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Stock Market

    Real Estate & Market Report: May 3, 2013

    By: Fred Arnold

    Sunday is Cinco de Mayo, hence the real-life, true, yes, true, well kind of true tale at the end of the paragraph. Anyway, Sunday celebrates the Fred Arnoldlegendary Battle of Puebla on May 5, 1862, in which a Mexican force of 4,500 men faced 6,000 well-trained French soldiers. The battle lasted four hours and ended in a victory for the Mexican army under Gen. Ignacio Zaragoza. Cinco de Mayo has become a time to celebrate Mexican heritage and culture.

    Most people don't know that in 1912, Hellmann's mayonnaise was manufactured in England. In fact, the Titanic was carrying 12,000 jars of the condiment scheduled for delivery in Vera Cruz, Mexico, which was to have been the next port of call for the great ship after its stop in New York.
    This would have been the largest single shipment of mayonnaise ever delivered to Mexico. But as we know, the great ship did not make it to New York. The ship hit an iceberg and sank, and the cargo was lost forever.

    Real Estate & Market Report: April 26, 2013

    BY FRED ARNOLDFred Arnold

    Without much to go on, the stock market has traded within a fairly narrow range this week.  Corporate earnings, which are being released daily, are coming out with few surprises.  It was reported at 8:30am Friday that GDP grew 2.5% for the first quarter of 2013.  This increase was more than most experts predicted.  More importantly, it shows that the country is continuing to get back to consistent economic growth.

    Real Estate & Market Report: April 19, 2013

    As your mortgage professional, Fred Arnold is happy to assist you with any information you may need regarding mortgage or real estate information. Fred Arnold welcomes the opportunity to serve you in any way he possibly can, 661-505-4300.

    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: April 5, 2013

    It appears that the stock market rally that we have been experiencing over the last month has lost some of its momentum.  For the week, the market has remained in a fairly Fred Arnoldnarrow range of plus or minus 100 points.  The media loves to sensationalize events so you will hear on some days that the market has hit new record highs.  However, when you look at the numbers you will see that the records being achieved are coming from minimal gains in the markets.

    Real Estate & Market Report: March 29, 2013

    Fred ArnoldBY FRED ARNOLD

    Mortgage rates after weeks of slowly rising have returned to lower levels that we experienced 2 weeks ago.  The cause for the interest rate decline is the emerging concern about Europe’s financial instability and how it may impact the United States.  The biggest issue in Europe has been the banking crisis in Cyprus that has had their banks closed for over a week.  (Can you imagine what would happen in the U.S. if the banks closed down for a week and you could only access your money through an ATM?)

    Real Estate & Market Report: March 22, 2013

    By: FRED ARNOLD

    Q: How do you know when the stock market is volatile & unstable? A: The morning bell is rung by Britney Spears!

    Go Figure! The housing market index to almost everyone’s surprise turned lower for the second straight month. The issue seems to be more about builders having Fred Arnolddifficulty locating available lots to build and a lack of credit for new home construction than buyer demand. The positive side to the report is that although present conditions seem challenging for builders, sales traffic seems to be quite robust and shows no signs of slowing down.Housing starts made a partial comeback in February; however, what many consider important for the future is that housing permits made a significant gain. Housing starts in February rebounded 0.8 percent, after they had dropped 7.3 percent in January. The report also reinforces that the market is in a much better place than a year ago as housing starts are up a whopping 27.7 percent from the same time last year. Housing permits continue on an upward trend increasing by 4.6 percent.

    Real Estate & Market Report: February 8, 2013

    BY FRED ARNOLD

    The stock market has been eerily quiet as of late. The markets have pulled back off of their most recent high’s and it appears that the decline is more about financial Fred Arnolduncertainty than about specific economic events or data here in the United States, however Europe is playing a part in the declines.

    Earlier this week the U.S. markets followed the European markets lower as political instability made headlines in Spain and Italy. There are new allegations of corruption against the Prime Minister of Spain combined with a banking scandal in Italy.