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The economy bounced back in the 3rd quarter with another record surge, recording gains of 33.1% and reversing much of the collapse from coronavirus lockdowns. |
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New orders for key U.S. made capital goods jumped 1.9% in September, exceeding expectations of a 0.5% increase and pointing to an improving economy. |
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Jobless claims fell once again last week, even lower than expected to 751,000. The labor market remains on a path of gradual improvement, although still far from pre-pandemic health. |
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According to CoreLogic, home prices continue to increase at a modest rate. Nationally, home prices were up 5.7% annually in August and up 4.8% from the previous month. |
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Pending home sales unexpectedly declined in September for the first time in 5 months, a sign elevated asking prices and lean supply are tempering the housing boom. |
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Sellers are requesting odd contingencies these days. One asked buyers to maintain the wardrobe of a plastic skeleton at the front door, and another included the cat with the home. |
I keep trying to make protein shakes but they come out margaritas.
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| “May your Halloween costume be as shocking as the home inspection report that just crossed my desk.” Anonymous Next week’s potential market moving reports are:
As your mortgage and real estate professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way I possibly can. Please feel free to reach me at (661)-505-4300. |