ARCHIVED BLOG POSTS
2015
New unemployment claims rose sharply last week, the highest level since July. The increase might be a direct result of temporary holiday employment. Initial claims for state unemployment benefits rose 20,000 to a seasonally adjusted 287,000 for the week ended Dec. 26, the Labor Department said. D...
12/31/2015
The world’s wealthiest few are a little less rich this year. The Bloomberg Billionaires Index showed the 400 wealthiest individuals shed $19 billion in 2015. U.S. investor Warren Buffett lost $11.3 billion and Microsoft Corp. co-founder Bill Gates fell by $3 billion. In contrast, Amazon.com Inc. ...
12/29/2015
Would you like that recliner gift wrapped? Big-ticket items like furniture spurred U.S. retail sales growth by 7.9 percent between Black Friday and Christmas Eve, according to MasterCard Advisors SpendingPulse. This was up from the 5.5 percent wrapped up last year during the height of holiday buy...
12/28/2015
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Would you like that recliner gift wrapped? Big-ticket items like furniture spurred U.S. retail sales growth by 7.9 percent between Black Friday and Christmas Eve, according to MasterCard Advisors SpendingPulse. This was up from the 5.5 percent wrapped up last year during the height of holiday buy...
12/28/2015
The Commerce Department reported on Wednesday that New Home Sales rose 4.3% in November from October to an annual rate of 490,000 units. However, October was revised lower to 470,000 from 405,000, while estimates for November were to see sales rising to 505,000. New Home Sales are up 9.1% from a ...
12/23/2015
Just in time for those Americans taking the road for the holidays, gas prices have fallen below the $2 level. Motor club AAA reports that the national average price for a regular gallon of gasoline is at $1.99, the first time below $2 since March of 2009, which was at the height of the Great Rece...
12/22/2015
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Just in time for those Americans taking the road for the holidays, gas prices have fallen below the $2 level. Motor club AAA reports that the national average price for a regular gallon of gasoline is at $1.99, the first time below $2 since March of 2009, which was at the height of the Great Rece...
12/21/2015
PEACE AND TRANQUILITY describes this custom built log home sitting amidst 3.7 acres w/breathtaking views of the mountains. Features in this 5 bedroom 3 full bath include beautiful hardwood floors, wood blinds, vaulted ceilings with wood beams & stone fireplace. The open concept includes an elegan...
12/21/2015
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The Federal Reserve Bank (the Fed) of the U.S. finally raised its short-term interest rate for the first time in nearly a decade yesterday. There is a misconception amongst consumers that mortgage rates automatically will push higher because of this. The Fed, however, does not control long-term r...
12/17/2015
The housing sector is ending the year on a high note! The Commerce Department reported on Wednesday that Housing Starts in November rose 10.5% from October to an annualized rate of 1.173 million units, above the 1.135 million expected. The big jump in November nearly erases the 12% decline from S...
12/16/2015
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Steve Reed
Steve Reed Branch Manager | Benchmark Home Loans
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