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Happy Presidents’ Day & Home theaters are moving up! {Market Report) February 19th

Happy Presidents’ Day & Home theaters are moving up! {Market Report) February 19th
February 19, 2019 abryant

Market Report - American Family Funding

 

Wishing you much success in everything you do! Happy Presidents’ Day!

Please join us for “Cocktails & Conversation” Thursday, Feb. 21st, 5-6:30 pm. We’d love to see you there!

 

I have gained and lost the same ten pounds so many times over and over again, my fat cells must have déjà vu.

When it comes to weight loss, my brain has a problem. It makes everything taste good except salad.

The dentist wanted to take one of my teeth. I said, “I think I’ll wait for the tooth fairy.”

What the world really needs is more love and less paperwork. Happy Valentines Day!

 

Now The Market Report . . .

 

Producer prices fell for a 2nd straight month in January, leading to the smallest annual increase in 1-1/2 years. Low or absent inflationary pressure is good for interest rates.

Retail sales recorded their biggest drop in 9+ years in December as receipts fell across the board, suggesting a slowdown in economic activity at the end of 2018.

Jobless claims rose last week, pushing the 4-week moving average of claims to its highest level in just over a year & suggesting some moderation in job growth.

 

Most markets across the country are still seeing home prices inch up, although at a slower pace than in previous quarters. The national median price is $257,600.

The home theater is moving out of the basement and into the main living area. Home theaters are being replaced by comfy, cozy multifunctional media rooms.

A new report shows that only 13% of offers written by agents for their clients faced a bidding war last month—down significantly from 53% a year ago.

 

“Permanence, perseverance and persistence in spite of all obstacles, discouragements, and impossibilities: It is this, that in all things distinguishes the strong soul from the weak.”

Thomas Carlyle

 

Next week’s potential market moving reports are:

Monday, February 18th:           Presidents’ Day – All Markets Closed

Tuesday, February 19th:          Home Builders Index

Wednesday, February 20th:     Housing Starts, Building Permits

Thursday, February 21st:         First Time Jobless Claims, Existing Home Sales

Friday, February 22nd:             No Reports Scheduled

 

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.