Upcoming Financial indicators to look for this Week that may affect Sedona Real Estate
There were some financial indicators from last week that could impact anyone buying a home especially a second home in the Sedona Real Estate market. They are as follows: Last week was not a happy one for folks who need a mortgage. Mortgage rates were as much as .25% higher than they were at the beginning of the week. The reasons include a big stock market rally, and very strong data including productivity and factory orders. These factors eclipsed the disappointing jobs number. Remember that in an economic recovery jobs are always (unfortunately) the LAST area to recover. And if we don't have jobs - we don't have money to buy houses...This week will be dominated by Treasury auctions. Also, Ben Bernanke testifies before a less than friendly House Budget Committee on Wednesday afternoon.
Hold on tight!