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Market Report

    Real Estate & Market Report: February 28, 2014

    This week I am excited to report that there has been a lot of positive economic data and much of it is related to the housing market. On Tuesday the Federal Housing Finance Agency reported that home prices rebounded 0.8 percent in December after declining 0.1 percent in November. 

    The trend for home prices has been upward in recent months and the quarterly reports on prices have risen for 10 straight quarters.  Additionally, the FHFA reported that home prices are 7.7 percent higher than a year ago.

    Real Estate & Market Report: February 14, 2014

    Let me start with a special Valentine's Day wish to you.  Today is a day that I hope you are able to spend with that special someone in your life.  Whether it is your one true love, your best friend, a parent, your children or that person that you have a very special relationship with, I wish you a day of enjoyment and love.

    Real Estate & Market Report: February 07, 2014

    The highly anticipated employment report is in, not to my surprise, pretty much every analyst, expert, including ADP Payroll Services, were not even close in their predictions.  Expectations were that in the month of December the employment rolls would see an addition of 180,000 jobs to the labor force. 

    Real Estate & Market Report: January 31, 2014

    By: Fred Arnold

    Traders had no shortage of economic data and relevant economic news to trade on this week.  The stock market was more volatile this week than we have seen in quite a while. The little bit of irony that comes with it is that despite some of the daily wild swings in the DOW, the index is sitting fairly close to where it started the week.

    Real Estate & Market Report: December 20, 2013

    It was bound to happen...It was inevitable.  For well over a year the talk in the markets has been when is the Fed going to begin tapering the stimulus program?

    As I am sure you have heard by now, the announcement finally came on Wednesday afternoon with the FOMC's policy announcement and FOMC market forecast. It is official...the tapering will begin in January with a reduction of 10 billion dollars a month in bond purchases.

    Real Estate & Market Report: November 15, 2013

    By Fred Arnold

    In the absence of any major economic data this week the stock market has been hitting new record highs and the DOW has 16,000 in its sight. The market got a big boost on Thursday with the announcement from Janet Yellen that the Fed needs to be cautious in pulling back stimulus. 

    Real Estate & Market Report: November 1, 2013

    By: Fred Arnold

    What was supposed to be a week of major market moving news never really materialized.  The news reports came but the market did not seem to care much about anything that was reported.

    It seems that the majority of the reports came in with little surprise so investors made the best trades they could on the news.  Not to say that the market didn't move, however a jump or decline of 100 points these days is considered par for the course rather than a front page headline.

    Real Estate & Market Report: October 18, 2013

    The government shutdown is over 2013. "Woo Hoo."  The latest figures are that $600 Million was lost in production and performance for the entire time the government was closed.

    With the government functioning again, the economic reports are starting flow out to the public domain however, they are slow in coming.  Some of the reports that have come out are listed below:

    Real Estate & Market Report: October 11, 2013

    By: Fred Arnold

    The partial government shutdown is starting to impact housing, however it is not for the reason that most people think.  Many people believe that with government workers on hiatus and the threat of the U.S. defaulting on their debt payments that people will delay their decision to purchase or sell their home. 

    Although there may be some truth to this, at the present time this is not where the greatest concerns relating to the future health of housing exists.

    The first place the shutdown is having an impact is with FHA loans.  These types of loans require the government to issue insurance to the lenders that are closing these loans.  With the government shutdown happening, currently the Federal Housing Administration is working with a skeleton crew attempting to remain caught up on all the requests for insurance. 

    Real Estate & Market Report: October 4, 2013

    I was truly honored to be one of the honorees at the SCV Boy Scouts of America Leaders of Character event on September 28thBoy Scouts of America, SCV 8th annual Leaders of Character, Fred Arnold.