Welcome to Markets in a Minute
Our Markets in a Minute is a video series provided by V.I.P Mortgage weekly. Enjoy this minute-long video and make sure to come back every week to see new videos with facts about our markets. Questions ask us in the comments or send us a comment on our contact page.
Our Take on Markets in a Minute:
Officials Unconcerned About Inflation
Ideally, people do not want to be worried about inflation because of rising costs. However; following this trend the officials have started discussing tapering bond purchases. Furthermore, reducing the purchase of bonds will flatten the inflation curve.
Retail Sales Have Not Changed
Retail sales being unchanged shows that the people have used their stimulus money and more. This shows a positive increase in the economy. More and more people head back to work because of many states removing Federal money access.
Homebuilders Remain Confident
Even with the labor shortage and raw materials shortage, we are seeing strong demands for housing. People want to buy their new homes or build. The shortage of materials is making homes less affordable. Weekly mortgages fell 4% last week due to all of this, but homebuilders remain confident that they are still going to build new.
Finally…
We are looking at numbers and are still out a considerable amount of time due to worker shortages at our home suppliers, but we are working hard to bring these homes to you as fast as WE can in order to make certain that you get your home.
“Iron susts from disuse; water loses its purity from stagnation… even so does inaction sap the vigor of the mind.”
– Leonardo da Vinci