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.
Existing-Home Sales Rise 7.6% in August; LEI Edges Higher
Existing-home sales rose in August following a big correction in July, according to the National Association of Realtors (NAR), which reported a 7.6% increase.
NAR Pending Home Sales Up 5.2%; MBA Mortgage Applications Up
Home buyers for the rest of 2010 have an edge over sellers.
NAR Pending Home Sales Rise 5.2%; MBA Mortgage Applications Up
Pending home sales rose in July as mortgage rates hit new lows and mortgage applications increased, showing that the U.S. housing market is a bargain now for those who can take advantage of it.
New Home Sales Plunge to Record Low; Durable Goods Up but Ailing
Sales of new single-family houses in July fell 12.4% to 276,600, the slowest pace of sales on record since 1963. July durable goods orders rose slightly, but the increase came mainly from airplane orders.
NAR Existing Home Sales Plummet to Record Low; Retail Also Down
Existing-home sales dropped sharply in July to historic lows after the home buyer tax credit expired, but home prices continued to gain, the National Association of Realtors (NAR) reported Tuesday, August 24.
Income, Spending Flat in June as Pending Home Sales, Factory Orders Fell
Bullish economic news was not to be found on August 3 as personal income and spending were reported flat in June while wages paid fell. Pending home sales declined, and factory orders fell for the second month in a row.
Existing Home Sales Fell 5.1% in June With End of Home Buyer Tax Credit
Existing home sales fell 5.1% in June, with 5.37 million single-family homes, townhomes, condos, and co-ops sold compared to 5.66 million in May, the National Association of Realtors said.
Existing Home Sales Fell 2.2% in May on Expiration of Tax Credit
Existing home sales fell 2.2% in May after the federal tax credit for home buyers ended April 30, the National Association of Realtors (NAR) reported.
U.S. Stock Market Jumps on Strong Housing Data
Dow has its third biggest gain of 2010