Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Consumer Sentiment rose slightly from 95.5 to 95.7, which was better than expectations of it dropping to 95.0. Wholesale Inventories dropped 0.4% in September. Stocks are in Mixed Territory today, as President Trump stated that he didn't authorize any roll-back ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Claims came in lower this last week (from the previous of 219k) to 211k. Stocks are taking off a bit this morning on news out of China that the US and them have agreed to cancel tariffs in phases. There has not yet been any response from the U...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Productivity slipped by 0.3% in Q3, as forecast called for an increase of 0.6%. Unit Labor Costs rose 3.6% in Q3, which was much higher than expectations of 2.5%. Stocks are in the Red this morning after reaching new highs again yesterday. They seem to be search...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Today, we have 2 reports on the Services Industry. The Markit Services PMI showed a decline from 51.0 to 50.6 in October; whereas, the ISM Non Manufacturing Index rose from 52.6% to 54.7%. The ISM is considered the "Gold Standard" for Economists and Investors. S...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Factory Orders dropped 0.6% in September, which is the only report on the Calendar today. Tomorrow will give us some insight into the Services Industry with the ISM Services Index. Stocks are Up this morning on progress being made with China, which Phase 1 is be...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The BLS released their Jobs data, which we'll start with the Non-Farm Payrolls for October. We saw 128k new jobs with expectations set at 75k. On top of that, the previous 2 months were revised higher by another 95k. The Unemployment Rate ticked up slightly from...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Happy Halloween! The Weekly Jobless Claims rose to 218k last week; and the previous week's data was revised higher by 1k (to 213k). The Employment Cost Index (ECI) rose 0.7% in Q3. This index can be a good indicator of inflation in the employment category. Lucki...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The ADP Employment reported 125k new jobs for October, which is up from 93k in September; however, September was revised lower by 42k from it's initial report. The Q3 GDP dropped slightly from it's annual pace of 2.0% to 1.9%, which is better than expectations o...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Case Shiller HPI improved from 3.1% YoY in July to 3.2% YoY in August. This is a direct correlation, as to when interest rates began to dip, which helped Housing Prices. The Consumer Confidence Index dropped a little, from 126.3 to 125.9 in October. Pending ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: There are no economic data to report from the Calendar today. Stocks are Up this morning on more positive Q3 Corporate Earnings Reports. It's been reported that the US and China are nearing completion some sections of an Agreement. Also, the UK received their ex...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 0
People always wonder why homes near the beach are so expensive. When things like this happen just outside it's pretty easy to see why life at the beach is so special. There are endless reasons we love Redondo Beach and the South Bay.  Some are pretty obvious with the great weather, beautiful ocea...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Consumer Sentiment dropped a little in October, from 96.0 to 95.5. Stocks are Up this morning. Still taking it's lead from Q3 Earnings Reports. In general of those that have reported, about 75% to 80% have hit or exceeded expectations. EU is still working on a p...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Weekly Jobless Claims dropped from 218k (was revised higher by 4k) to 212k. Durable Goods Orders dropped by 1.1% in September and dropped by 0.3% when you exclude Transportation. New Home Sales dropped from 706k (was revised lower from 712k, which was a 12 year ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: The FHFA Home Price Index rose only 0.2% MoM in August, which it's YoY dropped from 5.0% to 4.6%. This index factors homes with conforming loan limits. Stocks started the early trading in the Red, but the DOW has since broke into Positive Territory. There were a...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 0
We sell homes throughout the South Bay and we certainly have our favorites.  The Village Condos and Townhomes in Redondo Beach is certainly a complex that we think is pretty ideal.  There are a number of complexes that have a "Village" address including Seascapes 1, 2 and 3, but "The Village" is ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Existing Home Sales dropped a bit in September, going from 5.49 million annualized units to 5.38 million in September. We will receive the New Home Sales on Thursday. Investors will be primarily watching the Q3 Corporate Earnings Reports, which have (for the mos...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There is no economic data to report today, which will be a relatively light week for it. We'll receive data on the Existing Home Sales tomorrow. Stocks are in Mixed territory, as the DOW has been bouncing between Positive and Negative Territory this morning. The...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Leading Economic Indicators continue to decline, which it's MoM into September dropped 0.1%. Stocks are trading in Negative Territory this morning on bad economic news out of China, which shows their Economy slowing more rapidly than anticipated. Q3 Corporate Ea...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: The Weekly Jobless Claims rose a little bit to 214k, which this week's data is important, as it's being used by the Bureau of Labor Statistics (BLS) as part of it's Job Numbers. The numbers for both Housing Starts and Building Permits look on the surface a bit d...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: September was not kind to Retail Sales, as they report a contraction of 0.3% in September; and when you exclude big ticket items, like Autos, then they dropped 0.1%. This report increased the likelyhood of the Fed cutting rates at it's next FOMC from 78% to 90% ...

Redondo Beach, CA Real Estate Professionals