Markets In A Minute....Week Ending June 20, 2014
CRAZY....NOT SURE WHY, BUT THE TEXT IS OFF TO THE RIGHT AGAIN...PLEASE SCROLL OVER :)
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For the Week Ending June 20, 2014 |
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Kristin,
Please enjoy this quick update on what’s happening this week in the housing and financial markets. To share this quick update with your database, please click here for a web version of this report.
I hope you have a dry, productive and generally awesome weekend!
-MC
| Stocks touch on record highs as the latest Fed statement suggests an improving economy. Thursday's jobless claims number agreed with the Fed. |
| The Fed also continues scaling back its purchase of bonds and mortgage securities. There is still no rate hike imminent. |
| Geo-political circumstance, whether in Europe or Iraq, continues to fuel bond buying. That helps keep rates stable. |
| The Spring selling season saw challenges in rates and inventory, yet values and overall activity are still much improved over a short time ago. |
| Building permits and starts fell in May. Despite fewer starts, completions are rising and providing some overall balance to the new home market. |
| While permits for new construction were down, the single family home component rose. This means fewer apartments and more homes for buyers. |
What's the problem with banker jokes? Bankers don't think they're funny, and normal people don't think they're jokes.
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