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Wednesday

Slight Chance Thunderstorms
Slight Chance Thunderstorms
High: 81 °F
Low: 60 °F

Thursday

Mostly Sunny
Mostly Sunny
High: 88 °F
Low: 62 °F

Friday

Mostly Sunny
Mostly Sunny
High: 88 °F
Low: 62 °F

Real Estate Report

    Real Estate & Market Report: August 01, 2014

    It's amazing how  home values here in California keep rising, just last week we closed a loan for a client that was unable to refinance their home just a year ago because they did not have enough equity at the time.

    This saved our client a ton of money each month and now have a plan to pay their home off sooner. If I can help you, your friends or good neighbors please call and we can see how we can  help you take advantage of these currently low rates. Now on to this week2019s report!

    Real Estate & Market Report: July 21, 2014

    While the corporate profit reports being released as of late are stronger than expected, geopolitical concerns are dragging down the stock market in a big way. On Wednesday the DOW hit another record high which kept the upward momentum of the market going. However on Thursday the market did a turnaround and dropped 161 points. 

    Real Estate & Market Report: July 11, 2014

    It seems clear that we are in the summer trading season in which stock trading volume has been lighter than normal.  Combine that with the lack of market moving economic data this week, and combine it with coming off the July 4th holiday weekend, there has been little to talk about.  Even the release of the FOMC minutes on Wednesday did little to impact the markets.

    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: April 12, 2013

    Fred ArnoldBY FRED ARNOLD
    Joke: A new business was opening and one of the owners friends wanted to send flowers for the occasion. They arrived at the new business site and the owner read the card; it said "Rest in Peace". The owner was angry and called the florist to complain. After he had told the florist of the obvious mistake and how angry he was ,the florist said. "Sir, Im really sorry for the mistake, but rather than getting angry you should imagine this: somewhere there is a funeral taking place today, and they have flowers with a note saying, "Congratulations on your new location."

    The stock market this week has continued its recent consistent pattern of hitting new record highs. The pattern has lasted since last week and had been gaining momentum almost daily however on Friday it is possible the rising pattern may take a breather.

    Real Estate & Market Report: February 15, 2013

    BY FRED ARNOLD

    The stock market on Wednesday came within 200 points of the all-time record high.  Unfortunately some weaker than expected economic news coming out of China and Fred ArnoldEurope put a damper on investor excitement.   Both countries are showing slower growth than anticipated and that has investors concerned about whether it is a sign of things to come in the U.S.

    Right now Housing seems to be where it’s at…Stocks related to the improving housing market continue to rise rapidly and there seems to be no lull in sight.  Homebuilder stocks have increased 77% through early December.  Lumber has risen 74% and home-improvement stores have jumped 55%.  These areas of the stock market were the top-performing industries in 2012, according to Morningstar.