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SCV Your Home Inside And Out

    Real Estate & Market Report: July 03, 2014

    By: Fred Arnold

    It has been quite some time since we have had a week of so much positive economic news coming out in such a short period of time. From housing, to employment, to manufacturing, to construction spending...they are all improving at a rate faster than almost anyone expected. 

    Although this is only a report for one month, there definitely seems to be signs of an improving trend in many areas which bodes well for the future.

    Real Estate & Market Report: June 20, 2014

    In a week loaded with economic news and data investors seemed to be most interested in the words delivered from Janet Yellen, the Fed Chairman.  On Wednesday, the Fed completed their monthly FOMC meeting and announced that they did not expect interest rates to rise until 2015.   

    Real Estate & Market Report: June 13, 2014

    Today brings to an end the second week of a rather light economic calendar. For whatever reason the scheduling of economic data being released for the past two weeks has been rather sparse. The stock market up until Wednesdayhad been continuing its slow and steady climb toward the $17,000 mark.

    Real Estate & Market Report: June 06, 2014

    In the absence of any significant or surprising economic news this week, the stock market has kept on its path of hitting new records. The indices all hit new all-time highs.

    Jobs news!!! the Department of Labor reported today that the economy added 217,000 new jobs last month, beating out a consensus forecast of 213,000 among economists surveyed by Econoday. This left the national unemployment rate unchanged at 6.3 percent.

    Real Estate & Market Report: May 23, 2014

    With the exception of Tuesday, the equity markets were stable this week with gradual improvement through the end of the trading day on Thursday.  Thursday's market rise was driven primarily by improvement in retail sales for some large national chain stores.  The one setback for the week occurred on Tuesday with earning reports that came in worse than expected. 

    Real Estate & Market Report: May 16, 2014

    Mortgage rates have been slowly falling over the last month and mortgage rates have hit new lows for 2014. 

    In fact mortgage rates currently are about at the same level as October of last year. This should help the housing market slowly recover from a slow first four months of the year.


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    Real Estate & Market Report: May 09, 2014

    By: Fred Arnold

    The good news...mortgage rates will remain low for the foreseeable future.  More good news...mortgage rates have dropped to the lowest point thus far in 2014.  The bad news...the economy is slowing.  More bad news...the housing market seems to be stalling considerably. 

    Finally...the labor markets are not recovering at the pace in which the Fed had hoped.  This is the quick recap of Fed Chairman Janet Yellen's speech delivered on Thursday of this week.

    Real Estate & Market Report: May 02, 2014

    Outside of Monday's volatile trading day, the stock market was unusually stable for the remainder of the week through Thursday's closing bell. 

    On Monday the stock market took a wild ride in the Dow Jones Industrial Average dropped as much as 177 points before recovering back to close higher than where it started the day.  Monday's volatility was more having to do with perception than any real economic data.

    Real Estate & Market Report: April 25, 2014

    I consider myself a glass half full individual and always look for the bright side in everything, I found myself this week struggling to find housing news that would be positive for my friends.

    Heading into this week I was very optimistic about the numerous housing reports to be delivered only to be disappointed. The first housing report of the week, existing homes shows that sales are yet to recover from the Federal Reserve's decision last year, to begin tapering the economic stimulus program.  

    Real Estate & Market Report: April 21, 2014

    In a positive sign for the real estate market, housing starts picked up in March. Although not as much as expected, the increase was welcome news for a market that has not seen growth in recent months as so many experts has predicted would occur.