FOR ALL
THOSE WHO BOUGHT AT THE TOP OF THE MARKET IN 2006 HERE IS YOUR CHANCE TO
REDEEM YOUR SELVES! Buy Soon! Do not wait for the rest of the world to totally catch on before you decide to make a move in Real Estate!
THE NATIONAL ASSOCIATION OF REALTORS (NAR)
REPORTED THE NATIONAL MEDIAN EXISTING HOME PRICE INCREASING AT AN ANNUAL
RATE OF 12.2% IN THE 2ND QUARTER, FROM $181,300 TO $203,500. THAT'S THE
BIGGEST YEARLY PRICE BOOST SINCE 4th quarter OF 2005.
Sales up
12.3% annually in the 2nd quarter as compared a year ago. The
5.06 million annual rates for the quarter were the highest reached since 2007.
Housing
prices went up 1.9% in June, gaining for the 16th month in a row. For the year, they had home prices increasing
11.9%, trending at the fastest upward pace since 1977. Finally, it was reported
that Fannie Mae posted a $10.1
billion profit in the second 1/4, almost double the same profit of a year ago.
They will now pay a $10.2 billion dividend to the Treasury, which owns $117.1 billion of the company's
senior preferred stock.
Economic Calendar for the Week of Aug 12 – Aug 16
| Date | Time (ET) | Release | For | Consensus | Prior | Impact |
| M Aug 12 | 14:00 | Federal Budget | Jul | –$96.0B | –$69.6B | Moderate |
| Tu Aug 13 | 08:30 | Retail Sales | Jul | 0.2% | 0.4% | HIGH |
| Tu Aug 13 | 10:00 | Business Inventories | Jun | 0.1% | 0.1% | Moderate |
| W Aug 14 | 08:30 | Producer Price Index (PPI) | Jul | 0.3% | 0.8% | Moderate |
| W Aug 14 | 08:30 | Core PPI | Jul | 0.2% | 0.2% | Moderate |
| W Aug 14 | 10:30 | Crude Inventories | 8/10 | NA | –1.320M | Moderate |
| Th Aug 15 | 08:30 | Initial Unemployment Claims | 8/10 | 339K | 333K | Moderate |
| Th Aug 15 | 08:30 | Continuing Unemployment Claims | 8/3 | 3.000M | 3.018M | Moderate |
| Th Aug 15 | 08:30 | Consumer Price Index (CPI) | Jul | 0.2% | 0.5% | HIGH |
| Th Aug 15 | 08:30 | Core CPI | Jul | 0.2% | 0.2% | HIGH |
| Th Aug 15 | 08:30 | NY Empire Manufacturing Index | Aug | 6.0 | 9.46 | Moderate |
| Th Aug 15 | 09:15 | Industrial Production | Jul | 0.4% | 0.3% | Moderate |
| Th Aug 15 | 09:15 | Capacity Utilization | Jul | 78.0% | 77.8% | Moderate |
| Th Aug 15 | 10:00 | Philadelphia Fed Index | Aug | 10.0 | 19.8 | HIGH |
| F Aug 16 | 08:30 | Housing Starts | Jul | 895K | 836K | Moderate |
| F Aug 16 | 08:30 | Building Permits | Jul | 934K | 911K | Moderate |
| F Aug 16 | 08:30 | Productivity – Prelim. | Q2 | 0.0% | 0.5% | Moderate |
| F Aug 16 | 09:55 | Univ. of Michigan Consumer Sentiment | Aug | 85.1 | 85.1 | Moderate |