In the Houston Metro area there are currently:
- 16,788 Active listings
- 7,612 Pending sales
- 4,800+ homes sold every month
Hold on as we go into the summer months which is the busiest time of year for homes sales.
This Week’s Calendar:
Monday,
10:00 am Mar pending home sales (+0.6%) as reported
Tuesday,
9:00 am Feb Case/Shiller home price index (+13% yr/yr)
10:00 am Apr consumer confidence index (83.0 from 82.3 in Feb)
Wednesday,
7:00 am MBA weekly apps
8:15 am ADP Apr private jobs (+210K)
8:30 am Q1 preliminary GDP (+1.1% from +2.6% in Q4; PCE +1 7%)
Q1 employment cost index (+0.5%)
9:45 am Chicago Purchasing Mgrs. index (56.9 from 55.9 in Mach)
2:00 FOMC policy statement
Thursday,
8:30 weekly jobless claims (320K -9K)
March personal income and spending (income +0.4%, spending +0.6%)
March PCE (+0.2%, +0.1% in Feb)
10:00 Apr ISM manufacturing index (54.3 from 53.7% in March)
March construction spending (+0.6%, +0.1% in Feb)
No Time April auto and truck sales (12.7 mil from 13.0 mil in March)
Friday,
8:30 am April employment data (unemployment 6.6% from 6.7%; non-farm payrolls +215K; private jobs +213K; avg hrly earns. +0.2%)
10:00 am March factory orders (+1.4%)
With 30 year rates holding in the low 4% range and 15 year interest rates holding in the low 3% range it is still a great time to buy or refinance your home. Don't let the statistics scare your. Remember just a few years ago mortgages were in the 6%'s
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