KHTS Radio Santa Clarita Radio – Santa Clarita News
The minutes released from last month’s Fed meeting showed some members don’t agree that low inflation is transitory. Low inflation helps keep rates low.
However, it’s still expected that the Fed will leave rates unchanged in Oct/Nov but will hike policy rates in December. There’s an 88% probability, at the moment.
Producer prices rose in September as gasoline prices jumped. Jobless claims dropped to a one-month low, showing strength in the labor market.
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Natural disasters continue to reduce inventory in already tight markets. An estimated 9.1 million homes are at risk in Napa & Sonoma counties in California.
The buzz about net-zero homes continues to build. These highly energy efficient homes produce as much or more energy as they consume for heating & cooling.
The number of unfilled jobs in construction continued to rise in August to the highest level since Feb 2007. Homebuilders added over 80k jobs in the last year.
Do you have a news tip? Call us at (661) 298-1220, or drop us a line at community@hometownstation.com.Next week’s potential market moving reports are:
Tuesday, October 17th: Industrial Production, Housing Market Index
Wednesday, October 18th: MBA Mortgage Applications, Housing Starts
Thursday, October 19th: First Time Jobless Claims
Friday, October 20th: Existing Home Sales
As your mortgage and real estate professional, I am happy to assist you with any information you may need regarding mortgage or real estate trends. I welcome the opportunity to serve you in any way I possibly can. Please feel free to reach me at (661) 505-4300.
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