• February 24, 2017
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• realestatelife

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

• February 23, 2017
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• realestatelife

Initial Weekly Jobless Claims 244K vs. estimates of 241K. Continuing Jobless Claims 2.060M vs. estimates of 2.051M. These are pretty good readings, but not a factor for interest rate pricing this morning.

• February 22, 2017
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• realestatelife

January Existing Home Sales 5.69M vs. estimates of 5.54M. A nice beat, but not a factor in pricing today.

• February 22, 2017
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• realestatelife

The next interest rate increase could be closer than it appears. That’s after documents released Wednesday show that Federal Reserve officials spent their meeting three weeks ago consumed with the changes brought on by a new administration in the White House — concluding with a strong indication that another hike could be just around the

• February 16, 2017
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• realestatelife

Construction on new houses fell 2.6% in January, but another increase in permits points to builders breaking ground on more units in the months ahead. Housing starts took place at an annual rate of 1.246 million last month, the government said Thursday. That’s how many houses would be built in the U.S. in 2017 if

• February 16, 2017
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• realestatelife

The number of Americans who applied for unemployment benefits in mid-February rose by 5,000 to 239,000, but they remained at exceedingly low levels that reflect the resilience of a nearly eight-year-old economic recovery. Continuing Jobless Claims 2.076M vs. estimates of 2.051M.

• February 16, 2017
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• realestatelife

The Philadelphia Fed said its manufacturing index soared in February to a reading of 43.3 from 23.6 in January. That’s the highest level since early 1984.

• February 15, 2017
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• realestatelife

The Empire State index of manufacturing conditions in the New York area jumped to its highest level in more than two years in February, the New York Fed said Wednesday. The index rose to 18.7 in February from 6.5 in January. That’s well above economists forecasts of a reading of 7.5. Any reading above zero

• February 15, 2017
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• realestatelife

The U.S. economy is showing promising signs in the job market, inflation numbers and stock markets, all factors that could support a March rate hike by the Fed. At present we are at less than a 30% chance for a Fed move.

• February 15, 2017
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• realestatelife

Most U.S. retailers posted strong sales in January, even beleaguered department stores, perhaps a sign that higher consumer confidence since the election has encouraged Americans to spend more. Retail sales rose 0.4% last month following a much bigger gain in December than originally reported, the government said Wednesday.