Archive for July, 2010

Economic Update – July 26, 2010

Monday, July 26th, 2010




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Last Week in the News
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The National Association of Home Builders/Wells Fargo housing market index fell two points in July to 14. Economists had anticipated a reading of 16. It was the lowest reading since April 2009. An index reading below 50 indicates negative sentiment about the housing market.
According to the ICSC-Goldman Sachs index, retail sales rose 1.4% for the week ending July 17. On a year-over-year basis, retailers saw sales increase 4.2%, the best showing in two months.
The combined construction of new single-family homes and apartments in June fell 5% to a seasonally adjusted annual rate of 549,000 units. Applications for new building permits, seen as an indicator of future activity, rose 2.1% to an annual rate of 586,000 units.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending July 16 increased 7.6%. Refinancing applications rose 8.6%. Purchase volume rose 3.4%.
Existing home sales fell 5.1% in June to a seasonally adjusted annual rate of 5.37 million units from 5.66 million units in May. The inventory of unsold homes on the market increased 2.5% to 3.99 million, an 8.9-month supply at the current sales pace, up from an 8.3-month supply in May.
Initial claims for unemployment benefits rose by 37,000 to 464,000 for the week ending July 17. Continuing claims for the week ending July 10 fell by 223,000 to 4.567 million.
The index of leading economic indicators — designed to forecast economic activity in the next three to six months — fell 0.2% in June after a revised 0.5% gain in May.
Upcoming on the economic calendar are reports on new home sales on July 26, the housing price index on July 27 and gross domestic product on July 30.
Click here to visit my website and apply on line:
www.DavidJGarofalo.com



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  • wp socializer sprite mask 16px Economic Update   July 26, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   July 26, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   July 26, 2010 | CT Real Estate
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Economic Update – July 19, 2010

Monday, July 19th, 2010




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Last Week in the News
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The trade deficit increased 4.8% to $42.3 billion in May. It was the highest level since November 2008 and follows a $40.3 billion gap in April.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending July 9 decreased 2.9%. Refinancing applications fell 2.9%. Purchase volume fell 3.1%.
Retail sales fell 0.5% in June, after a revised 1.1% decline in May. Economists had anticipated retail sales to fall 0.2% in June.
Total business inventories rose 0.1% in May, following a 0.4% increase in April. Total business sales fell 0.9% in May, the first decline after 13 consecutive monthly gains.
The producer price index, which tracks wholesale price inflation, fell 0.5% in June following a 0.3% decrease in May. Core prices — excluding food and fuel — rose 0.1%. For the year, wholesale prices are up 2.7%.
Industrial production at the nation’s factories, mines and utilities increased 0.1% in June following a 1.3% gain in May. Capacity utilization was unchanged at 74.1% in June.
Consumer prices fell a seasonally adjusted 0.1% in June following a 0.2% decline in May. For the year, consumer prices are up 1.1%.
The Reuters/University of Michigan consumer sentiment index for July’s preliminary reading fell to 66.5 from 76 in June. It was the lowest level since August 2009.
Initial claims for unemployment benefits fell by 29,000 to 429,000 for the week ending July 10. Continuing claims for the week ending July 3 rose by 247,000 to 4.68 million.
Upcoming on the economic calendar are reports on new home sales on July 26, the housing price index on July 27 and gross domestic product on July 30.
Click here to visit my website and apply on line:
www.DavidJGarofalo.com



  • wp socializer sprite mask 16px Economic Update   July 19, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   July 19, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   July 19, 2010 | CT Real Estate
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  • wp socializer sprite mask 16px Economic Update   July 19, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   July 19, 2010 | CT Real Estate
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want to know if you are eligible for HAFA??

Monday, July 12th, 2010




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check out my forclosure prevention website, http://wwwnicolehelps.com or http://www.nicolehelps.com/HAFA-Eligibility.aspx for more info icon smile want to know if you are eligible for HAFA?? | CT Real Estate

Nicole Borsey



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Trulia.com Stamford Stats:

Sunday, July 11th, 2010




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Stamford Real EstateTrulia Trulia.com Stamford Stats: | CT Real Estate


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  • wp socializer sprite mask 16px Trulia.com Stamford Stats: | CT Real Estate
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Fun things to do in Stamford, CT

Thursday, July 8th, 2010




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ecard bello 300x199 Fun things to do in Stamford, CT | CT Real Estate

I just scored awesome tickets to the Big Apple Circus for Friday July 16, 2010. My four year old will love it. Much to my surprise I was able to get front row seats in the center of the tent. There are still plenty of shows with great seats available. Don’t miss this amazing Stamford Event!! Bello is Back!

Go Directly to http://bigapplecircus.org for info icon smile Fun things to do in Stamford, CT | CT Real Estate in town: STAMFORD, CT July 9 – July 25



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  • wp socializer sprite mask 16px Fun things to do in Stamford, CT | CT Real Estate
  • wp socializer sprite mask 16px Fun things to do in Stamford, CT | CT Real Estate
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  • wp socializer sprite mask 16px Fun things to do in Stamford, CT | CT Real Estate
  • wp socializer sprite mask 16px Fun things to do in Stamford, CT | CT Real Estate
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Economic Update – July 5, 2010

Tuesday, July 6th, 2010




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Last Week in the News
________________________________________
The Standard & Poor’s/Case-Shiller 20-city housing price index — on a seasonally adjusted basis — rose 0.8% in April after a 0.1% decline in March.
The consumer confidence index fell to 52.9 in June from a revised 62.7 in May. Economists had anticipated a reading of 62.8. The index was benchmarked at 100 in 1985, a year chosen because it was neither a peak nor a trough in consumer confidence.
The Mortgage Bankers Association said its seasonally adjusted composite index of mortgage applications for the week ending June 25 increased 8.8%. Refinancing applications rose 12.6%. Purchase volume fell 3.3%.
The Institute for Supply Management reported that the monthly composite index of manufacturing activity was 56.2 in June after reaching 59.7 in May. A reading above 50 signals expansion. It was the 11th straight month of expansion.
Total construction spending fell 0.2% to $841.9 billion in May, following a revised 2.3% rise in April. Economists had anticipated a steeper drop of 0.5% in May.
The National Association of Realtors reported that its pending home sales index, a forward-looking indicator based on signed contracts, fell 30% in May after a revised 6% increase in April.
Factory orders fell 1.4% in May, more than the 0.5% decrease economists had anticipated. The drop — the biggest since March 2009 — ended eight straight monthly gains.
Initial claims for unemployment benefits rose by 13,000 to 472,000 for the week ending June 26. Continuing claims for the week ending June 19 rose by 43,000 to 4.62 million. The unemployment rate in June fell to 9.5% from 9.7% in May.
Upcoming on the economic calendar are reports on chain store sales on July 7 and wholesale trade on July 9.
Click here to visit my website and apply on line:
www.DavidJGarofalo.com



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  • wp socializer sprite mask 16px Economic Update   July 5, 2010 | CT Real Estate
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  • wp socializer sprite mask 16px Economic Update   July 5, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   July 5, 2010 | CT Real Estate
  • wp socializer sprite mask 16px Economic Update   July 5, 2010 | CT Real Estate
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