Woodlands flat for sale

woodlands flat for sale

Economic Update: 10-18-2014

Economic Update for 10/18/14

DataQuick  reported that the number of home sales in California rose for the first time in a year in September, as cooling prices and a strong economy encouraged buyers.  The median sales price  for new and existing houses and condominiums was $389,000  last month, down 1% from $393,000 in August but up 9.6% from $355,000 last September.  It was the 31st straight month of annual increases but only the third straight month that percentage gains were not double-digit. There were 36,316 homes sold in the state, up 0.8 percent from 36,027 sales a year earlier. It was the first annual number of sales increase since September 2013 and the strongest September in five years.

U.S. Producer Prices unexpectedly Edge Down 0.1% in September. Reflecting lower prices for food and energy, the Labor Department released a report on Wednesday showing an unexpected drop in U.S. producer prices in the month of September. The Labor Department said its producer price index for final demand edged down by 0.1% in September after coming in unchanged in August. The modest drop by the index came as a surprise to economists, who had expected prices to inch up by 0.1%. The unexpected drop in producer prices was partly due to a continued decline in energy prices, which fell by 0.7% in September after tumbling by 1.5 percent in August. Food prices also showed another notable decrease, sliding by 0.7% after falling by 0.5% in the previous month. Excluding the drops in food and energy prices, core producer prices came in unchanged in September after inching up by 0.1 percent in August. Core prices had been expected to tick up by another 0.1 percent. Retail sales down for first time this year. Sales at clothing retailers decreased 1.2%. Producer prices rose 1.6% in September from a year earlier. Prices rose 1.8% for the 12-month period through August and 1.7% in July. Energy prices at the producer level fell a seasonally adjusted 0.7% in September. Gasoline prices dropped 2.6%, the largest decline in 18 months. Food prices at the producer level decreased 0.7%,

matching the largest decline in a year. Prices of meat fell 4.5%, the largest monthly drop in more than four years. The producer-price index for personal consumption, which most closely matches the consumer-price index, edged down 0.2% in September and was up 1.9% from one year earlier. The Labor Department is set to report on the consumer-price index for September next Wednesday. This created fears of deflation. which is very dangerous to the economy. We saw what dropping home prices did. Just imagine prices dropping on everything. It was thought that years of Fed stimulus would cause inflation, this has not materialized.

Bonds yields  continued to drop this week with the 10 year treasury bond yield closed Friday at 2.22%  it was 2.31% last Friday. It was a wild week in the bond market as the rate on a 10 Year Treasury plunged Wednesday morning to 1.86% — its lowest level since May 2013. This was after the Producer Price Report was released, and fears of deflation caused a wide stock sell off and a flight to bonds. The yield moved back above 2% later on during the day and rose sharply Friday when 3 rd  quarter corporate profits began to come in better than expected which caused a rally in stocks, and pulled money from the  bonds.  The 10 year Treasury Bond was at an all-time low of 1.39% from July 2012

Freddie Mac  reported that rates dropped this week in its survey released on Thursday October 16At that time the average rate for a 30 year fixed was 3.97%,  down from 4.12% a week earlier. The 15 year was 3.15%  down from 3.30% last week. The 5 year ARM was 2.92% down from 3.05%  last week, and the 1 year ARM was 2.42%,  down from 2.63% last week. We got many loans locked in on Thursday at 3.75% before the stock market rallied on Friday and rates climbed to end the week just over 4%Unfortunately rates across the board rose on Friday, yet are still slightly lower than last Friday after being dramatically lower Wednesday and Thursday. Rarely do you see a

Source: dzhomesblog.com
Category: Sale to flat

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