Saturday, May 7, 2016
Not sure if Social Security will exist when you retire?? What is your plan
Take a look: http://money.usnews.com/investing/articles/2016-05-03/how-real-estate-adds-to-retirement-income
Thursday, May 5, 2016
Here is an economic update from my good friend and trusted resource Lauren Zetye of Movement Mortgage
Last Week’s Economic News in Review
New home sales continued to turn in disappointing performance, while lay-offs were at historic lows, and incomes were on the rise.
New Home Sales
New home sales took a plunge in March, with completed transactions of new, single-family homes dropping 1.5 percent to an annual rate of 511,000, according to a joint report from the Census Bureau and the Department of Housing and Urban Development. That said, compared annually, March's new home sales marked a 5.4 percent increase over March 2015's rate of 485,000.
Looking at price and supply, the median sales price of new homes sold in March was $288,000, and the average sales price was $356,200. The estimated number of new homes for sale at the end of March totaled 246,000, which represented a 5.8-month supply of homes at March's sales rate.
The big hope was that seasonal sales increases will help turn around new home sales' recent disappointments.
"While new home sales have lost some luster in recent months, we believe they will reaccelerate as we head into [the] spring season," noted Gregory Daco, head of U.S. macroeconomics at Oxford Economics, in a public statement.
Initial Jobless Claims
Lay-offs ticked up, but remained at lows not seen since the 1970s. First-time claims for unemployment benefits filed by the newly unemployed during the week ending April 23 hit 257,000, a gain of 9,000 claims over the preceding week's level of 248,000, the Employment and Training Administration reported. This marked the 60th straight week of initial claims below 300,000 — a level that economists associate with a growing job market — which is the longest streak at that level since 1973.
The four-week moving average — which is regarded as a more reliable measure of job losses — dropped to 256,000, a decline of 4,750 claims from the previous week's average of 260,750 claims.
"We're seeing things in the labor market hold up well," Wells Fargo Securities LLC Economist Sarah House told Bloomberg. "Businesses are feeling pretty comfortable with where the economy is going, so they don't feel like they have to make those cuts."
Incomes and Spending
Personal incomes saw welcome news in March: a 0.4 percent increase to $57.4 billion for the month, with disposable personal income (DPI; income after taxes) also growing 0.4 percent to $50.4 billion, according to last week's report from the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) grew 0.1 percent to hit $12.8 billion. Personal outlays — which combine PCE, personal interest payments, and personal current transfer payments — grew $11.2 billion in March.
Wages and salaries rose to $29.2 billion in March, with private wages and salaries growing $26.3 billion. Supplements to wages and salaries grew by $5.4 billion in March.
Personal saving — which is DPI less personal outlays — grew to $735.5 billion in March, with the personal saving rate — which describes personal saving as a percentage of DPI — increased to 5.4 percent. This week we can expect:
Monday — Construction spending for March from the Census Bureau.
Tuesday — Car and truck sales for April from the auto makers.
Wednesday — First quarter productivity from the Bureau of Labor Statistics; March factory orders from the Census Bureau.
Thursday — Initial jobless claims for last week from the Employment and Training Administration.
Friday — March consumer credit from the Federal Reserve; April payrolls, unemployment, average workweek and hourly earnings from the Bureau of Labor Statistics.
LAUREN ZETYE
Loan Originator | Branch Manager
direct: (248) 394-0400
cell: (248) 840-0972
fax: (248) 579-0081
NMLS: 929489
8031 Ortonville Rd, Ste.190
Clarkston, MI 48348
Email Me
Visit My Website
**7 day and 6 hour: While it is Movement Mortgage's practice to provide underwriting results within six hours of receiving an application and process loans in seven days, extenuating circumstances may cause delays outside of this window.
MI-929489 | Movement Mortgage, LLC is an Equal Housing Lender. NMLS ID# 39179 (www.nmlsconsumeraccess.org) | 877-314-1499. Movement Mortgage, LLC is licensed, MI # FL0018132. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. "Movement Mortgage" is a registered trademark of the Movement Mortgage, LLC, a Delaware limited liability company. 8024 Calvin Hall Road Indian Land, SC 29707.
This message was sent from Lauren Zetye to jeff@yourwayhome.biz as a result of an existing business relationship.
Last Week’s Economic News in Review
New home sales continued to turn in disappointing performance, while lay-offs were at historic lows, and incomes were on the rise.
New Home Sales
New home sales took a plunge in March, with completed transactions of new, single-family homes dropping 1.5 percent to an annual rate of 511,000, according to a joint report from the Census Bureau and the Department of Housing and Urban Development. That said, compared annually, March's new home sales marked a 5.4 percent increase over March 2015's rate of 485,000.
Looking at price and supply, the median sales price of new homes sold in March was $288,000, and the average sales price was $356,200. The estimated number of new homes for sale at the end of March totaled 246,000, which represented a 5.8-month supply of homes at March's sales rate.
The big hope was that seasonal sales increases will help turn around new home sales' recent disappointments.
"While new home sales have lost some luster in recent months, we believe they will reaccelerate as we head into [the] spring season," noted Gregory Daco, head of U.S. macroeconomics at Oxford Economics, in a public statement.
Initial Jobless Claims
Lay-offs ticked up, but remained at lows not seen since the 1970s. First-time claims for unemployment benefits filed by the newly unemployed during the week ending April 23 hit 257,000, a gain of 9,000 claims over the preceding week's level of 248,000, the Employment and Training Administration reported. This marked the 60th straight week of initial claims below 300,000 — a level that economists associate with a growing job market — which is the longest streak at that level since 1973.
The four-week moving average — which is regarded as a more reliable measure of job losses — dropped to 256,000, a decline of 4,750 claims from the previous week's average of 260,750 claims.
"We're seeing things in the labor market hold up well," Wells Fargo Securities LLC Economist Sarah House told Bloomberg. "Businesses are feeling pretty comfortable with where the economy is going, so they don't feel like they have to make those cuts."
Incomes and Spending
Personal incomes saw welcome news in March: a 0.4 percent increase to $57.4 billion for the month, with disposable personal income (DPI; income after taxes) also growing 0.4 percent to $50.4 billion, according to last week's report from the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) grew 0.1 percent to hit $12.8 billion. Personal outlays — which combine PCE, personal interest payments, and personal current transfer payments — grew $11.2 billion in March.
Wages and salaries rose to $29.2 billion in March, with private wages and salaries growing $26.3 billion. Supplements to wages and salaries grew by $5.4 billion in March.
Personal saving — which is DPI less personal outlays — grew to $735.5 billion in March, with the personal saving rate — which describes personal saving as a percentage of DPI — increased to 5.4 percent. This week we can expect:
Monday — Construction spending for March from the Census Bureau.
Tuesday — Car and truck sales for April from the auto makers.
Wednesday — First quarter productivity from the Bureau of Labor Statistics; March factory orders from the Census Bureau.
Thursday — Initial jobless claims for last week from the Employment and Training Administration.
Friday — March consumer credit from the Federal Reserve; April payrolls, unemployment, average workweek and hourly earnings from the Bureau of Labor Statistics.
LAUREN ZETYE
Loan Originator | Branch Manager
direct: (248) 394-0400
cell: (248) 840-0972
fax: (248) 579-0081
NMLS: 929489
8031 Ortonville Rd, Ste.190
Clarkston, MI 48348
Email Me
Visit My Website
**7 day and 6 hour: While it is Movement Mortgage's practice to provide underwriting results within six hours of receiving an application and process loans in seven days, extenuating circumstances may cause delays outside of this window.
MI-929489 | Movement Mortgage, LLC is an Equal Housing Lender. NMLS ID# 39179 (www.nmlsconsumeraccess.org) | 877-314-1499. Movement Mortgage, LLC is licensed, MI # FL0018132. Interest rates and products are subject to change without notice and may or may not be available at the time of loan commitment or lock-in. Borrowers must qualify at closing for all benefits. "Movement Mortgage" is a registered trademark of the Movement Mortgage, LLC, a Delaware limited liability company. 8024 Calvin Hall Road Indian Land, SC 29707.
This message was sent from Lauren Zetye to jeff@yourwayhome.biz as a result of an existing business relationship.
Tuesday, May 3, 2016
825 HEATHER LAKE Drive Orion Twp, MI 48348
A rare opportunity to own 1.5 ac in highly sought after Heather Lake Meadows. Stamped concrete invites you into a grand entry accented by its elegant staircase. Distinctive Herringbone Wood floors flow throughout; unique and stunning. Accents of a master electrician abound. All 4 bdrms equipped with dual light switches/remotes, clever convenience of motion activated night time safety lights along the curved staircase and security of an alarm system complete with intercom. Floor to ceiling White Italian marble fireplace accented by 3 matching tables included in the sale. Convenient 1st flr laundry w/chute from hall bath upstairs. Let your imagination run wild with the enormous amount of untapped potential in the basement. Use the efficiency of 2 furnaces and 2 AC units, 1 for each flr, to reduce the stress on 1 unit and lengthen their lifespan. Full house generator hook up installed. An oversized 9 foot garage door allows the safety and security to store campers and toy trailers inside.
Bedrooms: 4
Bathrooms: 2.10
Square feet: 3,342
Price: $449,900
For more information about this property, please contact Jeffrey Raupp at (248) 394-0400 or jraupp54@gmail.com. You can also text 3565939 to 67299.
See more listings at: www.yourwayhome.biz
MLS ID: 216041989
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