IS THAT ENOUGH? – 58% of 1,015 Americans surveyed in August 2019 believe that a retiree who has accumulated $1 million in pre-tax investment accounts will be able to enjoy a “comfortable” lifestyle in retirement (source: TD Ameritrade). A TRILLION … Read More
Thursday – November 14, 2019 Wholesale inflation as defined by the Core Producer Price Index (PPI) for October came in at 1.5% year-over-year from 1.7% in September. The headline PPI fell to 1.1% annually from 1.4% in September, the smallest … Read More
After several years of record-breaking California wildfires, insurance companies have responded by imposing huge premium increases on property owners, or even worse, flat-out denying coverage and canceling policies. Here are some tips to help property owners maintain their current insurance … Read More
Friday – November 8, 2019 Redfin reports that the luxury housing market stabilized in the third quarter after a weak first half in 2019. The average sale price for luxury homes nationwide rose 0.3% year over year to $1.6 million … Read More
The Federal Reserve cut their Fed Funds Rate today by .25% (or 25 basis points) to the range of 1.50%-1.75%. This comes as no surprise as most economists predicted this rate cut. This is the third cut by the Federal … Read More
Friday – November 1, 2019 And the survey says … 128,000 jobs were created in October, nicely above the 80,000 expected. Adding to the positive tone, were strong upward revisions to both August and September, where another 95,000 jobs in … Read More
The housing industry is experiencing mortgage rate volatility. After a string of weeks of lower mortgage rates, this recent week the fixed rate for a 30-year mortgage rose to 3.75%. That is 6 basis points above last week’s 3.68%. These … Read More
Friday – October 25, 2019 There will be several hurdles for the US financial markets to jump and for investors to digest next week. The ADP Private Payrolls Report and the government’s Jobs Report, both for October will be delivered. … Read More
A recent report from Zillow reads that housing inventories continue to decline as supply can’t keep up with demand. After a weak recovery in inventories earlier in the year, the situation has gotten worse as for-sale inventory tumbled in September. … Read More
Friday – October 18, 2019 A recent report from Zillow reads that housing inventories continue to decline as supply can’t keep up with demand. After a weak recovery in inventories earlier in the year, the situation has gotten worse as … Read More