Real Estate data for the previous week

1. I s su e 13 , Vo lu me 9 / Mar c h 2 , 20 1 2
The Positive Momentum Continues into Spring The Week Ahead -> The “Keys”
Tim McLaughlin - The Employment Picture Highlights the Week Ahead
The index of pending home sales, which reflects deals
Date Economic Release Prediction Last
that have signed contracts but haven't yet closed, was
released this week and rose to 97 from 89.8 a year ago,
according to the National Association of Realtors. This index 3/5 ISM Non-Manufacturing 56.1 56.8
that tracks contracts to buy previously owned homes rose
3/5 Factory Orders -1.3% 1.1%
2% in January from December to the highest level since April
2010, rekindling hopes that improving demand will continue 3/7 MBA Mortgage Applications - -0.3%
to move the housing market in the right direction.
3/7 ADP Employment Change 205K 170K
The reading was the highest for any January since 2007,
and is further fueled by mortgage rates which are nearly one 3/7 Nonfarm Productivity 0.8% 0.7%
percentage point below their levels of a year ago, trending
near historical lows. 3/7 Unit Labor Cost 1.2% 1.25
================== 3/7 Consumer Credit $12.0B $19.3B
The number of Americans filing first time claims for 3/8 Challenger Job Cuts (YoY) - 38.9%
jobless benefits fell to a level matching a four-year low from
March of 2008, more evidence the labor market is healing. 3/8 RBC Consumer Outlook - 45.1
3/8 Initial Jobless Claims 350K 351K
Applications for unemployment insurance decreased
2,000 in the week ended Feb. 25 to 351,000, Labor 3/8 Continuing Claims 3365K 3402K
Department figures showed today. Economists forecast
355,000 claims, according to the median estimate in a 3/8 BB Consumer Comfort - -38.8
Bloomberg News survey. The number of people on
unemployment benefit rolls fell, while those getting extended 3/9 Trade Balance -$49.0B -$48.8B
payments also declined.
3/9 Nonfarm Payroll 210K 243K
Work reductions are on a downward trend as employers
3/9 Private Payroll 220K 257K
gain confidence in the outlook for economic growth. A
smaller number of job reductions also puts those companies 3/9 Manufacturing Payroll 22K 50K
in place to hire additional employees as demand picks up.
3/9 Unemployment Rate 8.3% 8.3%
In an equally encouraging sign, only seven states and
territories reported an increase in claims, while 44 had a 3/9 Avg Hourly Earnings (MoM) 0.2% 0.2%
decrease.
3/9 Avg Hourly Earnings (YoY) 2.0% 1.9%
================== 3/9 Avg Weekly Hours 34.5 34.5
Positive statements heard this week:
3/9 Change in Household Employ - 847
“The attendance at my Open House last weekend was 3/9 Underemployment Rate - 15.1%
the busiest in years, with multiple visitors having serious
interest. I even picked up a neighbor who stopped by 3/9 Wholesale Inventories 0.6% 1.0%
who wants me to list their house as well”
“I had three offers on the first weekend, and it is
becoming a bit of a bidding scenario”
Mortgage Access Corp. d/b/a Weichert Financial Services, Executive Offices, 225 Littleton Road, Morris Plains, NJ 07950. 1-800-829-CASH. NMLS Company ID: 2731. Licensed by the NJ Dept of Banking and Insurance. Licensed Mortgage
Banker with the State Dept of Banking in NY and CT. Licensed by the Pennsylvania Department of Banking, Mortgage Lender 21042. Licensed Lender in AK, AR, DE, MD, D.C., GA, ME, MI, MN, WI, IA, IL, IN, LA, VT, FL, WV, RI, KY, NC,
ID, MS, NE, WY, OK,TN, WA. Licensed by the Virginia State Corporation Commission, License #ML105. Licensed Mortgage Lender in the Commonwealth of Massachusetts. License #ML1713, Certificate #43155. Certificate of Authority to
transact business in CO, SC. Registered Mortgage Lender in TX. Licensed with the Financial Institutions Division in New Mexico, License # 01297. Licensed by the Department of Corporations under the California Residential Mortgage
Lending Act. Licensed Mortgage Broker and Lender Ohio. Licensed Loan Broker and Lender Rhode Island. Kansas Licensed Mortgage Company, License #MC.0001229. Licensed by the New Hampshire Banking Department, License #
8714-MB. Licensed Oregon Mortgage Lender License #ML2528. Weichert Financial Services arranges loans with third-party providers. Equal Housing Lender.