GENNA WALSH
  • Home
  • About
  • SOLD
  • Reviews
  • Property Search
  • Resources
    • Buyer
    • Seller
    • Escrow
    • Consultant Services
  • Blog
  • Careers
  • Contact
  • Home
  • About
  • SOLD
  • Reviews
  • Property Search
  • Resources
    • Buyer
    • Seller
    • Escrow
    • Consultant Services
  • Blog
  • Careers
  • Contact
Search by typing & pressing enter

YOUR CART

1/19/2019 0 Comments

Economic update for the week ending January 19, 2019

Picture
Stocks higher for the fourth consecutive week - Stock markets gained about 3% this week. It marked the longest string of weekly gains since August 2018. Companies that reported fourth quarter earnings came in better than expected. China also made comments signaling that they would work to take steps to lower its trade imbalance with The U.S., which encouraged investors that a trade deal was getting closer.  Stocks have now made up almost 1/2 of their losses since hitting an all time highs in September 2018. The Dow Jones Industrial Average closed the week at 24,706.35,  up 3.0% from 23,995.95 last week.   It’s up 5.9% in January. The S&P 500 closed the week at 2,670.71,  up 2.9% from 2,596.48 last week. It is up 6.5% in January. The NASDAQ closed the week at 7,157.23, up 2.7% from 6,971.48  last week.  The NASDAQ is up  7.9% this month. 
 
Treasury Bond Yields up slightly this week - The 10-year treasury bond closed the week yielding 2.79%, up  from 2.71%  last week. The 30-year treasury bond yield ended the week at 3.09%, up from 3.04%  last week. We watch treasury bond yields because mortgage rates follow bond yields. 
 
Mortgage rates stable this week at the lowest levels in 9 months  - The January 17, 2019 Freddie Mac Primary Mortgage Survey reported that the 30-year fixed mortgage rate average was 4.45%, unchanged from 4.55% last week. The 15-year fixed was 3.88%, unchanged from 3.89%  last week. The 5-year ARM was 3.87%, up slightly from 3.83% last week. 


December California existing home sales report - The California Association of Realtors reported that existing home sales totaled 372,260 in December on a seasonally adjusted annualized basis. That was down 2.4% from November and down 11.6% from last December. It marked the fewest sales in a month since January 2015.  The statewide median price was $557,600, up 1.4% from December 2017. On a regional basis Los Angles County’s median price of $588,140 was up 1.8% from last December. Orange County had a median price of $785,000 , down 0.1% from December 2017. Ventura County’s median price of $640,000 was down 0.8% from last December. Inventory levels also continued to rise. The unsold inventory index was a 3.5 month supply of homes listed in California, up from 2.5 months in December 2017. Los Angeles Country had a 3.5 month supply, up from a 2.4 month supply last December. Orange County had a 4 month supply, down from 2.6 months last December. Ventura County had a 5.5 month supply, up from a 4 month supply in December 2017. 


Author, 

Syd Leibovitch
0 Comments



Leave a Reply.

    Author

    Genna Walsh
    Los Angeles, CA

    Archives

    February 2020
    January 2020
    December 2019
    November 2019
    October 2019
    September 2019
    August 2019
    July 2019
    June 2019
    May 2019
    April 2019
    March 2019
    February 2019
    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    July 2014
    June 2014
    May 2014
    April 2014

    Categories

    All Community Economics Education Entertainment Environmental Food Real Estate Recreation Science Sports

    RSS Feed

Genna Walsh | DRE #01949299
Picture