Tech Leads Drop In Stocks Market Update

It’s kind of a gray day in Detroit. It’s pouring. The stock market kind of matched today’s ugliness at the end of last week. What goes up must come down. Headline News As usual, this report includes analysis from Econoday.1 Let’s touch on these reports! ISM Manufacturing Index One of the most-followed manufacturing indexes posted its best number since January …

Acting Tips That Can Help Sell Homes

When William Shakespeare said “all the world’s a stage,” he was really onto something. Regardless of whether you consider yourself a thespian or you haven’t the slightest clue what a Tony Award is, being a good actor on- and offstage can serve you greatly in many areas of life, including real estate. What Does Acting Have To Do With Selling …

Federal Reserve Will Allow Inflation To Run Higher – Market Update

Momentum is everything, whether that’s life or the economy. When good things are happening, they tend to build on each other. My baseball team is on a five-game winning streak, and I’m still riding high from vacation. On the economic side, there’s momentum in the stock market and the Fed may be looking for prices to rise a little more …

Jobless Claims Again Top 1 Million – Market Update

Normally, I write this on Monday mornings in preparation for the rest of the week. But by the time you read this, my vacation will be in full swing. Here’s hoping everyone that wants it can get a couple days on the lake. We need a break from 2020. Let’s take this time to see what happened just before I …

Prices On The Rise – Market Update

  I hope everyone had a good weekend! Mine went well, even if I didn’t do much. Not much happened in stocks last week as they ended the week where they started. As in life, sometimes it’s not where you start or finish, but how you get there. Let’s see what drove the markets! Headline News As always, this week’s …

Mortgage Rates Reached New Record Lows – Real Estate Market Update

The headline says it all, but really understanding the why behind the market nowadays has required us all to become amateur economists and epidemiologists at the same time. Like most of us, I’m neither, but let’s see if we can make sense of some of these patterns. The Big Story As reported by Freddie Mac last Thursday, mortgage rates were …

Jobs Numbers Seeing Slow Improvement – Market Update

The Tigers had a good weekend. I also ventured out to a wedding, so it was nice to see that some things are still normal. While we take halting steps forward, things are moving on, which is a positive. In the economy, things are progressing slowly, but they’re getting better. Headline News Today’s report was put together with assistance from …

Recessionary Signals Amid Low Mortgage Rates – Market Update

It seems like life in general proceeds in fits and starts right now. One need look no further than baseball, which has gotten started, but not without its share of cancellations related to the virus. Things in the economy are just as tenuous. There are signs of life, but there are also indications that we’ve got a way to go …

Federal Reserve Press Release In Plain English – July 2020

The Federal Open Market Committee (FOMC) held its July meeting yesterday. They kept short-term rates at their current near-zero levels. That was fairly ho-hum and in line with expectations. Analysts were far more interested in a look in the crystal ball for a peek at the future. Acknowledging the challenges posed by COVID-19, the Fed continued to show willingness to …

VA-Loan Clients: What Agents Should Know About Working With Them

Are you interested in learning more about how you can help someone who has bravely served our country? Working with a VA-loan client can be an extremely rewarding experience. However, for real estate agents who have never worked with VA clients before, the process can seem a bit daunting. After all, financing is one of the most complicated parts of …