Explore Redondo Beach, CA

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Non-Farm Payrolls disappointed with 145k jobs in December based on 156k forecasts. November and October numbers were revised lower by 14k. However, the Unemployment Rate remains Unchanged at 3.5%. Average Hourly Earnings also disappointed, as it only rose 0.1%, ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobless Report continues to show strong labor market, as only 214k people applied for benefits last week. Stocks are Up this morning, as tensions in the Middle East seem to calm down; and China announced they'll be in Washington DC to sign the Phase O...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The ADP report on new jobs came in hot! The November numbers were revised higher. The initial data for November was 67k and revised higher by 57k to 124k. In December, it rose to 202k; so, very nice numbers! We'll get to view the BLS' numbers on Friday, which wi...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The ISM Non-Manufacturing Index, which is the "Gold Standard" index in it's reports of the health of the Services Industry, rose from 53. 9% in November to 55.0% in December. This followed the same trend as yesterday's Markit Services PMI data, but a greater jum...

By Mike Bjork
(Pinnacle Home Loan)
Comments 2
http://MikesDailyMarketReport.com: Markit Services PMI rose from 52.2 in November to 52.8 in December. Stocks started the Morning in the Red, as Investors continued their concerns over the Drone Strikes in Iraq last week; however, the sentiment softened, and Stocks closed in Positive Territory. M...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: ISM Manufacturing Index disappointed, as it dropped in December (going from 48.1% in November to 47.2% in December). Analysts may begin to disregard this report in the near future, as Boeing intends to halt their 737 Max production in January. Production by Boei...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Weekly Jobs reported that 222k people applied for first time unemployment benefits last week. The previous report was revised higher by 2k, to 224k. The Markit Manufacturing PMI released their final number for December, which came in at 52.4. This is higher ...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Happy New Years! Hope you all have a fun, safe New Years Eve tonite! We have a few data to report, which we'll begin with the Case Shiller HPI for October, which it rose from 3.2% to 3.3% YoY. This is considered the "Gold Standard" index for Home Prices. Consume...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: Chicago PMI improved a little bit, as it went from 46.3 to 48.9 in December. However, this still in contraction levels. Pending Home Sales rose by 1.2% in November. Stocks are in the Red this morning, as Investors reassess their positions in the Market. As is th...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: There's no data to report from the Calendar today. Stocks are trading on light levels and in Mixed Territory so far this morning. There was a report out of China that their November's Industrial Profits were Up and reversed several months of Negative Profits. We...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Initial Jobless Claims dropped down to 222k last week. Still relatively quiet, in terms of news, so the Market is still monitoring the Phase One Agreement. Both sides are expressing that it's nearly done, it's a matter of translations and other fine details befo...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: No economic data to report today. Markets will close early today for Christmas and return on Thursday, which we'll see the Weekly Jobless Claims. From now until the end of the year, we may see some swings in the Markets, as we deal with skeleton crews. Beijing r...

By Mike Bjork
(Pinnacle Home Loan)
Comments 3
http://MikesDailyMarketReport.com: Durable Goods Orders dropped by 2% in November, which was heavily affected by lack of Airline and Defense Goods being purchased. When you remove autos, then it rose by 0.6%. New Home Sales were revised lower from 733k annualized units to 710k in October. In Nove...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: The Q3 GDP remained unchanged for it's final revision at 2.1%. This indicates the economy is still growing at a modest pace, which is especially important due to the Trade negotiations with China during this period. Personal Income rose by 0.5% in November. Cons...

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: The Weekly Jobless Claims are down to 235k this week from last week's report of 252k, which is a welcomed sign; but it's still a little higher than we've been seeing, so we'll definitely keep an eye on this data. The Philly Fed dropped to 0.3 (nearly in contract...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Quiet Day in the Market today. There are no data to report on the economic calendar today, and Geo-Political news is mostly mute. Even though the House Vote for Impeachment Hearings is not a factor, as it's widely expected to die with the Senate, so Investors ar...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
http://MikesDailyMarketReport.com: Housing Starts increased to 1.365 million annualized units in November from a higher revision in October of 1.323 million. A good forward indicator for more Housing Starts are Building Permits, which also, increased from 1.461 million annualized units to 1.482 m...

By Mike Bjork
(Pinnacle Home Loan)
Comments 1
If either you're working with Real Estate Investor or plan to become one, then you may want to review Fannie Mae's new Guidelines that just went into effect 12/7/19 regarding the use of rental income. This will greatly affect First Time Real Estate Investors. 

By Mike Bjork
(Pinnacle Home Loan)
Comments 0
http://MikesDailyMarketReport.com: There was some slight improvement in the manufacturing sector for the NY region, as the Empire State Index rose from 2.9 to 3.5 in December. Markit PMI released their 2 reports (Manufacturing and Services industries). The Manufacturing dropped slightly from 52.6...

By Keith Kyle, Top Producing Agent
(Vista Sotheby's International)
Comments 3
It doesn't get much better than living near the beach.  The one real problem......affordability.  The demand for property near the beach in Southern California never seems to slow and why would it?  Near perfect weather, endless activities, great schools and of course those beautiful beaches are ...

Redondo Beach, CA Real Estate Professionals