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Find out how long it’s taking homes to sell! – {Market Report} September 11th

Find out how long it’s taking homes to sell! – {Market Report} September 11th
September 11, 2020 abryant
Market Report - American Family Funding

 

 

 

 The dumbest thing I’ve ever purchased was a 2020 planner.

Sometimes I wonder if all this is happening because I didn’t forward that email to 10 people.

When I yell at my dog to stop barking I wonder if he’s like “This is awesome!!! We are barking together”

Mom: A person that has an old gift bag filled with older gift bags.

 

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Now The Market Report . . .

Producer prices rose a bit more than expected in August, as the cost of services increased solidly. Underlying wholesale inflation also continued to rise, but only slightly.
Lawmakers still struggle to agree on a new stimulus package. Republicans have proposed a ‘skinny’ stimulus bill, and Democrats have said they will not support it.
Jobless claims missed estimates last week as employment gains tapered. Continuing claims rose to 13.385 million, an indication that labor market improvement may be tailing off.
 
Mortgage applications to purchase a home rose 3% last week from the previous week and were 40% higher than a year ago. Refinances were up 60% year over year.
The number of homes for sale nationwide is in record low territory, and some of the nation’s most affordable areas are seeing the largest drops in housing inventories.
Bidding wars continue to send home prices higher. More than two-thirds of homes sold in July were on the market for less than a month, according to NAR.
 
“Winners are not those who never fail, but those who never quit.”
Edwin Louis Cole

 

Next week’s potential market moving reports are:

Monday, September 14th – No Reports
Tuesday, September 15th – Industrial Production
Wednesday, September 16th – Retail Sales, NAHB Homebuilders’ Index
Thursday, September 17th – First Time Jobless Claims, Housing Starts, Building Permits
Friday, September 18th – No Reports

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.

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