Now The Market Report . . .
Investors appear to be paying more attention to some of the headwinds that exist for a rapid recovery.Many financial experts are expressing concern that the stock market has become way overvalued. Now with COVID resurging, investors are starting to pay more attention. This became clear on Thursday when the Dow Jones Industrial Average declined by more than 1800 points.
Mortgage rates are at record lows, and housing inventory is declining. With all of the pent up demand for housing that has existed for years, it now appears to have gone to a whole new level. In almost every market in the country, there is a shortage of available properties.
“It’s not what you look at that matters, it’s what you see.”
Henry David Thoreau
This week’s potential market moving reports are:
Monday, June 15th: None Scheduled
Tuesday, June 16th Retail Sales, Job Openings, Industrial Production
Wednesday, June 17th: MBA Mortgage Applications, Housing Starts
Thursday, June 18th: First Time Jobless Claims
Friday, June 19th: None 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.
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Please enjoy this quick update on what happened this week in the housing and financial markets. Asking for…