Markets In A Minute For The Week Ending 12/2/16

Real Estate Agent with RE/MAX Realty Center

Markets In A Minute For The Week Ending 12/2/16markets in a minute



We are all busy.  It is tough to keep on top of all the markets and how they are performing.


That is why, I always enjoy Mike's Markets In A Minute Updates.  Here is his latest one for the week ending 12/2/16.  I hope you all had a great week, and will enjoy your weekend too.


My name is Kristin Johnston with RE/MAX Realty Center 


Are you looking to Buy a house  Wondering what your Home is worth?  Call/text me at 414 254 6647 or email me at  


Markets in a Minute | December 2, 2016

For the Week Ending December 2, 2016


Please enjoy this quick update on what happened this week in the housing and financial markets.

Globally bonds suffered their worst monthly meltdown in November, driving up yields. The sell-off in bonds carried over to push mortgage rates higher.
Oil prices have rallied to a 6-week high after OPEC agreed on a deal to cut production. Increased oil prices can spark inflation, which is bad for rates.
Although jobless claims were slightly higher than expected this week, layoffs were low. Overall the economy is showing signs of heating up moving into 2017.

On average, home prices nationally increased 5.5% from the previous month. Prices now stand at an all-time high.
Regardless of increasing prices, pending home sales continued to rise in October. Demand remains strong and inventory remains tight across much of the nation.
Construction spending in October increased to a 7-month high, driven by the residential sector. Overall, combined spending was up 3.4% over the previous year.

When I got to work this morning, my boss stormed up to me and said, “You missed work yesterday, didn’t you?”

I said, “No, not particularly.”

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.


Check out my website  Review my many happy client testimonials too!

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Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good Morning Kristin Johnston,  The Saturday report is here and thank you and Mike for informing us what to expect.


Dec 03, 2016 08:02 AM #1
Hannah Williams
Re/Max Eastern inc. - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-953-8818

Kristin Johnston - REALTOR®  Another great market report in a minute

Dec 03, 2016 08:06 AM #2
Andrew Mooers | 207.532.6573
Northern Maine Real Estate-Aroostook County Broker

Ditto Will Hamm .. I agree 100% with him Kristin Johnston - REALTOR®. Have a great weekend.

Dec 03, 2016 08:07 AM #3
Sharon Kolb
Atlanta Decatur Homes - Atlanta, GA
Broker - Atlanta Decatur Homes

Hi Kristin - really enjoyed the market update - concise - easy at a glance info!

Dec 03, 2016 08:49 AM #4
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Thank you all!

Dec 03, 2016 09:22 AM #5
Lou Ludwig
Ludwig & Associates - Boca Raton, FL
Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC


Thanks for sharing the Markets in a Minute report for the week ending 12-2-16.

Good luck and success.

Lou Ludwig

Dec 03, 2016 04:26 PM #6
Roy Kelley
Realty Group Referrals - Gaithersburg, MD
Roy and Dolores Kelley Photographs

Families on the move will certainly appreciate your local real estate market reports.

Dec 03, 2016 05:14 PM #7
Wanda Kubat-Nerdin - Wanda Can!
PK Real Estate Utah South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

The Market in a Minute is good information for people looking to purchase Kristin. I enjoyed the joke too!

Dec 03, 2016 06:03 PM #8
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Thanks every one!

Dec 04, 2016 07:43 AM #9
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Kristin Johnston - REALTOR®

Giving Back With Each Home Sold!
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