Steve Reed Benchmark Home Loans

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2016 

The Bureau of Economic Analysis reported today that first quarter 2016 Gross Domestic Product (GDP) rose by an anemic 0.5% versus the 0.9% expected and down from the 1.4% in the final quarter of 2015. It was the lowest first quarter reading since 2014. In addition, GDP showed exports fell by 2.6%...
04/28/2016
Home price gains continued in February, though moderation has been seen in some regions. The February Case-Shiller 20-city Home Price Index rose 5.4% from February 2015, below the 5.6% expected. A spokesperson said, "Home prices continue to rise twice as fast as inflation, but the pace is easing ...
04/26/2016
A sharp decline in the West sent New Home Sales lower in March. Across the country, sales in the East were unchanged, while sales rose in the Midwest and the South. The Commerce Department reported that March New Home sales fell 1.5% from February to an annual rate of 511,000, below the 521,000 e...
04/25/2016
Consumers spent less than expected last month at department stores, clothing outlets and restaurants, further cementing the notion that economic growth slipped in the first three months of 2016. In addition, March saw the biggest decline in demand for autos in a year. March Retail Sales fell 0.3%...
04/13/2016
The International Monetary Fund (IMF) reported this morning that global economic growth continues, but at a sluggish pace that leaves the world economy exposed to risks. The IMF shaved its global growth forecast for 2016 to 3.2% from 3.4% originally forecasted. A spokesperson said, "Persistent sl...
04/12/2016
Economic growth in the first quarter of 2016 has been cut sharply in the past month led by weak trade abroad, weakness in retail sales, lower inventories and a slide in manufacturing. The Atlanta Federal Reserve reports that Gross Domestic Product (GDP) in the first quarter of 2016 is expected to...
04/11/2016
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