De Groote Financial Group August 26, 2016

New Home Sales Jump 12.4% in July… The move puts new home sales up more than 30% from the same time last year. What it means – Demand for new homes remains solid, as sales are at their highest level since 2007. Still, the current pace is less than half of what it was at […]

De Groote Financial Group June 10, 2016

Federal Reserve’s Labor Market Conditions Index (LMCI) Drops to Lowest Level Since May 2009… The experimental data series was revised lower in April as well, from minus 0.9 to negative 3.4, which is the second-lowest reading since the crash. What it means – The Fed developed the LMCI, a composite of 19 separate indicators, to […]

De Groote Financial Group May 27, 2016

April New Home Sales Rocket Higher, Up 16.6% Over March… The worry over new home sales in March appears misguided. In addition to an unexpected jump in sales last month, the median sale price also jumped 7.8% to $321,000. What it means– In March, new home sales, permits, and existing home sales posted disappointing results. But the residential real estate […]

De Groote Financial Group October 30, 2015

Federal Reserve Leaves Rates Unchanged…  The central bank left short-term rates at zero, but specifically mentioned in their press release that they could raise rates as soon as December. What it means – The Fed reminds of Wimpy from the cartoon Popeye. Wimpy is famous for saying, ” I will gladly pay you Tuesday for a […]