Congress Returns as Government Shutdown Looms: Advisor Briefing for the Week of Feb. 28, 2011
Among likely developments of interest to advisors: DOL hearings on fiduciary, Bernanke testifying on monetary policy and the unemployment report for February.
Existing-Home Sales Rise on Foreclosures and Cash Deals
More people bought previously occupied homes in January. But sales surged on a rising number of foreclosures and all-cash deals, and not first-time home-buyers.
New Jersey Becomes 19th State to Ban Private Transfer Fees
On Monday, New Jersey became the 19th state to ban private transfer fees on real estate, also known as “reconveyance fees,” “capital recovery fees” or “home resale fees.”
Pending Home Sales Jumped in October: NAR
The U.S. housing market received some good news on Thursday as the National Association of Realtors reported that pending home sales jumped in October.
Existing Home Sales Slide, as Q3 GDP Is Revised Upward
Existing home sales fell 2.2% in October after two months of gains, to a seasonally adjusted rate of 4.43 million. Even as home sales...
Pending Home Sales Drop After Two Months of Gains
Pending home sales for September were down 1.8%, to 80.9, after increases in July and August, the NAR announced Friday.
Home Sales Rebound; Bernanke Targets U.S. Mortgage Banking Policy
A report that existing-home sales jumped 10% in September, signaling a housing market recovery, closely followed Ben Bernanke's announcement that the Fed is supporting foreclosure prevention at the local level.
Home Prices and Sales, Earnings and GDP: Advisor Briefing for the Week of Oct. 25, 2010
Earnings season begins to wind down--though TD Ameritrade, Ameriprise, and some big insurers report this week--as the political season heats up prior to next week's midterm elections. The final pre-election reports include third-quarter GDP, new and existing home sales and two readings on consumer sentiment.
Pending Home Sales Up; Factory Orders Down
Figures released Monday by the National Association of Realtors and the U.S. Census Bureau showed that, while there appears to be light at the end of the tunnel, it's more like a candle than a torch.
Congress Departs, Housing and Jobs Arrive: AdvisorOne Briefing for the Week of Oct. 4, 2010
The market-moving news for this week will come from reports on housing early and jobs later, while the Congress adjourns to take care of the business of getting re-elected. At week's end, the Financial Planning Association gathers in Denver for its annual meeting.