Explore Redondo Beach, CA

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Markit Manufacturing dropped a little bit in July, as it went from 51.3 in June to 50.9 July. ISM Manufacturing Index rose from 52.6% to 54.2%. Anything above 50 is considered in expansion territory; and the ISM Manufacturing is considered the "gold" standard. C...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Consumer Spending rose 5.6% in June; while Personal Income dropped 1.1% in June. The Fed's favorite index that gauges inflation Personal Consumption Expenditure(PCE) without the food and energy being added came in very tame in June, as it only rose 0.2% in Mom; ...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims had another little spike again this week, which it increased from last week's number of 1.42 million people applying for unemployment benefits for first time to 1.43 million in this week's report. Also, we get an initial look at the GDP fo...

By Mike Bjork
(SunWest Mortgage)
Comments 1
http://MikesDailyMarketReport.com: The Pending Home Sale Index rose 16.6% in June. Stocks are Up this morning before the FOMC finishes and Fed Chair Powell announces their decision at 11:30 am PST. They are not expected to change rates. Their Announcement may not have much impact with the Market ...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: The Case Shiller HPI showed a slowdown in National Home Prices in May, as it dropped from 4.6% YoY Appreciation in April to 4.5%. I'm confident this will rise, as we head into summer. Consumer Confidence dropped from 98.3 in June to 92.6 in July, as several stat...

By Mike Bjork
(SunWest Mortgage)
Comments 2
http://MikesDailyMarketReport.com: The Durable Goods Orders increased 7.3% in June, surpassing it's forecast of 6.5%. There will be other reports this week, which includes the first look at Q2 GDP; and the FOMC starts tomorrow, with their Announcement on Wednesday. Stocks are trading in Positive ...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Markit Manufacturing PMI moved into Expansion territory in July, as it went from 49.8 in June to 51.3. Markit Services PMI improved in July, as it's June number was 47.9 and jumped up to 49.6 in July. Anything below 50 is contraction territory and anything above...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: The Initial Jobless Claims for the first time since Feb/March, as last week's report was 1.31 million people applying for first time benefits to this week's report at 1.41 million. Leading Economic Indicators dropped from 3.2% in May to 2.0% in June. The rise in...

By Mike Bjork
(SunWest Mortgage)
Comments 2
http://MikesDailyMarketReport.com: The Existing Home Sales jumped Up from 3.91 million annualized units in May to 4.72 units in June. This is just over 20% MoM jump, which is the largest, according to NAR. Stocks are Up this morning on Corporate Earnings releases, despite tensions continuing to h...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: There are no economic data to report today, so Stocks are taking their queues from Corporate Earning releases and Geo-Political News. This morning, Stocks are Up. The EU announced an $858 Billion plan that will provide Grants and Loans to countries whom need ass...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 0
It was a good news/bad news type of month for real estate in Redondo Beach for June 2020.  The bad news is that it was yet another slow month in terms of the number of home closing escrow. There were only 47 home sales which was a dramatic drop compared with June of 2019 that had 90 homes sell in...

By Mike Bjork
(SunWest Mortgage)
Comments 1
http://MikesDailyMarketReport.com: This will be a light week, this week, in terms of economic data being released. We have to data to report today, so the Markets are taking their queues from the news. Stocks are in Mixed Territory, as the DOW is the lone index in the Red. This week, we'll see Ea...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Housing Starts improved to 1.19 million annualized units in June; and Building Permits increased to 1.24 million annualized, as they begin to reach pre-covid levels. However, Consumer Sentiment dropped from 78.1 to 73.2 in July, as Covid cases rise and Governmen...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped down slightly to 1.30 million people applying for first time benefits. Retail Sales rose 7.5% in June; and when you exclude Autos, it rose 7.3%. Manufacturing in the Philadelphia Region continues with strong numbers, as the Philly ...

By Mike Bjork
(SunWest Mortgage)
Comments 1
http://MikesDailyMarketReport.com: Manufacturing in the NY region improved in July, as the Empire State Index indicated that it went from -0.2 in June to 17.2 in July. Industrial Production rose to 5.4% in June; and Capacity Utilization rose to 68.6%. Later today, we'll get a micro view of the US...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: The NFIB Small Business Index, which measures the confidence among Small Businesses, rose to 100.6 in June. The Consumer Price Index rose to 0.6% in June, as it did on a YoY basis too. The Core CPI (exclusion of food and energy), rose 0.2% in June and it's YoY r...

By Mike Bjork
(SunWest Mortgage)
Comments 1
http://MikesDailyMarketReport.com: There are no economic data to report today. Stocks are Up this morning on the FDA fast-tracking Pfizer and BoNTech SE with their covid-19 vaccinations; despite the rising cases in the US and rising tesnions with China. MBS had a big reversal on Friday and closed...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: The Producer Price Index, which measures inflation on the Wholesale level, dropped 0.2% MoM; whereas, the Core PPI (excludes food and energy) dropped 0.3% MoM. The Core PPI's YoY dropped from 0.3% to 0.1%. Stocks are trading in Mixed Territory this morning, as N...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: Initial Jobless Claims continues with their downward trend (thankfully!), as this report came in at 1.31 million people applying for first time benefits. Last week's report came in at 1.41 million. It's a light day today, so not much news is affecting the Market...

By Mike Bjork
(SunWest Mortgage)
Comments 0
http://MikesDailyMarketReport.com: There were no data to report on the Economic Calendar today, but tomorrow will provide us with the Weekly Initial Jobless Claims. It will be interesting to see if we continue the downward trend. Stocks started the morning strong (led by Tech stocks), but has sin...

Redondo Beach, CA Real Estate Professionals