Inventory continues to fall! {Market Report} January 10th

I’m at a place in my life when errands are starting to count as going out.

Does it disturb anyone else that ‘The Los Angeles Angels’ baseball team translates directly to ‘The The Angels Angels’?

Eggs are fantastic for a fitness diet. If you don’t like the taste, just add cocoa, flour, sugar, butter, baking powder and cook at 350 for 30 minutes.

From the ages of eight to 18, me and my family moved around a lot. Mostly we would just stretch, but occasionally one of us would actually get up to go to the fridge.

I love airports because the rules of society don’t apply. Eat a pizza and have a glass of wine at 7 am while in track pants. Nobody cares.

Now The Market Report . . .

Activity in the services sector rose slightly in December, climbing to 55 from 53.9 in November, as businesses felt relieved by a partial trade agreement with China.

The U.S. trade deficit fell more than expected in November, hitting the lowest level since President Trump took office. A reduced deficit could help employment and improve currency value.

Stocks rallied this week as tensions eased between the U.S. and Iran. A flight to safety had helped mortgage rates late last week, seeing rates hit the best levels in a month.

Housing inventory recently hit a 2-yr low, falling by 12% year-over-year in December. The median home list price was $299,950.

Freddie Mac has announced a new online homebuyer course, called CreditSmart Homebuyer U. Completing the course satisfies Freddie Mac’s homeownership education requirements.

Statistics show that new home sales are stronger in growing cities. A recent study by CoreLogic shows states with the largest population growth have the most sales.

“The opportunity is often lost by deliberating.”
Publilius Syrus

This week’s potential market moving reports are:

Monday, January 13th:         No Reports

Tuesday, January 14th:        Consumer Price Index

Wednesday, January 15th:   MBA Applications, Producer Price Index

Thursday, January 16th:      Weekly Jobless Claims, Retail Sales, Home Builders

Friday, January 17th:           Housing Starts, Building Permits, Consumer Sentiment

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