July 2018

There are 5 blog entries for July 2018.

Consumer Confidence nears 18 year High 

 After US GDP ripped higher to a clip over 4%, US consumer confidence is nearing an 18 year high. With wage growth appearing in the economy, job creation, robust hiring, low employment, and tax plan incentives, consumers surveyed are showing optimism.  Sources https://www.conference-board.org/data/consumerconfidence.cfm and market watch.com

Having worked in logistics out of college, I know a good indicator of true economic activity is truck tonnage, in other words how much freight are US trucks actually moving. Here is the chart. 

10 yield Treasury yields have climbed back to 2.95.  Inflation is remaining tame and now the big question, will the FED continue to raise rates? They have risen rates too

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Is the West Coast Housing Market a leading national housing indicator?

Zeroing in on San Fransicso Real Estate Prices: Can we predict Greenville SC Housing Prices? Most, would argue no because real estate is local in nature. However, there are national and even sometimes international common denominators. What would be a common denominator in national or international housing trends? Easy credit, low interest rates, growing GDP, growing employment, etc--and some of these denominators bleed into the local aspect of the housing markets, like Greenville's employment base and destination city status. 

I tend to look westward for macro or national real estate trends, particularly to California. Why? The state of California is the 5th largest economy

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 Greenville's Startup Business Culture

Bloomberg published an article called "The New Startup South" featuring Greenville South Carolina has having a successful startup culture for small and growing business. Bloomberg Business correctly states, "Greenville has excelled at creating an appealing—and walkable—commercial district. The scenic riverfront features a park bordered by a mixed-use development, a waterfall, and a pedestrian bridge." The city of Greenville has poured millions into downtown Greenville's redevelopment, making it a world-class pro business city!

Quoting the article again, "Some elements of Greenville’s transformation aren’t easy to replicate, including decades of political commitment to creating a community that’s

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Mortgage Rates fall to the lowest in 3 Months

 

Home buyers get a small break from rising interest rates. Mortgage interest rates have been on the rise since late last year (2017). As investors buy bonds seeking shelter from Trade Wars and Fed Rate Hikes, the yields of the 10 Treasury, which drives mortgage rates in part, have begun falling, helping push down mortgage rates. 

If you are looking at Greenville SC Homes for Sale  or Spartanburg SC Homes for Sale, and would like an advocate working with you, for your interests, please call or text Jonathan Kostyra: 864-525-0736. Jonathan has over 12 years experience in Upstate South Carolina as a Realtor and real estate license. Jonathan handles residential and commercial real estate sales in

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