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

By Kristin Johnston - REALTOR®

Real Estate Agent with RE/MAX Platinum

December 03, 2016 07:59 AM

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

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 kjohnston@remax.net.

Markets in a Minute | December 2, 2016

Published December 2, 2016 | By Kim Reimer

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 www.waukeshahousesforsale.com. 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

Roy Kelley

Gaithersburg, MD
Lou Ludwig

Boca Raton, FL
Kristin Johnston - REA...

Waukesha, WI
Andrew Mooers | 207.53...

Houlton, ME

Hannah Williams

HomeStarr Realty - Philadelphia, PA

Expertise NE Philadelphia & Bucks 215-820-3376

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

Dec 03, 2016 08:06 AM

Andrew Mooers | 207.532.6573

MOOERS REALTY - Houlton, ME

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

Lou Ludwig

Boca Raton, FL
Kristin Johnston - REA...

Waukesha, WI

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

Roy Kelley

Gaithersburg, MD
Kristin Johnston - REA...

Waukesha, WI

Kristin Johnston - REALTOR®

RE/MAX Platinum - Waukesha, WI

Giving Back With Each Home Sold!

Thank you all!

Dec 03, 2016 09:22 AM

Lou Ludwig

Ludwig & Associates - Boca Raton, FL

Designations Earned CRB, CRS, CIPS, GRI, SRES, TRC

Kristin

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

Good luck and success.

Dec 03, 2016 04:26 PM

Kristin Johnston - REA...

Waukesha, WI
Roy Kelley

Gaithersburg, MD

Roy Kelley

Retired - Gaithersburg, MD

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

Dec 03, 2016 05:14 PM

Kristin Johnston - REA...

Waukesha, WI

Wanda Kubat-Nerdin - Wanda Can!

Red Rock Real Estate (435) 632-9374 - St. George, UT

St. George Utah Area Residential Sales Agent

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

Thanks every one!

Dec 04, 2016 07:43 AM

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

Markets in a Minute | December 2, 2016

Comments(9)

Kristin Johnston - REALTOR®

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