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    Wells Fargo - Weekly Econimic & Financial Update 10-13-17

    Harvey and Irma Push Up Inflation and Retail Sales

    Higher gasoline prices and replacing storm-damaged property
    put upward pressure on the CPI and retail sales in September.  Core CPI came in softer than expected, which does little to clarify the underlying inflation trend the Fed is seeking. Read more  or  Listen to the Monthly Economic Outlook View Video

    Keeping Current 9-8-17

    Employement grew by 156,000 jobs in August, down from 178,400 average gain during the first seven months of 2017.  The job gains originally estimated for June and July were pared back by a total of 41,000 jobs.  Employment is up 2.16 million jobs, or 1.5% from August 2016.  Read more.

     Keeping Current 8-28-17

    Existing home sales slipped for the second consecutive month, following June's 2.0% decline with a 1.3% drop in July.  The seasonally adjustedannual sales rate for July was 5.44 million units.  Year-to-date existing home sales ar 2.5% ahead of the first seven months of 2016.  Read more

    Keeping Current 7-14-2017

    Payroll employment rose by 222,000 jobs in June, beating the average monthly gain of 171,400 jobs set during the first five months of 2017. The net addition of 1,079,000 jobs in the first half of 2017 virtually matches the job creation of the first half of 2016.Read more

    Keeping Current 5-19-2017

    • Employment grew by 211,000 jobs in April. Through the first four months of 2017, employment has grown by a monthly average of 184,500 jobs, virtually matching the average gain through the first four months of 2016.
    • The unemployment rate dropped to 4.4% in April, its lowest point since reaching 4.3% in May 2001. A year ago, it stood at 5.0%.
    • The civilian labor force participation rate was 62.9% in April, just slightly higher than last year's 62.8%. This ratio is the labor force (adults employed or actively looking for work) divided by the adult population, less those on active military duty.  Read More

    Keeping Current 5-9-2017

    • Existing home sales hit a ten-year high in March, with an annual rate of 5.71 million units sold. For the full year, 5.45 million homes were sold in 2016. Sales in the first quarter of 2017 were up 5.1% over sales during last year's first quarter.
    • The median price of existing homes sold in March was $236,400, up 6.8% from the median price in March 2016. Half of the properties sold in March were on the market for 34 days or fewer, down from a median of 47 days on the market a year earlier.  Read More

    Keeping Current - Wells Fargo 4.24.2017

    • Employment rose by 98,000 jobs in March, about half of the average monthly gain recorded in 2016. The number of nonfarm payroll jobs grew 1.52% over the past year, the slowest growth over a twelve month period since early 2013.
    • The unemployment rate dropped to 4.5% in March, its lowest level in almost 10 years. It was 4.7% in February and 5.0% in March 2016. Read More

    Wells Fargo 5.5.2017 Existing home sales fell by 3.7% in February to a seasonally adjusted annualized rate of 5.48 million units. January's pace of 5.69 million units was the strongest pace in almost ten years. Sales in 2016 totaled 5.44 million units.1

    • The median price of existing homes sold in February was $228,400, up 7.7% from February 2016. Over the past four years, the median price has risen at a 7.2% average annual rate.  Read Complete Article

     

New You Can Use - Real Estate and Relocation News
  • News

     

    Wells Fargo - Weekly Econimic & Financial Update 10-13-17

    Harvey and Irma Push Up Inflation and Retail Sales

    Higher gasoline prices and replacing storm-damaged property
    put upward pressure on the CPI and retail sales in September.  Core CPI came in softer than expected, which does little to clarify the underlying inflation trend the Fed is seeking. Read more  or  Listen to the Monthly Economic Outlook View Video

    Keeping Current 9-8-17

    Employement grew by 156,000 jobs in August, down from 178,400 average gain during the first seven months of 2017.  The job gains originally estimated for June and July were pared back by a total of 41,000 jobs.  Employment is up 2.16 million jobs, or 1.5% from August 2016.  Read more.

     Keeping Current 8-28-17

    Existing home sales slipped for the second consecutive month, following June's 2.0% decline with a 1.3% drop in July.  The seasonally adjustedannual sales rate for July was 5.44 million units.  Year-to-date existing home sales ar 2.5% ahead of the first seven months of 2016.  Read more

    Keeping Current 7-14-2017

    Payroll employment rose by 222,000 jobs in June, beating the average monthly gain of 171,400 jobs set during the first five months of 2017. The net addition of 1,079,000 jobs in the first half of 2017 virtually matches the job creation of the first half of 2016.Read more

    Keeping Current 5-19-2017

    • Employment grew by 211,000 jobs in April. Through the first four months of 2017, employment has grown by a monthly average of 184,500 jobs, virtually matching the average gain through the first four months of 2016.
    • The unemployment rate dropped to 4.4% in April, its lowest point since reaching 4.3% in May 2001. A year ago, it stood at 5.0%.
    • The civilian labor force participation rate was 62.9% in April, just slightly higher than last year's 62.8%. This ratio is the labor force (adults employed or actively looking for work) divided by the adult population, less those on active military duty.  Read More

    Keeping Current 5-9-2017

    • Existing home sales hit a ten-year high in March, with an annual rate of 5.71 million units sold. For the full year, 5.45 million homes were sold in 2016. Sales in the first quarter of 2017 were up 5.1% over sales during last year's first quarter.
    • The median price of existing homes sold in March was $236,400, up 6.8% from the median price in March 2016. Half of the properties sold in March were on the market for 34 days or fewer, down from a median of 47 days on the market a year earlier.  Read More

    Keeping Current - Wells Fargo 4.24.2017

    • Employment rose by 98,000 jobs in March, about half of the average monthly gain recorded in 2016. The number of nonfarm payroll jobs grew 1.52% over the past year, the slowest growth over a twelve month period since early 2013.
    • The unemployment rate dropped to 4.5% in March, its lowest level in almost 10 years. It was 4.7% in February and 5.0% in March 2016. Read More

    Wells Fargo 5.5.2017 Existing home sales fell by 3.7% in February to a seasonally adjusted annualized rate of 5.48 million units. January's pace of 5.69 million units was the strongest pace in almost ten years. Sales in 2016 totaled 5.44 million units.1

    • The median price of existing homes sold in February was $228,400, up 7.7% from February 2016. Over the past four years, the median price has risen at a 7.2% average annual rate.  Read Complete Article