Wednesday – November 27, 2019 The second reading on Q3 Gross Domestic Product (GDP) rose to 2.1% from 1.9%. Within GDP it showed that consumer spending rose a solid 2.9%. The holiday shopping season is expected to robust given the … Read More
Low mortgage rates and a strengthening economy has propelled our housing market. In October, existing-home sales increased by 1.9%. This include all completed transactions from single-family homes, townhomes, condominiums, and co-ops. Lawrence Yung, National Association of Realtors Chief Economist says … Read More
Friday – November 22, 2019 All US markets are closed next Thursday for Thanksgiving. On Friday, the bond markets close early at 2:00 p.m. ET while stocks close at 1:00 p.m. ET. Next Friday is typically one of the lowest … Read More
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
Friday – November 15, 2019 The consumer is alive and well and continues to drive the U.S. economy. October Retail Sales rose 0.3%, higher than the 0.2% gain expected boosted by auto sales and higher gasoline prices. Consumer spending making … 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