Market Outlook – Page 8 – Rita Kerins-Neighborhood Expert Chicago Real Estate Broker

What’s Ahead For Mortgage Rates This Week – December 29, 2014

Last weekâs economic news included several housing related reports. Housing markets continue to cool as November reports on existing and new home sales fell below expectations. New Jobless claims were lower than expected by 10,000 claims.

What’s Ahead For Mortgage Rates This Week – December 22, 2014

Last week’s scheduled economic events were few but informative. Housing related reports included the National Association of Home Builders/Wells Fargo Housing Market Index for December, which stayed close to a nine-year high reading of 59 in September. December’s reading was 57 and fell two points shy of the expected reading of 59.

FOMC Statement: No Year-End Surprises

The Federal Open Market Committee (FOMC) said in its last statement for 2014 that although economic conditions have improved at a moderate pace, the Fed believes that the target federal funds rate of between 0.00 and 0.25 percent remains “appropriate.” While labor markets show expanding job growth and lower unemployment rates, FOMC members noted that housing markets are recovering slowly.

Home Builder Index Stays Near Nine Year Peak

Home Builder Sentiment slipped to a reading of 57 in December according to the National Association of Home Builders Housing Market Index. November’s reading of 58 prompted analysts to project a reading of 59 for December. The latest reading marks the sixth consecutive month for readings above 50.

What’s Ahead For Mortgage Rates This Week – December 15, 2014

Although there were few scheduled economic events related to mortgages and housing, last week brought an article about housing projections for 2015. Other news included increased job openings along with lower than expected jobless claims and higher mortgage rates.

What’s Ahead For Mortgage Rates This Week – December 8, 2014

Last week’s economic reports related to housing and mortgages were few, but construction spending, the Fed’s Beige Book report, non-farm payrolls and the national unemployment report indicated trends for the end of the year.

What’s Ahead For Mortgage Rates This Week – November 24, 2014

Last week’s scheduled economic news included the NAHB/Wells Fargo Housing Market Index, Housing Starts and Existing Home Sales. FOMC meeting minutes were released along with weekly Freddie Mac mortgage rates and weekly jobless claims.

FOMC Minutes: Economy Growing, Housing Lags

Minutes of the Federal Open Market Committee (FOMC) meeting held October 28 and 29 were released Wednesday. The report suggests that the U.S. economy continues to improve, although the annual inflation rate remains near 1.50 percent and short of the committee’s goal of 2.00 percent.

Contact Rita
773-807-2387
rita@ritaestate.com

Rita Kerins
Real Estate Advisor

A Chicago Native, Rita Kerins is a realtor who balances her tech-savvy skills, with the personal connection of seeing her clients from the start of their journey, all the way to the closing table.

“We truly enjoyed working with Rita. She really understands the Chicago real estate market and helped us reach our end goal of selling. She was very friendly, straightforward, attended every showing in person and constantly provided immediate feedback on every showing.” - Robert and Tanya Eckl

Rita approaches each client with a personal touch. She takes her time to understand their needs and communicates with them every step of the way. Rita truly enjoys the close interactions she has with her clients. Being with her clients when they find the perfect home or sharing the news that their home has sold are the moments that make her truly passionate about her job.

“Rita Kerins is what every buyer and seller needs. She is always there for her clients. At no step of the process did I have to wonder what was next, or feel terrified that I didn’t know what to do, because Rita explained what was going on and what to expect. I’ll always recommend Rita Kerins to all of my friends and co-workers and will ask her to be my agent whenever I go to sell my property and buy my next place. She’s that good!” - Johanna Gonzalez

Let her help you find your perfect home. Contact Rita today!

Designations and Awards

- Graduate of the Realtor Institute (GRI)
- Certified Luxury Home Marketing Specialist (CLMHS)
- Certified Social Media Marketer (CSM)
- Chicago Association of Realtors Top Producer Award Winner