Monday Cup of Coffee

Monday Morning Coffee Jan 8

Strong housing data continued to roll in over the past week. In November, contracts signed to buy new homes surged 18% from October to the highest level since 2007. Contracts signed in November to buy previously owned homes also exceeded the expected levels. Despite the strong data, mortgage rates ended the week a little lower.…

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Monday Cup of Coffee December 11

Last month, the index reached the highest level since 2004! While it dropped a little this month to 97.8, this was still the second highest reading of the year.  In October 2016, prior to the election, the index was at a level of just 87.2.  As we have discussed in the past, consumer confidence is…

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Monday cup of Coffee December 4

Mortgage rates are holding steady. Recent economic events have had little impact. As expected, U.S. jobs bounced back from hurricane-related losses. The average monthly job gains over the past three months were 162K, which is in line with the levels seen earlier in the year, causing little impact on rates. The unemployment rate, which is…

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Monday Cup of Coffee Nov 20

Economic predictions for U.S. economic growth remain at 2% to 2.5%, slightly faster than average in this long-running expansion. Short-term, however, hurricane disruptions are likely to obscure some stronger trends. The possibility of corporate and individual tax cuts has improved the prospects for growth in 2018 and beyond, aided by still-low interest rates. We expect…

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Monday Cup of Coffee Nov 06

The month of November is a surprisingly popular month, and not just because of Thanksgiving.  Statistically, November is one of the best months of the year to place a home on the market. The chances of successfully closing a home placed on the market in the month of November is typically one of the best…

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Monday Cup of Coffee Oct 23

In August, single-family housing starts rose from July. The streak of strong readings seen over the last three months may be at risk, however, as the effects of the hurricanes will be seen in coming months.  According to the Commerce Department, about 13% of home construction takes place in regions in Texas and Florida that were affected…

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