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Existing Home Sales for January fell 3.2% month over month, and have now dropped 4.8% year over year. The market call was for a decline of 3.6%, so the result was just slightly better than expectations. Inventory, now sitting at a 19-year low, remains the real reason for the decline. While existi...
The government shut down Thursday night at midnight, but reopened just a few hours later as the bill passed the House with the President signing around 7:40am CST Friday morning. Looking at the details of the bill, “…the two-year deal that raises spending levels $300 billion above the caps implem...
Personal Income and Spending were both up .4%. Wages and salaries also are showing solid gains of .5%. However, giving a hint of trouble ahead is that the savings rate dropped .1% to a 13-year low. We have also noticed an acceleration of credit in both credit cards and car loans over the past yea...
Undeterred by higher interest rates, homebuyers led the MBA’s weekly applications for the week ending 1/19 higher by 6.0%. Refis rose 1.0% to put the composite index at plus 4.5%. Good start to the new year. Speaking of home sales, Existing Home Sales fell 3.6% in December following a 5.6% gain i...
The January NAHB-Wells Fargo housing market index dipped two points to a reading of 72 from 74 in December. The data was right on with market expectations, as the consensus forecast was for a modest fall to 72. The NAHB index is at an elevated level that reflects some more significant optimism am...
Construction Spending for November rose .8% to an all-time high of 1.257 trillion following a downwardly revised October print of plus .9%. Market expectations were for a call of plus .6%. Spending on residential construction rose 1.0% with single family homes up 1.9%. Year on year shows the stre...
ISM Non-Manufacturing Index fell 2.7 points in November, yet remains well above 50 (expansion) at 57.4. Lingering effects from the hurricanes seem to have been the culprit behind the drop as all other sub-indexes remained in expansion mode.The Trade Balance (deficit) widened to -$48.7 billion. It...
Mortgage applications for the previous week were mostly flat, up.1% on some stronger purchase activity (+5.3%) and weaker refi activity (-4.8%).Existing Home Sales rose 2% in October, a nice rebound from the hurricane affected .7% rise in September. Sales in Houston and Jacksonville recovered nic...
September Job Openings rose to 6.093mln, an increase of 3k over the prior month’s revised 6.09mln print. The job openings rate was 4% in September, unchanged from August, and now .2% higher than a year ago. The largest increases in job openings for September came in professional and business serv...
9540 Tudor Oaks Dr, Manassas, VA For Sale Description Photos Maps & Local Schools Print Brochure My Reviews Follow This Home! Search All Homes For Sale Avoid Foreclosure Free Home Values Homes Close to Where You Work Presented By: Tatiana Busch Real Estate Agent RE/MAX Gateway 703-470-7544 Licen...

Oscar Busch

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