Week Through 4/17/09 South Riding homes doing well
Posted by Super Admin on Monday, April 20th, 2009 at 9:08am.April 15 – Led by lower energy prices, overall consumer prices fell 0.1% in March. The core CPI, which excludes food and energy, rose 0.2% for the third consecutive month, boosted by higher prices for tobacco and smoking products and new vehicles. The gain was twice what economists expected.
Apr 15 – The Federal Reserve reported that the economy continued to worsen across the country in March and early April, amid scattered signs that the pace of the decline was lessening in some regions.
Apr 16 – Building permits fell and construction of new homes dropped sharply again in March, after a big gain in February has raised hopes of a recovery. The good news is single-family starts did not decline in Fairfax only multi-family starts.
Apr 16 – Home Builders sentiment increased in March to its highest point since October of last year - a good sign that we have or are close to bottoming out.
Apr 17 - Oil closed the week at $50.33 a barrel.
Interest rates continue to trade in a very narrow range with daily blips up and down as people take advantage of the refinancing opportunities that are now available. I love to search for Fairfax homes and find the perfect one for my clients. Let me work for you.
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