Current Housing Market

Quote of the Week

Set a goal so big that you can’t achieve it until you grow into the person who can. –Zig Ziglar, American Author and Motivation Speaker

 

Review of Last Week

More Holiday Gifts…. The holiday-shortened trading week delivered a fresh pile of presents for investors. The tech-y Nasdaq ended north of 9,000 for the first time ever, while the Dow and S&P 500 also hit new highs.

 

There was plenty to celebrate. From November 1 to December 24th, total retail sales, excluding autos, went up 3.4% year-over-year, with online sales up 18.8%, indicating the consumer is healthy, good news for the housing market.

 

We had reports a Phase One trade deal is close to being signed with China, which lowered import tariffs on about 850 commodity products, while weekly jobless claims keep showing a strong labor market, also great for real estate.

 

The week ended with the Dow UP .7% to 28,645; the S&P 500 UP .6% to 3,240; and the Nasdaq UP .9% to 9,007.

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