Market in a minute.


For the Week Ending August 28, 2015
Please enjoy this quick update on what’s happening this week in the housing and financial markets.

Stock market volatility shook the markets with record lows and record highs. The volatility may delay the Fed’s intended policy rate increase until later this year.
The number of unemployment claims fell more than expected, pointing to a steadily firming labor market. Labor improvement supports Fed policy changes.
The second estimate for Q2 GDP is sharply higher than the first estimate and stronger than expected. Good economic news can lead to rate increases.

New home sales rose in July, recovering from a slide in purchases in June. Demand is attributed to a healthy job market and low mortgage rates.
Average median home prices rose in July 4.5% year-over-year. By most estimates, this is a more sustainable pace than 2014’s double-digit increases.
Consumer confidence rose to a 7 month high in August. Confidence suggests strength in the housing markets.

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