greenville sc mortgage lender: Economic News in Review Greenville SC - Sept 02, 2014 - 09/02/14 06:55 AM
Economic News in Review Greenville SC

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

Last week enjoyed a hat trick of good news, with existing home sales enjoying particularly good performance, new home construction following with solid gains, and initial jobless claims falling more than expected. 
Existing Homes 
Sales of existing single-family homes, townhomes, condominiums and co-ops during July hit their highest point in the year, and distressed property sales dropped to an important low. July’s existing home sales grew 2.4 percent to hit an annual rate of 5.15 million, marking the fourth consecutive month of growth and … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - August 26, 2014 - 08/26/14 03:01 AM
Economic News in Review Greenville SC

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


Last week enjoyed a hat trick of good news, with existing home sales enjoying particularly good performance, new home construction following with solid gains, and initial jobless claims falling more than expected.
 
Existing Homes
Sales of existing single-family homes, townhomes, condominiums and co-ops during July hit their highest point in the year, and distressed property sales dropped to an important low. July’s existing home sales grew 2.4 percent to hit an annual rate of 5.15 million, marking the fourth consecutive … (1 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - August 19, 2014 - 08/19/14 02:59 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
Retail sales were in a holding pattern, while producer prices saw small, measured gains, and near-term employment saw an unexpected increase, but remained on a generally positive trend.
Retail Sales
Retail sales for July were essentially flat, ringing in at $439.8 billion, which was nearly unchanged from June, according to last week’s report from the Census Bureau. This was the weakest monthly reading since January but was 3.7 percent higher than July 2013’s total.
July’s receipts were well down from the 0.3 percent growth … (1 comments)

greenville sc mortgage lender: Back to School Home Organizing Tips For Greenville SC - 08/08/14 07:33 AM
Back to School Home Organizing Tips For Greenville SC

Back to School Home Organizing Tips For Greenville SC
 
The lazy, crazy days of summer are on the wane. Are you ready to get the kids back to school? Here are some ideas to get you reorganized and re-energized for the new academic year.
 
Ease into your schedule — Practice earlier bedtimes and getting up to an alarm the week before they’re required. Create a morning checklist, written on a fun chalkboard or colorful poster in your child’s room so they know what is expected every morning; this is … (1 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - August 05, 2014 - 08/05/14 04:37 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
The unemployment rate for July edged up, while initial jobless claims grew and construction spending shrank.
 
Unemployment
 
The unemployment rate for July grew by a tenth of a percent to 6.2 percent, but the economy also added 209,000 jobs for the month, according to last week’s report from the Bureau of Labor Statistics. While the rate gain might raise eyebrows, the month marked the sixth consecutive month that the economy added more than 200,000 jobs — a positive trend that … (0 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - July 22, 2014 - 07/22/14 04:34 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
Retail sales for June and near-term employment activity offered encouraging news last week, but new homes construction disappointed real estate market watchers.
 
Retail Sales
 
Retail and food services sales for June grew by 0.2 percent to reach $439.9 billion, the Census Bureau reported last week. To give an annual comparison, this was 4.3 percent higher than June 2013.
 
Some key growth categories include general merchandise stores, which grew by 1.1 percent; health and personal care stores, which posed a 0.9 … (6 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - July 15, 2014 - 07/15/14 03:04 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
While last week saw a light calendar of economic headlines, it still witnessed some significant news, with better-than-expected consumer credit and initial jobless claims. Also, wholesale sales and inventories saw gains, which was cause for optimism.
 
Consumer Credit
 
Consumer credit saw an encouraging gain in May, according to last week’s report from the Federal Reserve. Total consumer borrowing for the month hit $3.19 trillion, a 7.4 percent, or $19.6 billion, gain over the previous month when the market was expecting only … (2 comments)

greenville sc mortgage lender: Top 6 Remodeling Projects to Improve the Value of Your Home - 07/11/14 05:30 AM
Top 6 Remodeling Projects to Improve the Value of Your Home
              
You may be dreaming of a new in-ground swimming pool or stainless-steel kitchen counters, but will these investments give you the right ROI when it’s time to sell? Below are some of the top home improvements that, according to Remodeling magazine, will also improve your chances of getting the most for your home at the closing table.
 
First Impressions. A new steel front door speaks volumes about home security and energy efficiency. You can choose from a wide price range and many colors. Not ready … (10 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - July 09, 2014 - 07/09/14 03:46 AM
Economic News in Review Greenville SC



Here is last week’s Economic News in Review Greenville SC.
 
Employment continued to improve in June, but is not out of the woods, while last week’s initial jobless claims continue to ride a positive trend. Meanwhile construction spending was up for May, but housing wasn’t a part of that increase.
 
Unemployment
June showed good news on the unemployment front, but the job market still has much recovering to do. The economy added 288,000 non-farm jobs in June, unemployment rate to 6.1 percent from 6.3 percent in May, the … (1 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - June 24, 2014 - 06/24/14 08:51 AM
Economic News in Review Greenville SC



Here is last week’s Economic News in Review Greenville SC.
First-time unemployment claims continued to decline, while consumer prices notched up. New home construction offered mixed news as permits dipped while completions posted solid gains.
Initial Jobless Claims
First-time claims for unemployment insurance filed by the newly unemployed hit a new seven-year low, according to last week’s report from the Employment and Training Administration. Initial jobless claims filed during the week ending June 14 declined to 312,000, a drop of 6,000 claims from the previous week's revised level of 318,000 The four-week … (7 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - June 17, 2014 - 06/17/14 06:54 AM
Economic News in Review Greenville SC


Here is last week’s Economic News in Review Greenville SC.
While retail sales for May were good, they were not as high as expected, however, wholesale inventories for April could point to future gains. Meanwhile, near-term employment activity continues to indicate employers are hanging on to their workers.
Retail Sales
Retail sales for May were still up, but under-performed against market expectations. Retail and food services for the month saw a 3 percent gain, instead of the anticipated 7 percent, which put them at a total of $437.6 billion, according to … (4 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - June 10, 2014 - 06/10/14 04:30 AM
Economic News in Review Greenville SC



Here is last week’s Economic News in Review Greenville SC.
Last week enjoyed a slate of optimistic economic headlines with unemployment, initial jobless claims and consumer credit all performing better than expected.
Unemployment
Last week saw encouraging news on the employment front, with the U.S. economy adding 217,000 jobs in May, slightly higher than the 215,000 additional jobs economists had expected. This kept the unemployment rate steady at a nearly six-year low of 6.3 percent, with 9.8 million Americans unemployed.
May marked the fourth consecutive monthly gain of 200,000 … (5 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - June 04, 2014 - 06/04/14 04:26 AM
Economic News in Review Greenville SC



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

Last week saw incomes increase, while spending posted an unexpected drop, and jobless claims enjoyed a better-than-expected drop, but a drop in the first quarter’s GDP kept optimism in check.
Incomes and Spending
Consumer spending for April threw the experts for a loop when it posted the first monthly loss in a year. Personal income increased $43.7 billion, or 0.3 percent in April, and disposable personal income (DPI; income after taxes) increased $44.6 billion, or 0.3 percent, the Bureau … (5 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - May 27, 2014 - 05/27/14 09:51 PM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
While last week’s calendar of economic releases was light, real estate enjoyed some good news both in terms of existing and new home sales.
Existing Home Sales
Real estate watchers breathed a sigh of relief as sales of existing single-family homes, townhomes, condominiums and co-ops saw their first gain this year, as well as meaningful increases in inventory, according to last week’s report from the National Association of Realtors.
Total sales of existing homes rose 1.3 percent in April to an annual … (1 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - May 13, 2014 - 05/13/14 08:30 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
While last week saw a thin slate of economic headlines, consumer credit saw significant gains, the trade deficit narrowed, and jobless claims saw an encouraging drop.
Consumer Credit
Consumer borrowing saw its biggest gain in a year, with March's consumer credit total growing by 6.7 percent to a total of $3.14 trillion, according to last week's report from the Federal Reserve. All told, March saw a $17.5 billion gain in consumer credit activity.
The push was led by non-revolving debt, such … (7 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - May 6, 2014 - 05/06/14 03:32 AM
Economic News in Review Greenville SC

 
Here is last week’s Economic News in Review Greenville SC.
Last week was filled with unexpected employment news shockers, including April seeing the lowest rate of unemployment since 2008 and a surprise increase in initial jobless claims. Meanwhile, personal incomes and spending gained momentum.
Unemployment
The U.S. economy added a whopping 288,000 jobs in April, bringing the unemployment rate down to 6.3 percent from 6.7 in March, the Bureau of Labor Statistics reported last week. This was the lowest unemployment rate since its lowest level since September 2008, and beat analyst’s expectations … (3 comments)

greenville sc mortgage lender: What is Housing Affordability in Greenville SC? - 04/18/14 06:24 AM
What is Housing Affordability in Greenville SC?

Here's a term you may have heard a lot in the news recently: housing affordability. But what exactly does it mean and how does it affect you as a homebuyer?
 
What Is Housing Affordability?
The two factors influencing housing affordability are income and housing prices. In general terms, housing affordability refers to the percentage of families earning the median income in a given area that would be able to purchase a home in that area. According to the joint Housing Opportunity Index (HOI) created by the National Association of Home Builders (NAHB) … (9 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - April 15, 2014 - 04/15/14 04:44 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
 
Consumer credit beat analysts' forecasts, while initial jobless claims dropped to a seven-year low, according to last week's economic highlights.
Consumer Credit
Consumer credit grew by 6.4 percent in February to hit $3.12 trillion, a gain of $16.5 billion over the previous month, the Federal Reserve reported last week. This outpaced analysts' expectations of a gain of $14 billion for the month.
“Consumer credit is keeping track with the slow but positive growth we've seen in consumer spending throughout the cycle and in … (4 comments)

greenville sc mortgage lender: Economic News in Review Greenville SC - March 25, 2014 - 03/25/14 07:05 AM
Economic News in Review Greenville SC

Here is last week’s Economic News in Review Greenville SC.
New and existing real estate seems to be trying to catch up to housing demand, which has been stymied by rising home prices and narrowing inventories, while claims for jobless benefits by the newly unemployed remained low.
Existing Home Sales
Bad weather pushed the volume of existing home sales down in February, while narrowing inventories pushed prices up, the National Association Realtors reported last week. Total transactions of existing single-family homes, townhomes, condominiums and co-ops, dropped 0.4 percent from January to an annual … (10 comments)

greenville sc mortgage lender: Taxes and Your Home For Greenville SC March 2014 - 03/21/14 05:03 AM
Taxes and Your Home For Greenville SC March 2014

There are many benefits to owning a home: gaining control over your environment, becoming part of a community, the opportunity to build equity, and of course, tax breaks. *
The Most Common Tax Deductions
There were once again rumblings that the mortgage interest deduction was going to be eliminated, but we've gotten a reprieve for yet another year. Why is this a great benefit? The government is giving you a credit just for paying interest on your home loan. You can even deduct interest paid on a loan secured by … (5 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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Office: (864) 214-7570

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