Category: Business & Markets

• March 21, 2017
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• realestatelife

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%

• February 27, 2017
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• realestatelife

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

• February 28, 2017
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• realestatelife

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.

• March 21, 2017
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• realestatelife

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%

• February 28, 2017
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• realestatelife

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.

• February 28, 2017
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• realestatelife

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.

• February 28, 2017
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• realestatelife

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

• March 22, 2017
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• realestatelife

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.

• February 28, 2017
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• realestatelife

The Dow halted a 12-session streak of record closing highs as U.S. stocks capped the session lower. Investors are awaiting more clarity on policy promises from President Donald Trump who will deliver his first address to a joint session of Congress Tuesday night.

• February 28, 2017
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• realestatelife

New York Fed President William Dudley on Tuesday said that “animal spirits have been unleashed a bit” in the wake of the presidential election, pointing to the rise in the stock market. Bond yields spiked after Dudley’s comments were reported with the two year yield rising to 1.26%. The dollar also jumped. In addition odds