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Strong home sales are something to be thankful for! {Market Report} November 27th

Strong home sales are something to be thankful for! {Market Report} November 27th
November 27, 2020 abryant


 

ABRACADABRA!….Nope still 2020.

I’m at that age where my mind still thinks I am 29, my humor suggests I’m 12 while my body keeps telling me it’s time for a nap.

Tupperware is a fun way to store your leftovers until you throw them away.

 

 

 

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Now The Market Report . . .

Consumer confidence slipped in November, amid a resurgence in COVID-19 cases and business restrictions, reinforcing expectations for a 4th quarter economic slowdown.
Durable goods orders grew at a faster than expected clip in October, demonstrating the manufacturing sector’s continued support of the economy.
Jobless claims rose the 2nd week in a row for the first back-to-back increase since July. The rising COVID-19 count is likely causing labor market weakness.
 
The FHFA released the 2021 conforming loan limits to be used by Fannie Mae and Freddie Mac. Limits will rise 7.42% to $548,250 in most places and to $822,375 in most high-cost areas.
Home prices surged to a 6-year high in September, according to Case-Schiller. The 7% increase over last year marks the fastest 12-month gain since 2014.
Existing home sales grew 4.3% over September and 26.6% over last year. New home sales were also strong in October, remaining near their best pace since 2006.
 
“I am grateful for what I am and have. My thanksgiving is perpetual.”
Henry David Thoreau

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.