Professional Documents
Culture Documents
Economic Focus August 1, 2011
Economic Focus August 1, 2011
ISM (NAPM) Mfg Index for July 11 Construction Spending for June 11 Personal Income & Outlays for June 11 Motor Vehicle Sales for July 11 MBA Mtg Apps Survey for week ending 07/29 ADP Natl Employment Report for July 11 Factory Orders for June 11 ISM (NAPM) Non-Mfg Index for July 11 Jobless Claims for week ending 07/30 Employment Situation for July 11 Consumer Credit for June 11
If above consensus If below consensus If above consensus If below consensus If above consensus If below consensus If above consensus If below consensus
Undetermined
If above consensus If below consensus If above consensus If below consensus If above consensus If below consensus If above consensus If below consensus If above consensus If below consensus If above consensus If below consensus
houses left over from the boom, homes for sale by owners, foreclosed residences for sale by lenders, and the shadow inventory of houses at risk of distressed sale, you come up with a massive supply overhang. Over time, more reasonable prices and an improving economy ought to bring buyers off the sidelines and set the stage for recovery. But high unemployment and anemic wage gains are leaving people worried about their income prospects and cautious about buying homes. Also, the dramatic plunge in home valuations since 2006 has made some first-time homebuyers wary about entering the market because of worries that prices might fall further. For the compete speech: http://www.frbsf.org/news/
Jessica Lombardo Loan Officer Hi-Tech Mortgage 2184 McCulloch Boulevard, # A Lake Havasu City, AZ 86403 jessica@hi-techmortgage.com Office: 866.768.5626 Cell: 916.548.8533 Fax: 916.372.2518