Last week, there were several reports containing good news. The good news on the labor front was last week’s Initial Jobless Claims, which fell to 339,000. This is the lowest level in over four years. Along with this drop came word of the drop in the unemployment rate to 7.8% in September. Along the same [...]
Grand Strand Real Estate Market Regaining it’s Health
October 19, 2012 by Leave a Comment
According to Gene Carter, real estate agent with the Hoffman Group, “the residential real estate market along the Grand Strand is continuing to regain its health. Recently released stats back up the trends that agents are seeing on the streets. For one thing, distressed sales are becoming less of a dominant force as the number [...]
More Good News
October 11, 2012 by Leave a Comment
The Labor Department’s recent Jobs Report shows that 114,000 new jobs were created in September with 104,000 coming from private sector gains. This number was lower than expected though the good news is that the jobs numbers for July and August have been revised to a much higher number. More good news has come out [...]
The Current State of Home Loan Rates
September 28, 2012 by Leave a Comment
With last week’s news that the Fed would commence another round of Bond buying, or Quantitative Easing (QE3), there was a lot of action in the financial markets. This has had a positive effect on home loan rates. Quantitative Easing is the concept of the Fed buying Treasuries and Bonds all in an effort to [...]
The Fed Announces Another Round of Quantitative Easing
September 21, 2012 by Leave a Comment
This past week the Fed announced another round of Quantitative Easing, or QE3. QE3 allows the Fed to become a buyer of Treasuries and Bonds in order to stimulate the economy. This is typically initiated when the Fed is hoping to create inflation and avoid deflation, to lower the unemployment rate, and/or to boost Stock [...]
Inside This Week’s Market News for the Week of September 14
September 14, 2012 by Leave a Comment
This past Friday the Labor Department announced that the number of jobs created in August amounted to 96,000, well under the expected number of 130,000. Reportedly, only 103,000 private sector jobs were created, while government job losses were at their expected levels. Strangly, the Unemployment Rate dropped from 8.3% to 8.1% – possibly due to [...]
Inside This Week’s Market News for the Week of August 30th
August 29, 2012 by Leave a Comment
Minutes from last week’s Federal Open Market Committee meeting showed that the Fed is moving closer to another session of Quantitative Easing, or QE3, at their next meeting. These rumors may help Bonds, which will in turn help home loan rates as they are tied to Mortgage Bonds. The rumors of a QE3 from last [...]
Inside This Week’s Market News for the Week of August 20th
August 22, 2012 by Leave a Comment
The economic reports last week delivered mixed news on the state of the economy. The Retail Sales number came back at 0.8%, higher than expected, while the Building Permits rose to its highest level in four years. Consumer Sentiment also managed to improve and came in higher than expected. Finally, inflation at the consumer level [...]
Myrtle Beach Real Estate Inventory Trends – August 14, 2012
August 14, 2012 by Leave a Comment
For those who are considering buying some of the prime residential or condo real estate in Myrtle Beach, or maybe selling, what are the trends now that we are late into the summer months? According to the Coastal Carolina’s Association of REALTORS Service (MLS) the inventory dropped about 8 percent, to 4,417 listings, for single-family homes, and a 12 [...]
Inside This Week’s Market News for the Week of August 13th
August 14, 2012 by Leave a Comment
Last week was a slow week with only two economic reports being released and the news was mixed. Productivity reportedly rose by 1.6% in the 2nd quarter of 2012, which signals that companies are getting more out of their current employees and may not be adding workers which, could potentially slow job growth. The good [...]
