Today's Headlines - Realty Times
Posted On Wednesday, 16 June 2021 15:11 Written by



JG2John Giaimo is CEO of Bring it Home Communities, Inc, Rewards Call Center, LLC and the real estate news organization Realty Times, Inc.

In the early 1990s, as founder and CEO of publicly traded HomeSeekers.com Inc., John was the first to place an entire multiple listing service home listing database on the web as he pioneered and implemented the infrastructure still used in today's online real estate marketplace. This included MLS, broker, and agent website development.

John pioneered the technology platform and interface to display listing walk- throughs of real property through the use of video. He produced the weekend cable and satellite TV shows The Real Estate Home Show, Search Homes on TV and Realty Times TV.

Drawing on his 30 years of real estate and technology expertise, John’s unique understanding of how technology can meet the needs of consumers continues to drive change in the Real Estate Market; he will continue to write the rules and set the pace for years to come.

 
Posted On Wednesday, 16 June 2021 00:00 Written by
Posted On Wednesday, 16 June 2021 00:00 Written by
Posted On Tuesday, 15 June 2021 00:00 Written by
Posted On Wednesday, 16 June 2021 00:00 Written by
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Posted On Monday, 14 June 2021 00:00 Written by

I spoke last week about important economic information that was coming out in the last six days. Jobs report last Friday, and the inflation data today for May. Neither report was very encouraging, but the markets are taking the information in stride and buying into the theory of “Don’t fight the FED!”

The Federal Reserve has dismissed higher inflation as “transitory” and that prices will fall as the economy recovers and people go back to work. Their statements indicate that everything is related to the supply chain being restricted and that once all the workers go back to work, supply will return and that prices will fall. I’m not so sure everyone believes that, but we all know you can’t fight the FED!

Today the key number was that year over year inflation was 5%. That is the highest year over year number since January 1992. Certainly, well over the FED target of 2% to 2.5%. The market reaction was that it barely moved the needle at all. The 10yr treasury moved a few basis points higher following a really solid bond auction yesterday; and the UMBS 30yr 2.5% coupon fell from 103.67 to 103.58. A move lower, but not all that much for now. Keep in mind if you follow the charts, resistance on improving rates is about 103.75; and declining rates sits where we currently sit at 103.58. A significant push below that level could see a sharp increase in mortgage rates, but I believe the key will be the market believing the FED and the FED continued purchasing on a grand scale.

It might be good to watch the 30yr treasury auction this afternoon and the market response to it; but for now, nobody wants to fight the FED and the Kool-Aid continues to flow until otherwise noted. So as always, if you like it, lock it; if the client wants to gamble, be sure they know it’s all on them.

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Posted On Monday, 14 June 2021 00:00 Written by
Posted On Saturday, 12 June 2021 07:50 Written by
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