What does this week hold for the US Economy?

By
Real Estate Broker/Owner with TradeWinds Realty Group LLC 9054213B

        Are we on our way back up on the US Stock Market?

 

Boy last week certainly played with our pocketbooks on the Stock Market.   Thoughts of a comfortable senior life may have seemed fleeting looking at those results but hopefully this week we will be able to recapture some of our losses.

 

No one realized before the real financial crisis in our country how important our housing market is to the economy as a whole.   

 

The stock market certainly impacts our Buyers and Sellers moving forward or staying put.

 

One young family last week had planned on an additional sum of money towards their down payment on their new home and were devastated that the market had dropped so much.  Let's see where we go this week, they had a good plan but no one has a crystal ball.

 

Another couple over 65 were doing their planning with me last week for their home sale and new home purchase and the stock market results really shook their confidence in whether this is the right time to be making a move, how will their 401K and potential monthly income be affected.  Although they would be moving from a larger more expensive home they had hoped to move to a very desired condo community with a steep (and well deserved) monthly home owner's association fee.

 

I suspect, we as real estate professionals, whether in residential or commercial, mortgages or sales, we will still be feeling the fall out of the beginning of 2016.

 

Mike King , a fantastic loan officer with Leader Bank is good to keep us updated with weekly information which impacts our housing market.  Today Mike forwarded the economic indicators below to assist us in our planning and communications with our Clients.  I especially appreciate the IMPACT column.

 

Economic Calendar for the Week of Jan 18 – Jan 22

 Date Time (ET) Release For Consensus Prior Impact
W
Jan 20
08:30 Consumer Price Index (CPI) Dec 0,0% 0.0% HIGH
W
Jan 20
08:30 Core CPI Dec 0,2% 0.2% HIGH
W
Jan 20
08:30 Housing Starts Dec 1.197M 1.173M Moderate
W
Jan 20
08:30 Building Permits Dec 1.200M 1.289M Moderate
W
Jan 20
10:30 Crude Inventories 1/16 NA 0.234M Moderate
Th
Jan 21
08:30 Initial Unemployment Claims 1/16 280K 284K Moderate
Th
Jan 21
08:30 Continuing Unemployment Claims 1/9 NA 2.263M Moderate
Th
Jan 21
08:30 Philadelphia Fed Index Jan -4.0 -5.9 HIGH
F
Jan 22
10:00 Existing Home Sales Dec 5.12M 4.76M Moderate
F
Jan 22
10:00 Leading Economic Indicators (LEI) Dec -0.1% 0.4% Moderate

                                                                                                           

 

Posted by

MaryBeth Mills Muldowney, Massachusetts Real Estate Broker and Licensed Auctioneer

"The pessimist complains about the wind. The optimist expects it to change.

The Leader adjusts the sails." -John Maxwell

Founder and President, TradeWinds Realty Group LLC

www.TradeWindsRealtyGroup.com

MaryBeth@TradeWindsRealtyGroup.com

follow me on Twitter @HollywoodEast

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781-681-9959 Norwell office   508-746-5559 Plymouth office   781-910-7294 cellular

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Tags:
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Rainmaker
2,132,439
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

MaryBeth - the stock market is such a psychological barometer and people get spooked with these drops.

Jan 18, 2016 12:31 AM #1
Rainmaker
247,589
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

Grant Schneider - oh so true, hate to say it but I am one of them too LOL!

Jan 18, 2016 12:32 AM #2
Ambassador
2,011,111
Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES
Tropic Shores Realty - Ich spreche Deutsch! - Spring Hill, FL
Florida Waterfront and Country Club Living

MaryBeth, you are right, for some it's just numbers, but for many their way of life depends on it. Hopefully, the financial markets will stabilize.

Jan 21, 2016 10:58 AM #3
Rainmaker
220,132
LuxurySoCalRealty Compass San Diego
Compass - La Jolla, CA
San Diego Partner - The Private Client Network

Hi Marybeth the stock market downturn made long term mortgage rates more favorable.  It'll be interesting how this plays out.  

Jan 23, 2016 05:34 AM #4
Rainmaker
247,589
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

Thanks Joy Bender it certainly has been a roller coaster ride! Looking forward to smooth sailing!

Jan 23, 2016 06:01 AM #5
Rainmaker
247,589
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

Hi Sylvia Dukes. Yes awaiting a stabilizing impact on these rather volatile market. Staying optimistic.

Jan 23, 2016 06:03 AM #6
Rainmaker
247,589
MaryBeth Mills Muldowney
TradeWinds Realty Group LLC - Braintree, MA
Massachusetts Broker Owner

And Grant Schneider I have to admit some days I do let them spook me too. Lol. Stay safe in this 2016 Blizzard!

Jan 23, 2016 06:05 AM #7
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Rainmaker
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MaryBeth Mills Muldowney

Massachusetts Broker Owner
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