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Front yard love! {Market Report} May 13th

Front yard love! {Market Report} May 13th
May 14, 2019 abryant

 

Don’t forget! Market Clarity Event with Phil & Joey Levy at American Family Funding, Wednesday, May 15th, 6 pm.

 

Let’s Talk & Toast! Please join us Thursday, May 23rd, 5:30 – 7:00 pm at Lucille’s!

 

You know the trouble with real life? There’s no danger music.

The one thing you shouldn’t do is try to tell a cab driver how to get somewhere.

Thank you, horseradish, for being neither a radish nor a horse. What you are is a liar food.

Don’t cry over spilled milk. By this time tomorrow, it’ll be free yogurt.

 

Now The Market Report . . .

 

Tweets by President Trump reignited investor concerns over the trade talks with China. Stocks dropped from recent highs as investors’ anxiety increased.

Although the trade dispute with China has not directly helped mortgage rates, newly proposed tariffs could hamper global economic growth, helping rates.

Low inflation has offset strong employment, helping keep rates low. Although lots of jobs are being created, wages aren’t rising fast enough to cause inflation.

 

A remodeling labor shortage continues to delay housing projects, according to NAHB. The highest demand is for carpenters, bricklayers, and electricians.

Homeowners are showing more love for their front yards in a recent trend, carving out spots in lawns and front porches to mingle with neighbors and relax.

High home prices and strong demand have today’s youngest homebuyers pouring into smaller cities, where prices are generally more affordable.

 

“From what we get, we can make a living; what we give, however, makes a life.”

Arthur Ashe

 

This week’s potential market moving reports are:

 

Monday, May 13th:          No Economic Reports

Tuesday, May 14th:         Small Business Index

Wednesday, May 15th:    MBA Mortgage Applications, Retail Sales, Industrial Production

Thursday, May 16th:        First Time Jobless Claims, Housing Starts

Friday, May 17th:             Consumer Sentiment Index

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.