(661) 284-1150 | 28338 Constellation Road | # 900 | Santa Clarita, CA 91355 | NMLS #252302

American Family Funding – Weekly Market Blog – March 01, 2021

American Family Funding – Weekly Market Blog – March 01, 2021
March 1, 2021 abryant

Please enjoy this quick update on what happened this week in the housing and financial markets.

 

 

It only takes one slow-walking person in the grocery store to destroy the illusion that I have patience.

Welcome to Adulthood. I hope you like ibuprofen and not sleeping.

It only takes one slow-walking person in the grocery store to destroy the illusion that I have patience.

You know someone is mad when they start a sentence with…I just find it funny how…” there is a 99.9% chance they did not find it funny.

That awkward moment when you have having a really great first date…and then they clap at the end of the movie.

 


 

Click Here For More Information and Apply Today!

 

Now The Market Report . . .

Consumer confidence increased in February. Households report plans to spend more over the next 6 months as they are more optimistic about the labor market and economic recovery.
Fed Chair Jerome Powell testified before Congress this week, saying the economy has a long way to go and reassuring that the Fed will remain accommodative.
Jobless claims fell more than expected last week to 730,000, much lower than the forecast of 838,000, pointing to a labor market that is slowly recovering as businesses reopen.
 
After a brief pullback in December, existing home sales increased in January despite a record low inventory. Sales were up 0.6% for the month.
The inventory shortage did lead to a decline in January’s pending home sales, though, falling for the 5th straight month. They were still up 13% from a year ago.
Home prices rose 10.4% in December according to Case-Shiller, the biggest gain in 7 years. The combination of low mortgage rates and low inventory has caused bidding wars across the nation.
 
“Keep your face always toward the sunshine – and shadows will fall behind you.”
Walt Whitman

Next weeks potential market moving reports are:

Monday, March 1st – ISM Manufacturing Index, Construction Spending
Tuesday, March 2nd – Motor Vehicle Sales
Wednesday, March 3rd – ADP Employment Report
Thursday, March 4th – First Time Jobless Claims, Factory Orders
Friday, March 5th – National Employment Situation

Santa Clarita mortgages lender American Family Funding can help you fulfill your dream of home ownership. A highly rated Santa Clarita mortgages lender, American Family Funding maintains a focus on community involvement and a commitment to giving back whenever possible. A friendly mortgage advisor will make the first time homebuyer experience an easy and stress-free experience — even with bad credit or a low down payment. The Santa Clarita home loan officers at American Family Funding also specialize in VA loans, reverse mortgages, refinancing and the STAR Loan Program.