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Happy Fourth of July! {Market Report} July 2nd

Happy Fourth of July! {Market Report} July 2nd
July 17, 2018 abryant

 

 

Wishing you a holiday celebration full of fireworks and fun. Stay safe out there!

 

*This one’s more fun with the volume turned up.

 

Some days I amaze myself….other days I put my keys in the fridge.

A guy broke into my house last week. He didn’t take the TV, just the remote. Now he drives by and changes the channels.

I ate a salad for dinner! Mostly croutons & tomatoes. Really just one big, round crouton covered with tomato sauce. And cheese…..fine, it was a pizza…I ate a pizza!!!

I can’t clean my room because I get distracted by all the cool stuff I find.

 

Now The Market Report . . .

 

Consumer confidence was down slightly in June, suggesting economic growth may temper a bit. Economists said trade dispute concerns were to blame.

Some economists even think that escalation of trade tensions could tip the economy into recession. However, the Fed doesn’t seem too concerned yet.

The economy did slow more than previously estimated in the 1st qtr. But growth appears to have accelerated again on the back of a strong labor market.

 

New home sales climbed 6.7% in May, led by sales in the South. New home sales have risen 8.8% for the first 5 months of 2018.

Home values continue to rise, but at a slightly slower pace than we’ve seen recently. In April, values tracked at 6.4% annually, down from 6.5% in March.

Pending home sales slipped, falling for the 5th straight month in May. Tight inventory continues to get the blame.

 

The early bird may get the worm, but the second mouse gets the cheese.

 

This week’s potential market moving reports are:

 

Monday, July 2nd:          ISM Manufacturing Index, Construction Spending

Tuesday, July 3rd:          Factory Orders

Wednesday, July 4th:     Independence Holiday, All Markets Closed

Thursday, July 5th:         First Time Jobless Claims, ADP Employment Report, FOMC Minutes

Friday, July 6th:              National Employment Report

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:

American Family Funding – Market Update March 19, 2021
American Family Funding – Market Update March 19, 2021

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

American Family Funding – Weekly Market Blog – March 01, 2021
American Family Funding – APM Cares – February 18, 2021

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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:

American Family Funding – Market Update March 19, 2021
American Family Funding – Market Update March 19, 2021

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

American Family Funding – Weekly Market Blog – March 01, 2021
American Family Funding – APM Cares – February 18, 2021