June 18, 2019 With the fronts on the trade war expanding from China to India and closer to home on our Southern Border with Mexico, the markets have become very nervous as to how increased tariffs will affect the economy, and we have seen stocks become more volatile. Obviously, the Federal Reserve Board is watching […]
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June 11, 2019 Despite trade wars, political battles and all the other noise swirling around, the one area in which the economy has continued to shine has been the creation of jobs. It is hard to even think of a recession when you are creating approximately 200,000 jobs per month. When jobs are created, consumers […]
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June 4, 2019 Stocks have been on a general downward trajectory since the trade war with China heated up. This has happened despite the fact that the economy seems to be on solid footing, especially within the area of jobs growth. The initial reading of economic growth for the first quarter of the year was […]
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May 21, 2019 So, we had declared that everything was in place for a fantastic economic ride. Low interest rates, a moderately expanding economy and rising stock prices. Then the ugly word was uttered — tariffs. It took one word to put a bump in the road of our goldilocks economy. As soon as the […]
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May 14, 2019 The initial reading of the first quarter’s economic growth was somewhat of a shocker. A growth rate of over 3.0% was certainly higher than market analysts expected. As a matter of fact, many were expecting interest rates to head higher after the number was released. Though rates have risen somewhat from their […]
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May 7, 2019 When the Federal Reserve Board’s Open Market Committee met last week, they did not have the jobs data from April to chew on before they made their announcement. Thus far this year, the Fed has been taking a “wait and see” approach to fiscal policy, with many predicting no rate changes in […]
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Much has been made of the fact that interest rates are lower this year than those “high paid” market analysts predicted. These lower rates have contributed to a rebound in the stock market during the first third of the year. Lower rates have also contributed to a rebound in the housing markets. We have witnessed […]
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The Queens NY Real Estate Market Continues to Boom Below is a list of the top 10 biggest real estate sales deals in Queens, New York during the 3rd quarter of 2018: 1. 82-11 37th Ave, Jackson Heights, NY 11372 Purchase Price: $55.9 Million ( Approximately) Sale of nine-story, 128,000-square-foot building in Jackson Heights. 2. 137-31 45th Ave, Flushing, NY 11355 […]
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April 23, 2019 Last week we spoke about how wrong the prognosticators were when they said interest rates were going up this year. Lower rates typically represent good news for consumers. But lower rates when we were expecting the worst actually translates into great news for consumers. And there is evidence that consumers are noticing […]
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April 16, 2019 At the first of the year we published a range of forecasts. This included the predictions for interest rates in 2019. These predictions were summarized by MarketWatch — For 2019, Market Watch reviewed the predictions of rates on home loans by several major economists. The range was an annual average of between 4.8% to 5.3% […]
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