Monday, August 12, 2013

Why you should buy Real Estate now!

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
 DateTime (ET)ReleaseForConsensusPriorImpact
M
Aug 12
14:00Federal BudgetJul–$96.0B–$69.6BModerate
Tu
Aug 13
08:30Retail SalesJul0.2%0.4%HIGH
Tu
Aug 13
10:00Business InventoriesJun0.1%0.1%Moderate
W
Aug 14
08:30Producer Price Index (PPI)Jul0.3%0.8%Moderate
W
Aug 14
08:30Core PPIJul0.2%0.2%Moderate
W
Aug 14
10:30Crude Inventories8/10NA–1.320MModerate
Th
Aug 15
08:30Initial Unemployment Claims8/10339K333KModerate
Th
Aug 15
08:30Continuing Unemployment Claims8/33.000M3.018MModerate
Th
Aug 15
08:30Consumer Price Index (CPI)Jul0.2%0.5%HIGH
Th
Aug 15
08:30Core CPIJul0.2%0.2%HIGH
Th
Aug 15
08:30NY Empire Manufacturing IndexAug6.09.46Moderate
Th
Aug 15
09:15Industrial ProductionJul0.4%0.3%Moderate
Th
Aug 15
09:15Capacity UtilizationJul78.0%77.8%Moderate
Th
Aug 15
10:00Philadelphia Fed IndexAug10.019.8HIGH
F
Aug 16
08:30Housing StartsJul895K836KModerate
F
Aug 16
08:30Building PermitsJul934K911KModerate
F
Aug 16
08:30Productivity – Prelim.Q20.0%0.5%Moderate
F
Aug 16
09:55Univ. of Michigan Consumer SentimentAug85.185.1Moderate