ARCHIVED BLOG POSTS
2015
The Case Shiller 20-city Home Price Index saw gains of 4.9% from April 2014 to April 2015, though the gains are not accelerating. The 4.9% is just below the March annual number of 5%, and well below the double digit gains seen in 2013 and early 2014. “We’ve moved from something we couldn’t sustai...
06/30/2015
The National Association of REALTORS® reported on Monday that singed contracts to purchase exiting homes slid in May as home loan rates edged higher. Pending Home Sales rose 0.9% in May from April, below the 1.4% expected, and down from the 2.7% registered in April, which was revised lower from t...
06/29/2015
0
Comments
The crisis surrounding Greece and its creditors may be getting kicked down the road as a possible extension may be struck to avert the troubled country from defaulting on debt payments. Greece has until Tuesday, June 30 to reach a deal to make a $1.7 billion payment to the International Monetary ...
06/26/2015
Consumers across the nation spent their hard earned dollars on cars and trucks in May, while they paid more for gas at the pumps. The Commerce Department reported on Thursday that Personal Spending surged by 0.9% in May, the fastest pace in six years and above the 0.7% expected. A key reason behi...
06/25/2015
The Bureau of Economic Analysis reported on Wednesday that the final reading for first quarter Gross Domestic Product (GDP) showed that economic growth contracted by 0.2%, though less severe from the -0.7% from the second reading. In addition, the negative reading for the quarter was the fifth ti...
06/24/2015
Housing news continues to be on the positive side this week as the sector continues to improve. The Commerce Department reported that May New Home Sales rose 2.2% from April to an annual rate of 546,000, the fastest pace in seven years. Economists were expecting sales to rise to 525,000, while Ap...
06/23/2015
The National Association of REALTORS® reported on Monday that May Existing Home Sales rose 5.1% from April to an annualized rate of 5.35 million units, the highest pace in nearly six years. The biggest gains were seen in the Northeast, while all major regions experienced sales increases in May. T...
06/22/2015
0
Comments
The National Association of Home Builders reported on Monday that its Housing Market Index for newly built, single family homes rose by five points in June to 59, the best level since September 2014. Within the report it showed that current sales conditions, sales expectations and the component t...
06/15/2015
Consumers across the country opened their wallets in May and spent in a big way at their local retailers on purchases of automobiles and a range of other products, boosting hope that the U.S. economy will continue to gather some steam. Retail Sales rose by 1.2% in May, near in line with estimates...
06/11/2015
0
Comments
A recent study by the MacArthur Foundation revealed that a vast majority of Americans believe the country is still not past the housing crisis that began several years ago. People feel that there has been some improvement in the housing situation, but feel more worried and concerned, than hopeful...
06/10/2015
Rainmaker
301,705
301,705
Steve Reed
Steve Reed Branch Manager | Benchmark Home Loans