Please enjoy this quick update on what happened this week in the housing and financial markets.
Consumer prices rose in September, suggesting an increase in inflation that could keep the Fed on track for raising policy rates in December.
September's retail sales numbers offer another sign of an improving economy. Retail sales rose 0.6% in September and have increased 2.9% for the year.
The Fed will also look at employment when making a decision to raise policy rates, and this week's jobless claims showed the labor market remains strong.
In a sign that the housing recovery continues, a recent index showed home builder confidence at its second highest level of the year.
In another sign of housing market strength, single-family home starts surged in September. Groundbreakings jumped 8.1% to the highest level since February.
Despite a tight supply, existing home sales rebounded in September to rise 3.2%. Median prices of existing homes were up to $234,200, a 5.6% annual increase.
This is the time to get into the market! Text 'mlenssen' to 407.603.3635 for more information about buying, selling, financing!
Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.
Author:Mathias Lenssen Phone: 386-878-9830 Dated: October 21st 2016 Views: 54 About Mathias: My work with La Rosa Realty covers residential and commercial sales while also working with Platinum...
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