(661) 284-1150 | 25101 The Old Road, Stevenson Ranch, CA 91381 | NMLS #252302

Find out what restaurants say about the recovery! {Market Report} October 23

Find out what restaurants say about the recovery! {Market Report} October 23
October 23, 2020 abryant
Market Report - American Family Funding

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

 

 

My body is like a temple, ancient and crumbling.

Do I just call you? Or do we resolve this quickly with 77 text messages.

Who can relate: Checking for phone to find out what time it is, but then end up checking it again cause you weren’t paying attention the first time.

Autocorrect makes me say things I didn’t Nintendo.

I remember a time, long ago, when I could sneeze without injuring myself.

 


 

Click Here For More Information and Apply Today!

 

 

Now The Market Report . . .

Talks continue for another pandemic stimulus package, although it is now questionable if a deal could be pushed into law before the November elections.
Pandemic aside, 6,500 new restaurants opened last month. That’s only 100 fewer new restaurant openings nationwide compared to a year earlier, a good sign for the recovery.
Jobless claims declined last week, falling for the third time in four weeks. Continuing claims fell to 8.37 million; however, more people were on extended benefits.
 
Single-family homebuilding surged in September, cementing the housing market’s status as the star of the economic recovery. Starts were up 8.5% over last month.
Homebuilder sentiment set another record high in October, despite challenges of shortages in labor, lots, and lumber, as buyer demand remains strong.
Existing home sales jumped 9.5% in September, but sales could be even more robust if more homes were available. Inventory fell 19.2% annually, a 2.7-month supply.
 
“If your ship doesn’t come in, swim out to it.”
Jonathan Winters

Next week’s potential market moving reports are:

Monday, October 26 – New Home Sales
Tuesday, October 27 – Case-Shiller Home Price Index, Consumer Confidence
Wednesday, October 28 – None Scheduled
Thursday, October 29 – First Time Jobless Claims, Pending Home Sales
Friday, October 30 – Consumer Spending

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.

American Family Funding Recent Articles:

Weekly Expert Update (Market Report) – February 28, 2022
Weekly Expert Update {Market Report} – February 21, 2022
Weekly Expert Update {Market Report} – February 14, 2022
Weekly Expert Update {Market Report} – February 14, 2022

Quick takeaways: Three ways to ensure a positive experience for first-time homebuyers. Google is making privacy changes to its Chrome…