New You Can Use - Real Estate and Relocation News
  • News

    Keeping Current 5-19-2017

    • Employment grew by 211,000 jobs in April. Through the first four months of 2017, employment has grown by a monthly average of 184,500 jobs, virtually matching the average gain through the first four months of 2016.
    • The unemployment rate dropped to 4.4% in April, its lowest point since reaching 4.3% in May 2001. A year ago, it stood at 5.0%.
    • The civilian labor force participation rate was 62.9% in April, just slightly higher than last year's 62.8%. This ratio is the labor force (adults employed or actively looking for work) divided by the adult population, less those on active military duty.  Read More

    Keeping Current 5-9-2017

    • Existing home sales hit a ten-year high in March, with an annual rate of 5.71 million units sold. For the full year, 5.45 million homes were sold in 2016. Sales in the first quarter of 2017 were up 5.1% over sales during last year's first quarter.
    • The median price of existing homes sold in March was $236,400, up 6.8% from the median price in March 2016. Half of the properties sold in March were on the market for 34 days or fewer, down from a median of 47 days on the market a year earlier.  Read More

    Keeping Current - Wells Fargo 4.24.2017

    • Employment rose by 98,000 jobs in March, about half of the average monthly gain recorded in 2016. The number of nonfarm payroll jobs grew 1.52% over the past year, the slowest growth over a twelve month period since early 2013.
    • The unemployment rate dropped to 4.5% in March, its lowest level in almost 10 years. It was 4.7% in February and 5.0% in March 2016. Read More

    Wells Fargo 5.5.2017Existing home sales fell by 3.7% in February to a seasonally adjusted annualized rate of 5.48 million units. January's pace of 5.69 million units was the strongest pace in almost ten years. Sales in 2016 totaled 5.44 million units.1

    • The median price of existing homes sold in February was $228,400, up 7.7% from February 2016. Over the past four years, the median price has risen at a 7.2% average annual rate.  Read Complete Article

    Wells Fargo U.S. Review 2.10.2017 Light Data Week as We Wait for Fed Policy Clarity

    • The economic data were on the lighter side this week. JOLTS, import prices and the trade balance were key pieces of new information and continued to support a positive assessment of the domestic economy.
    • We updated our economic outlook for the medium term; we see growth of 1.7 percent in Q1, 2.2 percent for 2017 as a whole and 2.4 percent in 2018. There is considerable uncertainty regarding fiscal policy outcomes, but we doubt they will meaningfully play out in the economy before next year.

    Global:   Update on NAFTA Trading Partners

    • The Mexican peso has depreciated sharply versus the U.S. dollar since Election Day, which has contributed to the sharp rise in Mexican CPI inflation in the past two months. The Bank of Mexico hiked its main policy rate by 50 bps this week in an attempt to keep inflationary expectations in check.
    • In Canada, the stabilization in oil prices has caused the trade account to swing back into a small surplus after two years of red ink. Employment growth has been strong in recent months, but the Bank of Canada continues to maintain a cautious approach to policymaking. Read More

New You Can Use - Real Estate and Relocation News
  • News

    Keeping Current 5-19-2017

    • Employment grew by 211,000 jobs in April. Through the first four months of 2017, employment has grown by a monthly average of 184,500 jobs, virtually matching the average gain through the first four months of 2016.
    • The unemployment rate dropped to 4.4% in April, its lowest point since reaching 4.3% in May 2001. A year ago, it stood at 5.0%.
    • The civilian labor force participation rate was 62.9% in April, just slightly higher than last year's 62.8%. This ratio is the labor force (adults employed or actively looking for work) divided by the adult population, less those on active military duty.  Read More

    Keeping Current 5-9-2017

    • Existing home sales hit a ten-year high in March, with an annual rate of 5.71 million units sold. For the full year, 5.45 million homes were sold in 2016. Sales in the first quarter of 2017 were up 5.1% over sales during last year's first quarter.
    • The median price of existing homes sold in March was $236,400, up 6.8% from the median price in March 2016. Half of the properties sold in March were on the market for 34 days or fewer, down from a median of 47 days on the market a year earlier.  Read More

    Keeping Current - Wells Fargo 4.24.2017

    • Employment rose by 98,000 jobs in March, about half of the average monthly gain recorded in 2016. The number of nonfarm payroll jobs grew 1.52% over the past year, the slowest growth over a twelve month period since early 2013.
    • The unemployment rate dropped to 4.5% in March, its lowest level in almost 10 years. It was 4.7% in February and 5.0% in March 2016. Read More

    Wells Fargo 5.5.2017Existing home sales fell by 3.7% in February to a seasonally adjusted annualized rate of 5.48 million units. January's pace of 5.69 million units was the strongest pace in almost ten years. Sales in 2016 totaled 5.44 million units.1

    • The median price of existing homes sold in February was $228,400, up 7.7% from February 2016. Over the past four years, the median price has risen at a 7.2% average annual rate.  Read Complete Article

    Wells Fargo U.S. Review 2.10.2017 Light Data Week as We Wait for Fed Policy Clarity

    • The economic data were on the lighter side this week. JOLTS, import prices and the trade balance were key pieces of new information and continued to support a positive assessment of the domestic economy.
    • We updated our economic outlook for the medium term; we see growth of 1.7 percent in Q1, 2.2 percent for 2017 as a whole and 2.4 percent in 2018. There is considerable uncertainty regarding fiscal policy outcomes, but we doubt they will meaningfully play out in the economy before next year.

    Global:   Update on NAFTA Trading Partners

    • The Mexican peso has depreciated sharply versus the U.S. dollar since Election Day, which has contributed to the sharp rise in Mexican CPI inflation in the past two months. The Bank of Mexico hiked its main policy rate by 50 bps this week in an attempt to keep inflationary expectations in check.
    • In Canada, the stabilization in oil prices has caused the trade account to swing back into a small surplus after two years of red ink. Employment growth has been strong in recent months, but the Bank of Canada continues to maintain a cautious approach to policymaking. Read More