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More sellers listing with agents {Market Report} November 19th

More sellers listing with agents {Market Report} November 19th
November 19, 2018 abryant

 

 

American Family Funding is hosting a Holiday Boutique, Tuesday, November 20th, 4-8 PM! Get ahead on your holiday shopping and support some of our local vendors!

There will be home decor, tasty food, great gift ideas, Agnes & Dora clothing, themed mickey ears, and more!

 

 

People tell me there are plenty of fish in the sea, well that is nice and all but I’m human, I don’t date fish.

The first 40 years of your childhood are always the hardest.

It’s so simple to be wise. Just think of something silly to say and then don’t say it.

Who needs rhetorical questions?

 

Now The Market Report . . .

 

Consumer prices posted the largest increase in 9 months in October. The Labor Dept said its index rose 0.3% last month after increasing 0.1% in September.

Retail sales rebounded as purchases of cars and building materials surged. Strong sales ahead of the holiday shopping season could help the economy.

Concerns over turmoil in the Brexit deal overseas are pushing investors to the safe haven of bonds. Improving bond prices could help mortgage rates remain low.

 

Home Depot is concerned that higher tariffs could cause price increases on some products. However, sales remain strong for the home improvement retailer.

Modular and other non-site built single-family homes made up 3.3% of homes in 2017. That number is expected to rise in 2018 and the years ahead.

FSBO transactions fell to a record low of 7% of all home sales in 2018 according to NAR. That’s dramatically lower than in 1981, when FSBOs were at 15%.

 

What do you call a bear with no teeth? A gummy bear.

 

This week’s potential market moving reports are:

 

Monday, November 19th:          Home Builders Index

Tuesday, November 20th:         Housing Starts, Building Permits

Wednesday, November 21st:    MBA Mortgage Applications, Jobless claims, Existing Home Sales

Thursday, November 22nd:       Thanksgiving Holiday – All Markets Closed

Friday, November 23rd:             Manufacturing Index

 

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.