We think these updates from the economic world underscore some positive changes that are impacting the Las Vegas Real Estate Market and across the USA. Data published today:
- Mortgage applications in the U.S. rose last week to the highest level in three months. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending April 3 increased 4.7% to 1,250.6 from 1.194.4 the previous week. Purchase volume rose 11% to 297.7, while refinancing applications jumped 3.2% to 6,813.5.
- According to the ICSC-Goldman Sachs index, retail sales rose 0.6% in the week ending April 4. This follows a strong 1.1% growth in the week ending March 28. On a year-on-year basis, retailers saw sales decline by 0.3% from the week ending April 4.
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Wholesale sales rose in February for the first time in eight months. Overall wholesale sales increased 0.6% and the sale of wholesale durable goods jumped 2%. Meanwhile, wholesalers reduced their inventories by 1.5% in February. The decline was more than twice as much as the 0.7% forecasted and the steepest since record keeping began in January 1992.
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The Labor Department said initial claims for unemployment benefits fell by 20,000 to 654,000 from the previous week’s revised figure of 674,000. The decrease in the week ending April 4 was better than expected. Economists had anticipated claims to drop to 660,000. The number of people continuing to claim jobless benefits rose to 5.84 million from 5.75 million in the prior week.
Good to share some positive news about good things that are happening in our economy. Mainstream media at times can go with “if it bleeds it leads” mentality and we want to offset this! Las Vegas Real Estate is Selling – Call us: 877.360.2030
