See how the election is impacting home sales! {Market Report} October 9th

October 12, 2020 abryant

I know I am a potato now, but one day I will turn into fries and everyone will love me. So far 2020 is like looking both ways before crossing the street and then getting hit by an airplane. My favorite memory from my childhood is my parents paying for my vacations. I have a condition that prevents me from going on a diet…….I get hungry!!! A synonym is a word you use when you can’t spell the other one. Click Here For More Information and Apply Today! Now The Market Report . . .

	Minutes released from last month’s Fed meeting showed that Fed officials worried a lack of fiscal aid from Congress could threaten the post lockdown economic recovery.
	After many false starts, negotiators are making headway on stimulus talks. Stock markets responded favorably to the news.
	Jobless claims drifted lower once again last week, after dropping below 1 million in August. The labor market is making headway in getting millions of people back to work.


	COVID-19 has impacted housing markets differently. Some areas are seeing record low inventory, while empty rental apartments in Manhattan have tripled to nearly 16,000.
	Framing lumber prices are down from August, but still up 65% year-over-year. Increased lumber costs have impacted budgets for new homes as well as home renovations.
	A recent survey by Redfin of more than 1,400 residents who plan to buy or sell a home shows that 22% of buyers and sellers see the presidential election impacting their plans.

“If we wait for the moment when everything is ready, we shall never begin.”
Ivan Turgenev

Next week’s potential market moving reports are:

Monday, October 12th – None Scheduled – Columbus Day
Tuesday, October 13th – Consumer Price Index
Wednesday, October 14th – Producer Price Index
Thursday, October 15th – First Time Jobless Claims
Friday, October 16th – Retail Sales, Industrial Production

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