February University of Michigan’s Consumer Sentiment

  • February 24, 2017
  • no comment
  • realestate

February University of Michigan’s Consumer Sentiment Index was revised from 95.7 to 96.3, estimates were 96.0.

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Business investment off to poor start in 2017, durable goods report shows

  • February 27, 2017
  • no comment
  • realestate

Business investment got off to a poor start in 2017 aside from the aerospace industry, perhaps a sign businesses are awaiting new policies by the Trump administration before acting. January Durable Goods Orders 1.8% vs. estimates of 1.7%. Ex Transportation -0.2% vs. estimates of 0.5%.

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BOE rate hike in May? Soaring U.K. inflation will bring out the hawks, analysts say

  • March 21, 2017
  • no comment
  • realestate

It has happened — for the first time in more than three years, U.K. inflation has broken above the Bank of England’s 2% target, adding pressure on the central bank to raise interest rates to curb the rapid jump in consumer prices. At 2.3% for February, the consumer price index rose faster than the 2.1%

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January New Home Sales Inventory Tight

  • February 27, 2017
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  • realestate

January Pending Home Sales -2.8% vs. estimates of 0.8%. Tighter inventory is dragging on contracts but not a factor in pricing today.

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Wall Street Wants Substance From Trump’s Congressional Address

  • February 28, 2017
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  • realestate

Investors will be closely eyeing the president’s first address to a joint session of Congress Tuesday night for details of his economic-growth plan.

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BOE rate hike in May? Soaring U.K. inflation will bring out the hawks, analysts say

  • March 21, 2017
  • no comment
  • realestate

It has happened — for the first time in more than three years, U.K. inflation has broken above the Bank of England’s 2% target, adding pressure on the central bank to raise interest rates to curb the rapid jump in consumer prices. At 2.3% for February, the consumer price index rose faster than the 2.1%

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4th Quarter GDP unchanged

  • February 28, 2017
  • no comment
  • realestate

4th QTR GDP was revised from 1.9% to 1.9%, the market was expecting 2.1%. A slight miss, but it matches the first release of this data. Generally, not a major market mover as this is old data and will be revised again.

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Chicago PMI for February Beats

  • February 28, 2017
  • no comment
  • realestate

February Chicago PMI 57.4 vs. estimates of 53.0. Any reading above 50 is expansionary and this is a big beat…this is generally negative for interest rate pricing.

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Consumer confidence hits 15-year

  • February 28, 2017
  • no comment
  • realestate

February Consumer Confidence 114.8 vs. estimates of 110.9. Another very strong reading, generally a tad negative for interest rate pricing.

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Existing-home sales tumble as tight inventory chokes housing

  • March 22, 2017
  • no comment
  • realestate

Sales in February were still 5.4% higher compared with a year ago, but the supply situation has worsened. Inventory was 6.4% lower than in February 2016. Meanwhile, the median home price rose 7.7% compared with a year ago to $228,400.

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