Weekly Housing Statistics from Fairfax Homes 7/13-7/16
Posted by Super Admin on Monday, July 19th, 2010 at 9:39am.Jul 13 – The trade deficit widened by 4.8% in May and was unexpected by economists who thought the deficit would narrow.
16 – Consumer prices fell 0.1% in June, reflecting the third straight month of decline. Lower gasoline prices mostly accounted for the decline. The core rate, excluding food and energy, rose 0.2%, but still remained very low. Over the past 12 months the CPI has increased 1.1%.
14 – Retail sales fell 0.5% in June, further evidence that the economy has slowed. Sales fell for the second straight month after seven consecutive increases.
16 – Consumer sentiment plummeted in early July, hitting the lowest level since August. This according to the widely followed Reuters / University of Michigan survey. The stock market tanked on the news. Consumers are worried about weak hiring and the economy.
16 - Oil closed the week at $76.01, down slightly from $76.09 last Friday.
Over the next week a slew of Fairfax homes housing related data is due to be released. Not many are expecting good news in those reports.
Rates continue to remain at or near 50-year lows with refinancing opportunities plentiful to lower your monthly payments and shorten mortgage terms [30 years to 20, 15 or even 10 years]. If you are searching for a home in Fairfax, call me.
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