ARCHIVED BLOG POSTS
2017
Signed contracts to purchase homes in December rebounded from the previous month with solid increases in the South and West offsetting weakening activity in the Midwest and Northeast. The National Association of Realtors® (NAR) reported that Pending Home Sales in December rose 1.6% from November ...
01/30/2017
Open House 108 Fairridge Rd, Johnson City, TN 37604January 29, 2017 2-4PM$124,900 3 Bed Room 3 Bath
01/27/2017
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The Bureau of Economic Analysis reported that Gross Domestic Product (GDP) grew by 1.9% in the final quarter of 2016, below the 2.2% expected and down from the 3.5% reported in the third quarter. For all of 2016, GDP grew by a tepid 1.9%, down from 2.6% in 2015 and the worst showing since 2011.Wi...
01/27/2017
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New Home Sales in December fell 10.4% from November to an annual rate of 536,000 versus the 589,000 expected. Higher mortgage rates and increasing home prices are the culprits. This was the lowest level since February of 2015, down 0.4% from December 2015. Within the report it showed that the med...
01/26/2017
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President Trump plans to sign an executive order to renegotiate NAFTA, the North American Free Trade Agreement, between the U.S., Canada and Mexico. NAFTA is a comprehensive agreement that sets rules for international trade and investment between the aforementioned countries. Mr. Trump's goal is ...
01/23/2017
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President Donald Trump has taken the oath of office today in Washington D.C. Mr. Trump is now become the 45th president of the United States after resting his hand on his family bible and the Abraham Lincoln bible at 12:00 p.m. ET in Washington D.C. The transfer of power from Mr. Obama to Mr. Tru...
01/20/2017
The Commerce Department reported on Thursday that Housing Starts in December surged 11.3% from November to an annualized rate of 1.226 million units, above the 1.193 million expected. The numbers signal that the pull back in November from the nine-year high in October could have been an anomaly. ...
01/19/2017
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Mortgage rates continued to decline in the latest week to the lowest levels not seen since early December. Rates have pushed higher as Mortgage Bond prices plunged and as yields soared after the presidential election results. Investors see the new Trump administration bringing softer regulations,...
01/18/2017
December wholesale inflation, the Producer Price Index (PPI), rose by 0.3%, which was in line with estimates led higher by more expensive prices for gas, food and cars. Core PPI, which strips out food and energy, was slightly hotter, up 0.2% versus the 0.1% estimated. However, year-over-year PPI ...
01/13/2017
Join Us For An Open House January 14, 2017 1-3PM 258 Old Island Trail, Kingsport, TN 37664 3 Bedrooms/3 BathsThis brand new cottage style home is just feet away from the fairway of hole # 4 of Crockett Ridge Golf Course. The home is very open with large rooms, the great room leads to a cozy c...
01/12/2017
Rainmaker
301,705
301,705
Steve Reed
Steve Reed Branch Manager | Benchmark Home Loans