Real Estate Empower Blog

Home Sales UP THIS QUARTER!

prabhjit.singh — Mon, 27 Jul 2009 20:29:56 +0000

For 3 straight months, existing home sales have been up. A very good sign that we are moving forward to get ourselves out of the housing slump that we have been in. Sales went up by 3.6% in June for a total of 4.89 million units being sold during the month. The median and average [...]

Housing Starts Have Been on the Rise for the Past Four Months!

prabhjit.singh — Tue, 21 Jul 2009 16:24:02 +0000

Federal Deficit Surpasses $1 Trillion!

prabhjit.singh — Fri, 17 Jul 2009 16:44:35 +0000

Oil Prices Causing a Spike in Import Prices in June

prabhjit.singh — Mon, 13 Jul 2009 18:41:13 +0000

Consumer Credit Outstanding Continues to Drop!

prabhjit.singh — Fri, 10 Jul 2009 15:16:57 +0000

China’s Economy on a Treadmill!

prabhjit.singh — Mon, 29 Jun 2009 19:19:53 +0000

The head of China’s central bank said Monday the country’s economy was on the mend and expressed confidence that a government target of 8 percent growth this year would be met. Zhou Xiaochuan, governor of the People’s Bank of China claimed that the economy was on a upturn. Beijing has sought to insulate China from [...]

The Worst Recession !

prabhjit.singh — Fri, 26 Jun 2009 14:10:37 +0000

The International Monetary Fund forecast: “the worst recession in the developed world.” Dublin Ireland a land in which property crippled banks are struggling to remain open. A Washington based lender claims “its economy shrink 8.5 percent this year, unemployment rise from the current 11.8 percent to 15.5 percent next year, and lose euro35 billion ($49 [...]

Interest Rates UP & $8,000 Going Away!

prabhjit.singh — Mon, 22 Jun 2009 05:57:22 +0000

As many of you may know the interest rates have gone up! On Thursday the interest rate for a FHA 30 year fixed non jumbo product with no points went up to 5.875! It was about 4.75% for the exact same product. You can take a look at the attached rate sheet to get further [...]

Consumer Price Index

prabhjit.singh — Sun, 21 Jun 2009 06:10:22 +0000

The Leading Economic Indicator gained by 1.2%, which is amazing! This was the second month in a row that increased in 2 YEARS! What does this mean? It means that we are going to be seeing this recession, which we are currently in and are tired of, ending closer to the end of this year. [...]

Rising Interest Rates

prabhjit.singh — Fri, 19 Jun 2009 15:48:40 +0000

Companies are rushing out to sell their stocks, should we be rushing to buy? In May the companies of the US Market sold a record breaking amount of stock around 64 billion dollars worth. In June the trend continued. Stock prices are high causing companies to sell to ensure they get the most money back. [...]