Sep 25, 2024
The very low volume of existing home sales reported last week by the National Association of Realtors (NAR) would indicate the continued impact of current decades high mortgage interest rates. The NAR reported only 3.86K houses sold in August compared to 6.6K in January 2021 and well below the average of 5.5K monthly...
Sep 11, 2024
The National Federation of Independent Business (NFIB) released its Small Business Optimism US Index today indicating it has decreased to 91.2 in August. This breaks the improving trend since dropping to a multi-year low in March. interested in a loan. NFIB Optimism index has remained below its 50-year average for...
Sep 4, 2024
After a long Labor Day weekend, investors started the first trading day of September by selling. The reason floated out by the main media for the selloff is investors skittish about the S&P Global US Manufacturing Purchasing Manager’s Manufacturing Index (PMI) report released this morning. Apparently, investors...