claims dropped and personal spending and incomes were up, but construction spending dipped. 
Unemployment 
Unemployment fell below 6 percent for the first time since 2008, with the economy adding 248,000 jobs in September, which pushed the unemployment rate down to 5.9 percent, the Bureau of Labor Statistics reported last week. Overall, the number of unemployed Americans dropped by 329,000 to 9.3 million. 
The big drivers for September’s job gains were in professional and business … (0 comments)

greenville sc mortgage lender: Zillow-Trulia Merger: Good or Bad for Greenville, SC Real Estate - 10/06/14 02:21 AM
Zillow-Trulia Merger: Good or Bad for Greenville, SC Real Estate

 
 
 
 
 
  
Zillow-Trulia Merger: Good or Bad for Greenville, SC Real Estate
According to Money.com, Zillow and Trulia account for nearly 50% of traffic to national online listings sites. Announcement of their impending merger this year sent stocks of both companies through the roof. But many real estate professionals aren’t thrilled with the news, and it’s unclear whether homeowners will benefit from this business arrangement.
Impact on Real Estate Agents
Currently, many agents feel that Zillow and Trulia often have erroneous information about homes, and that … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Sept 30, 2014 - 09/30/14 06:36 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.


There was give and take in real estate with new home sales posting solid gains while existing home sales dropped. Meanwhile, initial jobless claims grew slightly but remained at low levels.
 
New Home Sales
 
New home sales skyrocketed to a six-year high in August with transactions of new single-family homes hitting an annual average of 504,000 for the month, the Census Bureau and the Department of Housing and Urban Development reported last week. August’s sales represented an 18 percent gain … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - Sept 10, 2014 - 09/10/14 01:10 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.


Hiring suffered an unexpected slow-down; new claims for unemployment benefits saw a slight increase, but remained on solid footing; and construction spending enjoyed a rebound.
Employment
The latest jobs figures showed the unemployment rate down, but weak job growth. While the unemployment rate ticked down to 6.1 percent in August, the economy added only 142,000 non-farm jobs, the Bureau of Labor Statistics reported last week.
August’s new jobs total ranked well under the more-than-200,000 jobs that has been the norm over several … (1 comments)

 
Randy Shamburger, FHA, VA, USDA and Conventional Mortgage Expert (Movement Mortgage)

Randy Shamburger

FHA, VA, USDA and Conventional Mortgage Expert

Greenville, SC

More about me…

Movement Mortgage

Address: 5 Independence Pointe, Suite 100, Greenville, SC, 29615

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