Thursday – September 12, 2019 Inflation at the consumer level remained contained in August due in part to a decline in the cost of gasoline and other energy products. The Consumer Price Index (CPI) rose by a meager 0.1% last … Read More
A record number of homeowners are eligible for a refinance. According to Black Knight, 11.7 million mortgage holders can now get a lower rate and save hundreds of dollars every month. This comes as we continue to see the downward … Read More
Friday – September 6, 2019 Job growth slowed a bit in August though the overall market is still in good shape. The Bureau of Labor Statistics reports that non-farm payrolls rose 130,000 last month, below the 171,000 expected while June … Read More
The White House has released its plan to reform the nation’s housing finance system and privatize Fannie Mae and Freddie Mac. The recommendations include: simplifying the Qualified Mortgage rule and eliminating the so-called QM patch that allows Fannie and Freddie … Read More
Friday – August 30, 2019 US consumer spending surged in July as Americans spent on an assortment of goods and services, which could further diminish the chances of a recession here in the US. Personal spending rose 0.6% in July, … Read More
THE ECONOMY AND THE WHITE HOUSE – There have been just 2 US presidents in the last 75 years who were elected to a first term in office who failed to win their re-election bid for a 2nd term – … Read More
Friday – August 23, 2019 Sales of newly-constructed single-family homes fell in July from June, though the numbers in June were revised sharply higher. Low mortgage rates have been a support mechanism for the housing market while low inventories and … Read More
A new report from the National Association of Realtors, 2019 Moving With Kids, explores the various home buying habits and seller preferences of those who have children under the age of 18 years old living in the home. The report … Read More
Friday – August 16, 2019 New home construction across the US in July declined from June falling for the third straight month, due in part to a drop in multi-family dwellings. US housing starts fell nearly 4% in July from … Read More
It’s Just The Facts: July 2019 GOING, GOING, GONE – 7,037 American retail stores have closed YTD through 6/30/19, already exceeding the 5,864 closures that occurred during all of calendar year 2018. This year’s store closures are on pace to … Read More