Retail Sales Fell the first week of August
August 27, 2010
The ICSC-Goldman Sachs index reported that for the week that ended on August 7, retail sales fell 0.2%; however, on a year-over-year basis, retail sales increased 3.7%.
Productivity during the second quarter fell at an annual rate of 0.9 percent according to the Labor Department, whereas labor costs increased at an annual rate of 0.2 [...] Continue Reading…
DoFollow Bloggers Welcomed Here
August 18, 2010
Attn: All DoFollow Bloggers
We just completed converting our old San Diego html blog/website to a WordPress DoFollow Blog here at San Diego Real Estate Blog.
Please note: there are well over 1500 hundred posts with numerous topics both national & Local news, and the site is moving to the top of Google rapidly.
We welcome all [...] Continue Reading…
Best Time To Buy A Home is Now
August 18, 2010
A survey created by Move Inc. showed that around 23 percent of adults have plans to buy a home within the next 5 years. From this 23% just a tad over 53% are first time homebuyers. As a Realtor, if you have a homebuyer that is considering buying a home but has not made [...] Continue Reading…
Construction Spending Up in June
August 13, 2010
Total construction spending increased 0.1 percent to $836 billion in June after a decreased $834.8 billion in May after revision. Economists believed a drop in June of 0.8 percent would occur.
The monthly composite index of manufacturing activity was lower in July at 55.5 after a reading of 56.2 in June as reported by the [...] Continue Reading…
New Home Sales up in June
August 5, 2010
June was a good month when it comes to home sales, which rose 23.6 percent to be at a seasonally adjusted annual rate of 330,000 from a rate of 267,000 for the month of May. Economists had speculated 310,000 units. On a year over year basis, new home sales have decreased 16.7 percent.
The Standard [...] Continue Reading…
Oklahoma Has a New Area Code
July 30, 2010
The new 539 area code will share an area that is now the 918 area code area.
This new area code was deemed necessary to accommodate the growing need for new telephone numbers in the area that is now being served by the 918 area code. The Oklahoma Corporation Commission approved the addition of the [...] Continue Reading…
Housing Market Index Decreased Two Points
July 27, 2010
In July according to the National Association of Home Builders/Wells Fargo housing market index decreased 2 points. Economists believed a reading of 16 would be reported. This was the lowest reading since April of 2009. Any reading above 50 is a sign of expansion but below this number indicates a negative atmosphere.
Retail sales increased [...] Continue Reading…
Retail Sales Rose 1 Percent
July 13, 2010
Retail sales increased 1% for the week that ended on July 3 via the ICSC-Goldman Sachs index, retail sales rose 1% for the week ending July 3.
The year-over-year basis retailers saw sales go up 3.9%.The monthly composite index of non-manufacturing activity as reported by the Institute for Supply Management decreased to 53.8 in June [...] Continue Reading…
Trade Deficit Rises to 4.8 Percent
July 12, 2010
In May, the trade deficit rose 4.8% to $42.3 billion. This was the highest level seen since November of 2008 while in April it was at $40.3 billion gap.
The seasonally adjusted composite index of applications for mortgages as stated by the Mortgage Bankers Association for the week ending on July 9 fell 2.9 percent. [...] Continue Reading…
Mortgage Applications Rose Week of June 25th
July 9, 2010
The Mortgage Bankers Association reported its seasonally adjusted composite index of mortgage applications for the week of June 25 rose 8.8%. Refinancing applications increased 12.6% while purchase volume declined 3.3%.
An increase of 0.8% was seen in April with a 0.1% decrease in March on The Standard & Poor’s/Case-Shiller 20-city housing price index.
The National [...] Continue Reading…