SCV Chinese School – Banner
Adage IT – Banner
Green Convergence – Sun Power – Banner
Academy Swim Club – Banner
PizzaRev – Banner
San Diego Zoo – Generic – Banner
Nothing Bundt Cakes – Banner
Facey – Banner
Valencia Town Center – Farmer’s Market – Banner
SCV Chinese School – Banner 2
Newhall Land – 2015 – Banner
Union Bank – Banner
Santa Clarita Autosound – Banner
Santa Clarita Transit – Dump the Pump – Banner
Simply Taylored – Banner
AV Party Rental – Banner
Newhall Land – Banner
Patterson’s Collision Center – Banner
Hugo Naturals – Banner
Brent’s Carpet One – Banner
Beyond Harmony – Banner
IHOP – Banner
Action Family Counseling – Banner
Galpin Motors – Banner
All Americans Bail Bonds – Banner
SCV Senior Center – Touch A Truck 2015 – Banner
College Of The Canyons – Banner
It is forecast to be Overcast at 7:00 PM PDT on May 21, 2015
Home » Santa Clarita News » SCV Your Home Inside And Out » Real Estate And Market Report For July 15

Real Estate And Market Report For July 15

By Fred Arnold:

It is becoming clearer that business, and even consumers are becoming more and more concerned about the daily news and warnings regarding the government defaulting on their debt unless the debt ceiling is raised.

What I do know is that the government needs to borrow more money.  The Republicans say they won’t approve additional borrowing unless Congress commits to reducing expenses and not increasing taxes.  The Democrats say they want to reduce expenses and increase taxes and that is the only way to balance a budget.  Let’s see how the story plays out over the next two week!

Click here to get the weekly SCV Your Home Inside And Out Newsletters delivered right to your inbox!

To add to the confusion, the Fed is clearly conflicted about what they will or won’t do to help the recovery. On Tuesday the FOMC minutes that were released indicated that some people in the committee believe that another round of stimulus may be necessary to spur the economy, or at least get it moving again.  On Wednesday Chairman Bernake stated that the Fed is prepared to offer more assistance if the economy continues to falter.  On Thursday Chairman Bernake stated that the Fed is not willing to launch another stimulus program. Which is it…is the Fed going to go left right or straight? Will the government go left right or straight? Sounds like a movie of a summer road trip where the travelers are arguing in the car about which way to go to get the where they need to be!

In other news, mortgage rates continue to remain very low and little changed from the prior week.

Foreclosures for the first half of 2011 showed a significant drop of 29% from the same time a year ago.  That is the good news.  The not so good news is that it appears the drop is more a reflection of the banks slowing the process of initiating and completing foreclosures than anything else.  The banks are already overloaded with properties they own and they are clearly in no rush to add more houses to their real estate owned inventory.

Inflation continues to remain under control. That’s great news! Prices on the wholesale and retail level came in showing that inflation pressure is virtually non-existent and will most likely remain that way for some time.

Finally, first time jobless claims edged lower to 405,000.  This is the closest we have been to the 400,000 mark in eight weeks.  The question that needs to be answered is…is the drop related to an improving employment picture, or is it because it was a holiday week? Next week’s report should shed some light on what is really going on.

Economic Reports on tap for next week:

o    Monday July 18th – Housing Market Index

o    Tuesday July 19th – Housing Starts

o    Wednesday July 20th -MBA Mortgage Applications and Existing Home Sales

o    Thursday July 21st – First Time Jobless Claims

Have a great weekend!

Check out more articles in our SCV “Your Home Inside And Out” section.

Real Estate And Market Report For July 15

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

About KHTS AM 1220

All American Bail Bonds – News Banner
Academy Swim Club – News Banner
Hugo Naturals – News Banner
Beyond Harmony – News Banner
Action Family Counseling – News Banner
College Of The Canyons – News Banner
AV Party Rental – News Banner
Mannered Mutt – Tile
Union Bank – Tile
AV Party Rental – Tile
Academy Swim Club – Tile
PizzaRev – Tile
Newhall Land – Tile