Weekly Real Estate and Mortgage News

By
Real Estate Sales Representative with Robert W May - Lethbridge Real Estate

Here is your Weekly Bottom Line!

 

Highlights

 

United States

•   President Obama released his new budget proposals on Monday.  The plan calls to cut $1.1 trillion from the deficit over ten years.  The budget does not, however, address rising entitlement costs.

•   Inflation moved higher in January.  Energy prices lifted headline inflation to 1.6%, while the core rate rose to 1.0%.  Concerns over disinflation have now faded, but high unemployment and low wage pressures will keep a lid on core price growth in 2011.

•   Despite a rise in the stock of foreclosures, mortgage delinquency rates fell in Q4 2010.  Rising sales combined with improved mortgage quality should bring the supply of foreclosures down a lot in 2011.

 

Canada

   Improved risk sentiment favoured Canadian stocks this week, as C$-denominated assets continued to attract foreign investors.

•   As of mid-Friday, the S&P/TSX composite index stood just 6% shy of its pre-recession peak of 15,000. Even when converted in U.S. dollar terms, its year-over-year gain is the third strongest among the world’s largest indices, after Stockholm and Germany.

•   Firm commodity prices and a brighter U.S. economic outlook point to increased optimism over Canada’s near-term economic growth prospects.   Nonetheless, soft inflation, a high C$, and an expected moderation in Canadian economic growth beyond the next six months are expected to keep the Bank of Canada on hold until July of this year.

Posted by

lethbridge real estate

lethbridge realtor

Robert W May is a Real Estate Broker in Lethbridge Alberta, having now been in the industry for over 23 years. . He was also a licensed Lethbridge mortgage broker and financing expert with Canada First Mortgage of Calgary Alberta for the past 10 years.  He is an industry leader always willing to help train and educate others in how to improve their business models for financial and personal benefit.




 

 

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