ARCHIVED BLOG POSTS
2015
Home price gains across the nation remained steady in January, despite the unusually cold and wet weather that gripped many parts of the country. The Case Shiller 20-city Index rose by 4.6% from January 2014 to January 2015, and up from the 4.4% recorded in December year-over-year. There was a do...
03/31/2015
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Economic growth eased in the fourth quarter of 2014 as a surge in consumer spending was offset by a big decline in both business inventory and equipment investment. The government reported that final reading for fourth quarter Gross Domestic Product (GDP) in 2014 fell to 2.2% from the 5.0% record...
03/27/2015
242 Old Island Trail Kingsport, TN 37664 This home has it all! Beautiful views, welcoming entrance way, and awesome outdoor area. Everything about this home is lovely from top to bottom. The outdoor area makes for a wonderful entertaining spot. This home will not last long, come take a look! Call...
03/26/2015
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A report from RealtyTrac, a provider of comprehensive housing data and analytics for the real estate and financial services industries, said that home prices across the U.S. have been growing much faster than wages in 76% of the country. The report revealed that the national median wage grew by 1...
03/26/2015
Prices at the wholesale level fell for the fourth straight month in February as a drop in food prices was offset by the rise in prices at the gas pumps. The Producer Price Index fell 0.5% versus the +0.3% that was expected. The Producer Price Index (PPI) measures inflation pressures before they r...
03/13/2015
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Harsh winter weather in February kept consumers indoors during the month, which stifled spending at retailers around the country. Retail Sales in February unexpectedly declined by 0.6%, well below the +0.4% expected. The decline was the third straight month in negative territory as the savings fr...
03/12/2015
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The recent meteoric rise in the U.S. dollar and the strengthening U.S. economy are giving American consumers more buying power and the ability to purchase foreign goods at cheaper prices, due to the decline in global currencies. But there are drawbacks. A stronger dollar means that U.S. companies...
03/11/2015
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The percentage of Americans paying all cash for home purchases has been declining in the past 24 months, reports analytic firm CoreLogic. Cash sales made up 35.5% of total home sales in January, down 38.5% from January 2014,and well below the peak of 46.5% in January 2011. Prior to the housing bu...
03/10/2015
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The Labor Department reported this morning that U.S. employers added 295,000 new workers in February, above the 240,000 expected as the sector continues to improve. The Unemployment Rate fell to 5.5%, the lowest rate since May 2008, though it could be lower due to people dropping out of the workf...
03/06/2015
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The 1st Annual Boots at the Chateau is a fund raising event that will be held May 2, 2015 at Chateau Selah in Blountville, TN to benefit the Boot Campaign. We invite you to join us in "Giving Back" to our military Veterans and their families. The money raised will benefit the Boot Campaign’s Mili...
03/05/2015
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Steve Reed
Steve Reed Branch Manager | Benchmark Home Loans
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