Week Through 9/18/09 Centreville homes information
Posted by Super Admin on Tuesday, September 22nd, 2009 at 11:57am.
Sep 15 – Retails sales jumped 2.7% in August due in large part on the Clunkers program. Excluding autos, retail sales up 1.1% in August.
Sep 15 – Federal Reserve Chairman Bernanke said the recession has ended – at least based on the numbers. He cautioned that the labor markets could remain weak through 2010. We'll be following the market for Fairfax homes here very closely in the near future.
Sep 16 – Consumer prices increased 0.4% in August, pushed higher by gasoline prices. In the past 12 months the CPI has fallen 1.5%.
Sep 18 - Oil closed the week at $72.04.
Rates continue to stay low despite the expectation that the recession is over and we are headed for better conditions. Refinance activity has picked up once again for those that missed out during the last dip in rates during the spring. Contact me for the current market for Fairfax homes.
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