December 1, 2017 Existing-home sales increased 2% in October to their strongest pace since earlier this summer, but continual supply shortages led to fewer closings on an annual basis for the second straight month, according to the National Association of Realtors®. The median existing-home price for all housing types in October was $247,000, up 5.5% from…
Tag: Financial Friday
Financial Friday – November 3rd, 2017
WEEKLY UPDATE Weekly Review The majority of stock market indexes continued to advance into record territory led by a surge in earnings from technology companies Alphabet (Google), Amazon, Intel, and Microsoft. Strong 3rd Quarter earnings reports from 3M, Caterpillar, Corning, and General Motors also provided a market boost to the S&P 500 and the overall…
Financial Friday – October 20th, 2017
WEEKLY UPDATE Weekly Review The stock market continued to advance into new record-high territory, boosted by releases from major third quarter corporate earnings reports. This past week marked the fifth consecutive weekly gain for both the Dow Jones Industrial Average and the S&P 500 Index despite a number of political and geopolitical anxieties among investors….
Financial Friday – October 6th, 2017
WEEKLY UPDATE Weekly Review This past week the stock market continued to move higher with the NASDAQ Composite Index, the small-cap Russell 2000 Index, and the S&P 500 index recording new highs. Investors shifted their focus to the Trump administration’s announcement of a new tax plan that sounded beneficial to the economy and middle class,…
Financial Friday – September 29th, 2017
WEEKLY UPDATE Weekly Review This past week the stock market ended “mixed” with the Dow Jones Industrial Average and S&P 500 indexes recording marginal gains while the NASDAQ Composite Index slipped modestly lower. Investors were wary of continued rhetorical threats between President Trump and North Korean dictator Kim Jong-un who boasted North Korea would test…
Financial Friday
WEEKLY UPDATE Weekly Review This past week investors were more focused on macro events than on individual economic reports. Stock market sentiment was negatively impacted by continuing geopolitical troubles with North Korea and its nuclear weapons testing program, the weekend arrival of potentially catastrophic Category 5 hurricane Irma in Florida, and waning confidence in Congress…
Housing Starts Leap In June But Shortage Rages On
Skyrocketing home prices have plagued the real estate market for over a year with the only solution being an increase in housing starts and completions to bring prices back down. Residential construction has been on the uptick, but is it enough to make a difference for buyers? According to the U.S. Department of Housing and Urban…
Financial Friday: 10 things your clients should know before moving to a newly built home
Getting clients into a newly built home can be thrilling, but there are things you, and they, need to know ahead of time to help them have the best experience possible. You’ll be able to help clients move into their house feeling confident that you’ve done everything to ensure it will be a home by staying involved…