Market Updates

March 2, 2020

3/2/20

 

 

 

 

DID YOU KNOW?
There was good news amid the sea of red. New and pending home sales both came in far above expectations, completing the "perfect month" for the U.S. housing markets. In addition, all of the major housing data released in February showed better-than-expected ...
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Posted in Market Updates
Feb. 7, 2020

2/7/20

 

 

 

 

 

DID YOU KNOW?

There are still buyers who want to wait to buy when the next recession hits:  they may be disappointed. How did the country’s housing market fare historically during recessionary periods? Based on what’s happened in past recessions, a report by First American ...

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Posted in Market Updates
Feb. 6, 2020

2/6/20

 

 

 

 

 

 

DID YOU KNOW?

The jobs market added 291,000 in private payrolls in January for the best monthly gain since May 2015, according to a report Wednesday from ADP and Moody’s Analytics. Leisure and hospitality led with 96,000 new jobs, but education and ...

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Posted in Market Updates
Jan. 2, 2020

1/2/20

 

 

 

 

 

DID YOU KNOW?
Which 5 things should we watch closely in 2020 that could potentially lead to an economic downturn:
1)  Consumer spending and consumer sentiment. Consumer spending accounts for over 68% of the entire GDP of the US.
2)  Stock Market reversal ...
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Posted in Market Updates
Nov. 7, 2019

11/7/19

 

 

 

 

 

DID YOU KNOW?

At the beginning of this year I said the single most important driver of the economy in 2019 will be the US-CHINA trade war....now it appears a deal is about to be struck to cancel the tariffs in stages.....stay tuned ...

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Posted in Market Updates
Nov. 5, 2019

11/5/19

 

 

 

DID YOU KNOW?

David Blumenthal, president of the Commonwealth Fund, cited a report that found average U.S. life expectancy has slipped to 78.6 years old. Access to health care, good educational opportunities, and healthy habits play a part in increasing longevity. All can increase property ...

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Posted in Market Updates
Oct. 31, 2019

10/31/19

 

 

DID YOU KNOW?

Last month, the median home price inside the Austin city limits leaped 11.9% to $406,000, an all-time high for any September. The number of single-family home sales inside the city limits increased by almost 15% to 798 sales. (Austin Board of Realtors)

  ...

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Posted in Market Updates
Oct. 29, 2019

10/29/19

 

 

 

 

DID YOU KNOW?

The once-popular Home equity line of credit loan Americans use to finance home renovations and college tuition is slowly dying, slashing a lucrative source of revenue for the nation’s largest banks. Rapidly climbing property prices between 2003-6 led homeowners to use their homes ...

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Posted in Market Updates
Oct. 23, 2019

10/23/19

 

 

 

 

 

 

DID YOU KNOW?

Existing-home sales fell 2.2% in September from the previous month to a seasonally adjusted annual rate of 5.38 million. Compared with 2018, sales in September rose 3.9%. The number of homes for sale at the end of September ...

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Posted in Market Updates
Oct. 10, 2019

10/10/19

 

 

 

 

 

 

DID YOU KNOW?
Chatter is rising again on the subject of re-adopting the tax break for first-time homebuyers at the federal level. A similar measure was introduced in 2008 and provided a credit up to $7,500 for first-time home buyers. This initiative could ...
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Posted in Market Updates