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Lower Inventory = Fewer Home Sales

The Mortgage Corner

WASHINGTON (February 21, 2018) — Existing-home sales slumped for the second consecutive month in January and experienced their largest decline on an annual basis in over three years, according to the National Association of Realtors. 460 more words

Weekly Financial News

New-Home Construction Soaring

Financial FAQs

Construction of new homes in the U.S., known as housing starts, jumped almost 10 percent in January to an annual rate of 1.33 million. 488 more words

Weekly Financial News

2018 Housing Market To Stay Strong

The Mortgage Corner

Total existing-home sales1, https://www.nar.realtor/existing-home-sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, increased 1.1 percent in 2017 to a 5.51 million sales pace and surpassed 2016 (5.45 million) as the highest since 2006 (6.48 million). 540 more words

Weekly Financial News

What is a Common Sense Stock Market?

Financial FAQs

Pundits and stock traders seem to believe Friday and Monday’s stock “massacre” was caused by too-quick trigger fingers—in computers controlled by algorithms, not people. 720 more words

Weekly Financial News

Why the ‘Yuge’ Stock Market Selloff?

Popular Economics Weekly

The quick answer is that too much money is chasing too few stocks, believe it or not. The record low interest rates—the 10-year treasury yield just dropped back to 2.75 percent from 2.85 percent before Friday’s selloff—is an indication of the huge cash hoard held by corporations and Wall Street from the successive Quantitative Easing programs by Central Banks that have kept interest rates at record lows. 542 more words

Weekly Financial News

Wages Rise in Unemployment Report!

Popular Economics Weekly

The best news in January’s unemployment report was average hourly wages jumped 9 cents, to $26.74. It pushed the yearly increase to 2.9 percent from 2.6 percent, marking the highest level since the end of the Great Recession in June 2009. 446 more words

Weekly Financial News

Q4 GDP Growth Misses 3 Percent

Popular Economics Weekly

Consumers and businesses powered the economy to a 2.6 percent rate of gross domestic product growth in the final three months of 2017, according to the Commerce Department. 639 more words

Weekly Financial News