Jeff Brown

Licensed mortgage professional conducting business in RI & MA specializing in real estate financing with access to the most competitive products in New England.

[Jeff Brown @ECoastFinancial]

The CoreLogic Home Price Index (HPI) showed that home prices rose by 1.0% in March and 3.7% year over year. CoreLogic forecasts that home prices will increase by 4.8% in the next 12 months.

[Jeff Brown @ECoastFinancial]

The BLS Jobs report showed there were 263,000 Jobs created in April, which was higher than estimates of 180,000 and last month's prior revised report of 189,000. The unemployment rate fell to 3.6% and Average Hourly Earnings increased by 0.2% on the month and 3.2% year over year.

[Jeff Brown @ECoastFinancial]

Pending Home Sales, which measures signed contracts on existing homes, rose 3.8% in March, which was higher than expectations of 0.7%.

[Jeff Brown @ECoastFinancial]

Existing Home Sales, which tracks closings on Existing Homes, rose 11.8% in February at a 5.51 Million unit annualized pace, which was better than expectations of 5.12 Million. Median Home price increased to $249,500, which was 3.6% higher year over year.

[Jeff Brown @ECoastFinancial]

Housings Starts for January reported at a 1.230 Million unit pace, which is an 18% increase from the previous month. This really was a blockbuster number! Specifically, single-family housing starts (which is the heartbeat of the housing market) were up 25%.

[Jeff Brown @ECoastFinancial]

The BLS Jobs Report showed there were 20,000 Jobs created in the month of February, which fell short of the 175,000 estimate. The unemployment rate fell 0.1% to 3.8% and average hourly earnings were up 0.4% for the month and 3.4% year over year.

[Jeff Brown @ECoastFinancial]

New home sales up 3.7% in December. Analysts were expecting a decline of 7.9% so this is fantastic news for the real estate market!

[Jeff Brown @ECoastFinancial]

The 4th quarter Gross Domestic Product (GDP) came in at a 2.6% annualized rate, beating estimates of 2.2%.

[Jeff Brown @ECoastFinancial]

Pending Home Sales, which measures signed contracts on existing homes, rose 4.6% in January. This exceeded the 1.0% expected gain.

[Jeff Brown @ECoastFinancial]

The Case-Shiller Home Price Index, which tracks changes in value of residential Real Estate across the US, rose at the slowest pace since August 2015. The National Index, which covers all nine U.S. Census divisions, increased 4.7% annually in December, down from 5.1% in November.

[Jeff Brown @ECoastFinancial]

Existing Home Sales, which tracks closings on Existing Homes, were down 1.2% in January, which was better than the 6.4% decline expected. The Median Existing Home price increased 2.8% from a year ago to $247,500.

[Jeff Brown @ECoastFinancial]

The Bureau of Labor Statistics reported that there were 304,000 jobs created in the month of January, which was higher than expectations of 158,00. Last month's number was revised lower from 312,000 to 222,000 and the unemployment rate increased from 3.9% to 4.0%.

[Jeff Brown @ECoastFinancial]

New Home Sales, which measures signed contracts on new homes, were up 17% in November at a 657,000 unit annualized pace, which was far above expectations of 563,000. The Median Home Price was $302,400, 12% lower than one year ago.

[Jeff Brown @ECoastFinancial]

Initial Jobless Claims, which measures individuals filling for unemployment benefits for the first time, was reported at 253,000 for last week. This represents an increase of 53,000 from the previous revised report of 200,000 Claims.

[Jeff Brown @ECoastFinancial]

New office location in Seekonk MA! https://t.co/Tq3CxHDB0W

[Jeff Brown @ECoastFinancial]

Pending Home Sales, which measures signed contracts on existing homes, fell 2.2% in December, this was worse than the 0.3% expected gain.

[Jeff Brown @ECoastFinancial]

The ADP Employment Reported showed that there 213,000 created in the private sector in January, which exceeded expectations of 174,000. Additionally, December's figure was revised lower by 8,000 from 271,000 to 263,000.

[Jeff Brown @ECoastFinancial]

The Case-Shiller Home Price Index, which tracks the changes in the value of residential Real Estate across the US, showed that Home prices rose at a slower pace in November. Home values increased by 5.2% year over year in November, down from 5.3% the previous month.

[Jeff Brown @ECoastFinancial]

The Median Existing Home price increased 2.9% year-over-year to $253,600 in December.