National Association of Realtors reports Existing-Home Sales Jump Again in October

Washington, D.C. – Existing-home sales ascended in October for the second straight month and eclipsed June’s cyclical sales peak to become the highest annualized pace in nearly a decade, according to the National Association of Realtors^®.

All major regions saw monthly and annual sales increases in October.   

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of December 3rd, 2013

Clarksville, TN – Next week, the ISM Manufacturing Index should set the tone for the week, but the markets will put a lot of weight on the November jobs data.

Recall that the government shutdown did not have a noticeable impact on the October nonfarm payroll figures (which were stronger than anticipated), but did alter the household survey data (the unemployment rate and the employment/population ratio).

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Clarksville Weekly Market Snapshot from Frazier Allen for the week of November 24th, 2013

Clarksville, TN – The minutes of the October 29th-30th Federal Open Market Committee meeting showed that monetary policymakers still expected the economy to improve in line with their earlier projections “and would thus warrant trimming the pace of purchases in coming months.”

Officials also considered scenarios where the Fed could taper “before an unambiguous further improvement in the outlook was apparent.” The stock market pulled back a bit on the taper talk, but rose to new highs anyway.

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