The World is My Domain - Welcome to MaryBeth Mills Muldowney's World: What does this week hold for the US Economy?

What does this week hold for the US Economy?

        Are we on our way back up on the US Stock Market?

 

Boy last week certainly played with our pocketbooks on the Stock Market.   Thoughts of a comfortable senior life may have seemed fleeting looking at those results but hopefully this week we will be able to recapture some of our losses.

 

No one realized before the real financial crisis in our country how important our housing market is to the economy as a whole.   

 

The stock market certainly impacts our Buyers and Sellers moving forward or staying put.

 

One young family last week had planned on an additional sum of money towards their down payment on their new home and were devastated that the market had dropped so much.  Let's see where we go this week, they had a good plan but no one has a crystal ball.

 

Another couple over 65 were doing their planning with me last week for their home sale and new home purchase and the stock market results really shook their confidence in whether this is the right time to be making a move, how will their 401K and potential monthly income be affected.  Although they would be moving from a larger more expensive home they had hoped to move to a very desired condo community with a steep (and well deserved) monthly home owner's association fee.

 

I suspect, we as real estate professionals, whether in residential or commercial, mortgages or sales, we will still be feeling the fall out of the beginning of 2016.

 

Mike King , a fantastic loan officer with Leader Bank is good to keep us updated with weekly information which impacts our housing market.  Today Mike forwarded the economic indicators below to assist us in our planning and communications with our Clients.  I especially appreciate the IMPACT column.

 

Economic Calendar for the Week of Jan 18 – Jan 22

 Date Time (ET) Release For Consensus Prior Impact
W
Jan 20
08:30 Consumer Price Index (CPI) Dec 0,0% 0.0% HIGH
W
Jan 20
08:30 Core CPI Dec 0,2% 0.2% HIGH
W
Jan 20
08:30 Housing Starts Dec 1.197M 1.173M Moderate
W
Jan 20
08:30 Building Permits Dec 1.200M 1.289M Moderate
W
Jan 20
10:30 Crude Inventories 1/16 NA 0.234M Moderate
Th
Jan 21
08:30 Initial Unemployment Claims 1/16 280K 284K Moderate
Th
Jan 21
08:30 Continuing Unemployment Claims 1/9 NA 2.263M Moderate
Th
Jan 21
08:30 Philadelphia Fed Index Jan -4.0 -5.9 HIGH
F
Jan 22
10:00 Existing Home Sales Dec 5.12M 4.76M Moderate
F
Jan 22
10:00 Leading Economic Indicators (LEI) Dec -0.1% 0.4% Moderate

                                                                                                           

 

MaryBeth Mills Muldowney, Massachusetts Real Estate Broker and Licensed Auctioneer

"The pessimist complains about the wind. The optimist expects it to change.

The Leader adjusts the sails." -John Maxwell

Founder and President, TradeWinds Realty Group LLC

www.TradeWindsRealtyGroup.com

MaryBeth@TradeWindsRealtyGroup.com

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Comment balloon 7 commentsMaryBeth Mills Muldowney • January 18 2016 07:29AM

Comments

MaryBeth - the stock market is such a psychological barometer and people get spooked with these drops.

Posted by Grant Schneider, Your Coach Helping You Create Successful Outcomes (Performance Development Strategies) about 2 years ago

Grant Schneider - oh so true, hate to say it but I am one of them too LOL!

Posted by MaryBeth Mills Muldowney, Massachusetts Broker Owner (TradeWinds Realty Group LLC) about 2 years ago

MaryBeth, you are right, for some it's just numbers, but for many their way of life depends on it. Hopefully, the financial markets will stabilize.

Posted by Silvia Dukes PA, Broker Associate, CRS, CIPS, SRES, Florida Waterfront and Country Club Living (Tropic Shores Realty - Ich spreche Deutsch!) about 2 years ago

Hi Marybeth the stock market downturn made long term mortgage rates more favorable.  It'll be interesting how this plays out.  

Posted by Joy Bender, Who You Hire Matters (Pacific Sotheby's) about 2 years ago

Thanks Joy Bender it certainly has been a roller coaster ride! Looking forward to smooth sailing!

Posted by MaryBeth Mills Muldowney, Massachusetts Broker Owner (TradeWinds Realty Group LLC) about 2 years ago

Hi Sylvia Dukes. Yes awaiting a stabilizing impact on these rather volatile market. Staying optimistic.

Posted by MaryBeth Mills Muldowney, Massachusetts Broker Owner (TradeWinds Realty Group LLC) about 2 years ago

And Grant Schneider I have to admit some days I do let them spook me too. Lol. Stay safe in this 2016 Blizzard!

Posted by MaryBeth Mills Muldowney, Massachusetts Broker Owner (TradeWinds Realty Group LLC) about 2 years ago

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