Feeling good! Consumer confidence hits 17-year high

  • November 28, 2017
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  • realestatelife

Consumer confidence surged yet again in November, with the index jumping to 129.5 from 125.9 in October, the Conference Board said Tuesday. That’s the highest reading since November 2000 and easily exceeded the 124.8 forecast of economists polled had forecast a reading of 124.8.

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House prices rise at fastest pace since June 2014, Case-Shiller says

  • November 28, 2017
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  • realestatelife

The S&P/Case-Shiller national index rose a seasonally adjusted 0.7% during the three-month period ending in September, and was up 6.2% compared to the same period a year ago. The 20-city index rose a seasonally adjusted 0.5% for the month and 6.2% for the year.

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New-home sales surge to the highest in a decade as year-to-date sales rise 9%

  • November 27, 2017
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  • realestatelife

New-home sales surged to a decade high in October, running at a 685,000 seasonally adjusted annual rate that was 6.2% higher than a downwardly-revised September pace.

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Stocks see steady open ahead of Fed minutes

  • November 22, 2017
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  • realestatelife

Stocks opened little changed Wednesday, a day after all three major indexes closed at records, as investors awaited minutes of the Federal Reserve’s November meeting and digested the latest round of economic data. Trade was expected to be thin ahead of the Thanksgiving Day holiday on Thursday and an abbreviated market session on Friday.

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U.S. jobless claims sink 13,000 to 239,000, but Puerto Rico still a sore spot

  • November 22, 2017
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  • realestatelife

Initial jobless claims, a tool to measure U.S. layoffs, fell by 13,000 to 239,000 in the week ended Nov. 18. That’s below the 240,000 estimate of economists polled. The more stable monthly average of claims rose 1,250 to 239,750, the government said Wednesday. The number of people already collecting unemployment benefits, known as continuing claims,

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Existing-home sales rebound in October even as inventory crunch worsens

  • November 21, 2017
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  • realestatelife

Existing-home sales ran at a 5.48 million annual rate in October, the best monthly rate since June, the National Association of Realtors said Tuesday. Economists surveyed had forecast a 5.45 million pace. September’s pace, originally reported as 5.39 million, was revised down to 5.37 million. The median sales price was $247,000, and October marked the

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US housing starts higher than expected

  • November 17, 2017
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  • realestatelife

U.S. housing starts were forecast to total 1.185 million in October, up from the 1.127 million reported for the previous month.

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Philly Fed manufacturing index slows in November from strong level

  • November 16, 2017
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  • realestatelife

The Philadelphia Fed’s manufacturing index slowed to a reading of 22.7 in November from 27.9 in October. Any reading above zero indicates improving conditions.

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U.S. jobless claims jump to 6-week high

  • November 16, 2017
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  • realestatelife

Initial jobless claims, a tool to measure U.S. layoffs, rose by 10,000 to 249,000 in the week ended Nov. 11. The number of applications hit a six-week high and exceeded the 235,000 estimate of economists polled. The more stable monthly average of claims rose by 6,500 to 237,750, the government said Thursday. The number of

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U.S. retail sales rise modestly in October after surge in prior month

  • November 15, 2017
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  • realestatelife

Retail sales slowed in October after a sharp gain in the prior month. Sales rose 0.2% in October, better than forecasts of a flat reading. Sales rose a revised 1.9% in September, up from the prior estimate of a 1.6% gain, boosted by post-hurricane spending. Excluding autos, sales rose 0.1% after a 1.2% gain in

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