(661) 284-1150 | 28338 Constellation Road | # 900 | Santa Clarita, CA 91355 | NMLS #252302

Starbucks makes your home price a Venti! {Market Report} September 7th

Starbucks makes your home price a Venti! {Market Report} September 7th
September 10, 2018 abryant

Market Report - American Family Funding

 

 

 

Making food: 1 hour. Eating food: 20 seconds. Washing dishes: never ending.

When I try on clothes that don’t make me look good, I just throw them on the floor. Like, no, you don’t deserve to be hung up, think about what you’ve done.

You know the potholes on a road are bad when they assign lifeguards to them, in case anybody falls inside.

 

Now The Market Report . . .

 

Trade issues continue to help keep mortgage rates low. Talks continue between the U.S. and Canada, but tensions are escalating between the U.S. and China.

The White House Council of Economic Advisers says wages are growing faster than “traditional measures” indicate. Wage inflation can contribute to rising interest rates.

Last week, jobless claims fell to a 49-year low as private payrolls rose in August. The sustained labor market strength should continue to drive economic growth.

 

CoreLogic’s Home Price Index report for July shows home prices across the U.S. rose by 6.2% year-over-year. However, home price increases are decelerating.

A recent Harvard Business School study reveals the “Starbucks Effect” on home prices. The authors say a new Starbucks raises prices by 0.5% in a ZIP code.

A Redfin survey shows recent increases in mortgage rates aren’t scaring away buyers. Only 2.6% had decided to postpone their search.

 

As I get older and remember all the people I’ve lost along the way, I think to myself, “Maybe a career as a tour guide wasn’t for me.”

 

This week’s potential market moving reports are:

 

Monday, September 10th:            Consumer Credit

Tuesday, September 11th:           Job Openings Report

Wednesday, September 12th:      Producer Price Index, MBA Mortgage Applications

Thursday, September 13th:          Consumer Price Index, First Time Jobless Claims

Friday, September 14th:               Retail Sales, Industrial Production, Consumer Sentiment

 

 

 

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.

American Family Funding Recent Articles:

American Family Funding – Market Update March 19, 2021
American Family Funding – Market Update March 19, 2021

Please enjoy this quick update on what happened this week in the housing and financial markets.     Asking for…

American Family Funding – Weekly Market Blog – March 01, 2021
American Family Funding – APM Cares – February 18, 2021