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Happy Halloween! {Market Report} October 28th

Happy Halloween! {Market Report} October 28th
October 28, 2019 abryant

Market Report - American Family Funding

 

Kick off the Halloween fun with this quick feature, made just for you. Be sure to wait for the (not-so-) scary part at the end.

Hope your day is filled with fun and treats!

 

I don’t need a fancy watch to tell me I’m not fit one bit.

 Not to brag or anything, but I can forget what I’m doing while I’m doing it.

It’s all fun and games until your jeans don’t fit any more.

My daily routine. Morning: Feeling tired, cranky and lazy. Afternoon: I could go for a nap. Night: I can’t sleep.

Just once I’d like to read a medication label that says: Warning, may cause permanent weight loss, increased energy and wrinkle removal.

 

Now The Market Report . . .

 

September’s factory orders for big-ticket manufactured goods tumbled by the largest amount in 4 months, indicating continuing struggles in the industry.

Stocks improved this week as corporate earnings results helped investors shrug off signs that global growth is losing momentum.

Despite an overall slowing economy, jobless claims fell last week. A strong labor market boosts consumer confidence and the economy.

 

The FHFA reports home prices rose 0.2% in August from July and were up 4.6% year-over-year.

New home sales fell 0.7% in September, as low inventories continue to weigh on sales. The median new home price is $299,400, an 8.8% drop from a year ago.

The latest housing trend is backyard “accessory dwelling units,” small second homes used for rentals or additional guest living space.

 

“When tempted to fight fire with fire, remember that the fire department usually uses water.”

Author Unknown

 

This week’s potential market moving reports are:

 

Monday, October 28th:              No Reports

Tuesday, October 29th:             Case-Shiller HPI, Pending Home Sales

Wednesday, October 30th:       MBA Mortgage Applications, FOMC Announcement

Thursday, October 31st:            First Time Jobless Claims

Friday, November 1st:               National Employment, Manufacturing, Construction 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.