Market Update: 1/23/2023
Week of January 16, 2023 in Review Recent housing data brought some better than expected news, while wholesale inflation cooled in December. The contraction in manufacturing continued this month. Here are the details: -Sales of Existing Homes Higher Than Expectations -Two Sides to Housing Starts Data -Is the Uptick in Builder Confidence a Turning Point […]
Market Update: 1/17/2023
Week of January 9, 2023 in Review Consumer inflation continued to cool in December, but there were also more signs of an economic slowdown. Here are last week’s key headlines: -Consumer Inflation Continues to Ease -Inflation Remains Top Problem for Many Small Businesses -Seasonal Factors Likely Impacted Latest Jobless Claims -Services Sector Shows Signs of […]
Market Update: 1/9/2023
The new year kicked off with crucial labor market data, an update on home prices and a warning from the International Monetary Fund: -Slower Wage Growth Data Boosts Bonds -Stronger Than Expected Private Sector Job Growth in December -Jobless Claims Decline But Holidays Likely Skewed Data -Home Prices Still Expected to Appreciate This Year -IMF […]
Market Update: 1/3/2023
Week of December 26, 2022 in Review After the market closures Monday for the Christmas holiday, housing news highlighted last week’s calendar: Are Signed Contracts on Existing Homes Set to Rebound This Year? Pending Home Sales fell 4% from October to November, marking the sixth straight monthly decline. Sales were also 37.8% lower than they […]
Market Update: 12/27/2022
The markets had plenty of news to feast on last week, including the latest data on consumer inflation, home sales and home construction. Here are the highlights: Consumer Inflation Headed in Right Direction The Fed’s favorite measure of inflation, Personal Consumption Expenditures (PCE), showed that headline inflation rose 0.1% in November. The year-over-year reading for […]
The Mortgage Process Timeline
When it’s time to buy a home, if you know what to expect the process can move more smoothly. Here’s a timeline of what you need to know, and when it will happen. The mortgage process timeline can be broken up into four parts: Figuring out what you can afford:about 2 weeks Finding the home […]
