Markets In A Minute For The Week Ending 5/18/18

By
Real Estate Agent with RE/MAX Realty Center

Markets In A Minute For The Week Ending 5/18/18

 
 

 

 

 We are all busy.  It is tough to keep on top of all the markets and how they are performing.

 

That is why, I always enjoy Mike's Markets In A Minute Updates.  Here is his latest one for the week ending 5/18/18.  I hope you all had a great week, and will enjoy your weekend too.

 

 

My name is Kristin Johnston with RE/MAX Realty Center 

 

Are you looking to Buy a house  Wondering what your Home is worth?  Call/text me at 414 254 6647 or email me at kjohnston5@wi.rr.com.  

 

Check out my website www.waukeshahousesforsale.com.  Review my many happy client testimonials too!

 

For the Week Ending May 18, 2018


Kristin,


Please enjoy this quick update on what happened this week in the housing and financial markets.

 

Please reach out to us on our team line of 262-696-9048 if you need any help this weekend! 

 

I hope you have a great day!

 

-Michael


Retail sales rose 0.3% in April, matching expectations. Consumer spending is also picking up, but higher gas prices are cutting into discretionary spending.
The increase in sales and spending is driving investors' concerns about increasing inflation. These concerns have helped push mortgage rates higher.
Although jobless claims were slightly higher last week at 220,000, the number of people on unemployment rolls fell to the lowest level since 1973.

Home builder confidence rose in May, according to the NAHB. Low unemployment and strong demand have builders looking favorably on the market.
However, housing starts were down slightly in April from March. Lumber costs and difficulty hiring as many workers as needed are contributing factors.
Rising rates don't seem to be affecting demand for housing. Although mortgage applications fell slightly last week, the decline was mostly for refi applications. 

 

 

I get plenty of exercise—jumping to conclusions, pushing my luck, and dodging deadlines.


Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time.

 

Sincerely,
Michael Creed
Branch Manager
NMLS 50441
(262) 696-9048
mcreed@envoymortgage.com
CloseWithMichael.com/GetStarted

Envoy Mortgage, NMLS #6666

   

 

 

 

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 GIVING BACK WITH EACH HOME SOLD!

 

 

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markets in a minute for the week ending 51818

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Rainmaker
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Matthew Klinowski, PA
Downing-Frye - Naples, FL
Golf Community Real Estate Expert

Kristin, thanks for sharing the markets in a minute post from Michael.  Looks like a great way to present information to clients to give them a quick snapshot of what's happening.

May 19, 2018 10:08 AM #1
Rainmaker
3,954,205
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I love your markets in a minute posts. Thank you for sharing 

May 20, 2018 03:48 AM #2
Rainmaker
2,688,843
Kristin Johnston - REALTOR®
RE/MAX Realty Center - Waukesha, WI
Giving Back With Each Home Sold!

Thanks Matt and Gita!

May 20, 2018 07:26 AM #3
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Rainmaker
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Kristin Johnston - REALTOR®

Giving Back With Each Home Sold!
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