Economic Updates
Monday, March 29
Last Week in the News Existing home sales fell 0.6% in February to a seasonally adjusted annual rate of 5.02 million units from 5.05 million units in January. The inventory of unsold homes on the market rose 9.5% to 3.59 million, an 8.6-month supply at the current sales pace, up from a 7.8-mont...
Economic Updates
Monday, March 22
Last Week in the News Industrial production at the nation’s factories, mines and utilities increased 0.1% in February, following a 0.9% gain in January. It was the eighth consecutive monthly increase. The overall factory-operating rate rose to 72.7% of capacity in February from 72.6% in January...
Mold Conveys, No Extra Charge
Friday, March 19
I was sent the specs on a home over a month ago by a fellow realtor who knows I buy homes in rough shape, fast. He said, Justin, check out this place. It’s a foreclosure. Its price at about $550,000 it is worth about $500,000 after fix up and it has a major mold issue. Without even seeing the...
Economic Updates
Monday, March 15
Last Week in the News According to the ICSC-Goldman Sachs index, retail sales rose 2.9% for the week ending March 6. It was the biggest weekly gain in nine years. On a year-over-year basis, retailers saw sales increase 3.4%, the best showing in two-and-a-half years.The Mortgage Bankers Associat...
Economic Updates
Monday, March 08
Last Week in the News Consumer spending rose 0.5% to $52.4 billion in January, slightly more than economists had anticipated. Personal income increased 0.1% to $11.4 billion.The Institute for Supply Management reported that the monthly index of manufacturing activity was 56.5 in February after ...
Economic Updates
Monday, March 01
Last Week in the News The Standard & Poor’s/Case-Shiller 20-city housing price index rose a seasonally adjusted 0.3% in December. It was the seventh consecutive monthly gain and follows a 0.2% increase in November.The consumer confidence index fell to 46 in February from an upwardly revised...