More Encouraging Myrtle Beach Market News

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 [...]

Inside This Week’s Market News for the Week of September 14

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 13th

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 [...]

Inside This Week’s Market News for the Week of July 30th

Good news last week includes the Q2 2012 Gross Domestic Product (GDP) growing by 1.5% (above expectations), Jobless Claims dropping only 35,000 (below expectations), and Durable Orders rising 1.6% (above expectations). However, New Homes Sales did fall 8.4% in June while foreclosures increased for the first half of 2012. Many wonder if the Fed will [...]

The Upcoming News from the Housing Market

Last week’s economic reports appear uncertain about the current economic look. Retail Sales fell more than expected while the National Association of Businesses reported that 23% of people in a recent survey think that US employment will rise over the next six months. However, inflation has remained the same at the consumer level while Housing [...]

This Summer’s Market News Report

The Bureau of Labor Statistics reported last June that just 80,000 jobs were created, with 84,000 private job gains and 4,000 government job losses. Additional revisions to numbers reported in April and May added an additional 1,000 jobs lost. These numbers show an average of just 75,000 job creations in the second quarter of 2012 [...]

Inside This Week’s Market News for the Week of June 27th

Last week, the Fed decided to extend  known as Operation Twist, a program where the Fed sells short-term securities and Notes while purchasing long-term Notes and Bonds in an effort to lower long-term rates.  The recent negative economic reports on the slow employment growth, the continued elevated levels in unemployment, as well as the recent [...]

Inside This Week’s Market News for the Week of June 19th

Bonds and home loan rates are continuing to improve due to several key factors both at home and abroad. First, inflation rates are remaining stable as the Consumer Price Index (CPI) fell only 0.3% in May, the lowest in 3 years. Inflation rates at the wholesale level also remain stable as the Producer Price Index [...]

Inside This Week’s Market News for May 22

News last week was dominated by reports that the European Central Bank (ECB) stopped providing funding to some Greek Banks. Additionally, Spain will reportedly be in a recession throughout next year as the country seems to be drowning in debt with Bond yields not rising to higher levels. With this much risk in the market, [...]

Inside This Week’s Market News for the Week of May 15th

Out of a reported 146 metro cities surveyed, the National Association of Realtors announced that home prices have risen in nearly 75 of them in Q1 of 2012. This is an improvement from the 29 cities that saw home price increases in Q4 of last year. Additionally, the National Association of Realtors has also reported [...]