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2018
The Federal Open Market Committee of the Federal Reserve announced that it raised the target federal funds rate to a range of 2.00 percent to 2.25 percent. This was the third consecutive increase in the Fed's key interest rate and was the eighth time the Fed raised its key interest rate since 201...
09/27/2018
Last week's economic releases included readings on the NAHB Housing Market Index, sales of pre-owned homes, and housing starts. Weekly readings on mortgage rates and first-time jobless claims were also released.NAHB: Home Builder Confidence in Market Conditions Holds SteadyThe National Associatio...
09/24/2018
Home builder confidence in housing market conditions stayed flat in September. The National Association of Home Builders Housing Market Index reported an index reading of 67, which matched expectations and NAHB's housing market reading for August. Analysts cited recent tariffs on building materia...
09/20/2018
Last week's economic news included readings on consumer credit, inflation and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released.Fed Reports Consumer Credit Jumps in JulyThe Federal Reserve reported that consumer credit rose from $9 billion in J...
09/17/2018
A young long-haul trucker driver once took an elder's advice and invested all of his money into real estate. Even though he was seldom at home to enjoy the fruits of his labor, he hired a property management company to handle the properties. The advice that stuck with the driver was simple. "They...
09/13/2018
Last week's economic news included readings on construction spending, along with public and private-sector jobs growth. The national unemployment rate, weekly reports on mortgage rates and new jobless claims were also released.Construction Spending Rises in JulyJuly construction spending ticked u...
09/10/2018
Last week's economic releases included readings from Case-Shiller on home prices, pending home sales and consumer sentiment. Weekly readings on mortgage rates and first-time jobless claims were also released.Case-Shiller: Home Price Growth, Pending Home Sales DipHome price growth slowed in June a...
09/04/2018
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The latest Rent vs. Buy Report from Trulia shows that homeownership is still cheaper than renting in 98 of the 100 largest metro areas in the United States. If you are one of the many renters out there who would like to evaluate your ability to buy this year, let’s get together to find you your d...
09/01/2018
Rainmaker
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Bob Elliot
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