Market Update | Week Ending 05/18/19

California home prices soar in April California home prices hit a new statewide median price record. The California Association of Realtors reported that the median price paid for a resale home in April was $602,920, up 6.5% month-over-month, from $565,880 in March. Year-over-year, the median price was up 3.8% from $584,460 last April. Prices dropped [...]

May 2019 Market Update – video

What's the median sales price in the San Fernando Valley? How many homes were closed? How many were listed? At what percentage of their original list price did homes sell on average? These questions and more are answered in the May 2019 Market Update. If you're going to buy [...]

Market Update | Week Ending 05/11/19

Stocks retreated this week among trade tensions After several months of optimism that a trade deal with China was imminent, talks broke down this week, causing stocks to lose ground and mortgage rates to fall.  The Dow Jones Industrial Average closed the week at 25,942.37, down 2.1% from 26,504.95 last week. It’s up 11.2% [...]

Market Update | Week Ending 05/04/19

U.S. Employers add 263,000 new jobs in April The unemployment rate is at the lowest level since 1969. The Labor Department reported that 263,000 new jobs were added in April. That crushed experts' expectations of 190,000 new jobs. The unemployment rate dropped from 3.8% in March to 3.6% in April, the lowest unemployment rate since 1969. Average [...]

Market Update | Week Ending 04/27/19

NASDAQ and S&P 500 closed the week at all-time record highs Strong corporate earnings, lower interest rates, and an easing of trade tensions encouraged investors who pushed stocks to record highs. A strong first-quarter GDP report released Friday showed that the economy grew 3.2% in the first quarter of [...]

Market Update | Week Ending 04/20/19

Stock markets hover near all time highs In a holiday-shortened week, stocks closed almost unchanged. About 1/3 of companies have reported first-quarter earnings so far. Most of those companies had a strong first quarter. China’s economic numbers have come in stronger than expected. The Dow Jones Industrial Average closed the week at 26,559.54, [...]

Market Update | Week Ending 04/13/19

Stock markets slightly higher this week Stocks recorded solid gains on Friday to erase losses earlier in the week. Markets ended the week just slightly higher. Investors are waiting for companies to report first-quarter corporate profits. Financial stocks led the market following a solid quarterly earnings report from JPMorgan [...]

Market Update | Week Ending 04/04/19

Employers add 196,000 new jobs in March The Department of Labor Statistics reported that U.S. employers added 196,000 new jobs in March. This exceeded analysts expectations of 175,000 new jobs. The unemployment rate held at 3.8%, a 50-year low. Average hourly wages grew 3.2% from last March.  Stocks continue to rise This year has begun with [...]

Market Update | Week Ending 03/30/19

Stock markets have their best first quarter in over 10 years Stocks ended the week with big gains. The first quarter of 2019 marked the largest percentage quarterly gain in a decade. The S&P 500 ended the quarter up over 13%. It's just 3% off its all-time high after [...]

Market Update | Week Ending 03/23/19

Stocks lost ground this week Stock markets finished the week lower this week for just the third weekly loss of the year. The Federal Reserve issued comments this week announcing that they had put interest rate hikes on hold for the remainder of 2019, citing low inflation numbers and [...]

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