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Producer Price Index Release - Ahead of the Fed's FOMC Rate Decision Meeting
18 September 07 08:17 AM | Clay & Kathie Kime | 123 Comments   
This morning, September 18th, the Bureau of Labor Statistics reported that The Producer Price Index for Finished Goods fell 1.4 percent in August, seasonally adjusted. This decrease followed a 0.6-percent increase in July and a 0.2-percent decline in Read More...
Volkswagen Headquarters Moving to Herndon, VA
10 September 07 11:02 AM | Clay & Kathie Kime | 282 Comments   
Volkswagen Arrives Bearing Gifts To lure Volkswagen of America to Herndon, Virginia Gov. Tim Kaine (D) worked for seven months and authorized $6 million in incentives. So when he arrived this morning for the formal announcement ceremony to talk about Read More...
Don't Miss the Boat! Mortgage Rates are Falling!
07 September 07 01:56 PM | Clay & Kathie Kime | 4 Comments   
If you've been waiting for the right time to buy . . . it's now! T oday's Employment Report from the U.S. Department of Labor showed marked and unexpected weakness in non-farm payrolls, sending the stock market downward and the bond market Read More...
Cautiously Optomistic finish to 1st Half of 2007
29 June 07 01:14 PM | Clay & Kathie Kime | 10 Comments   
At the end of the 2 nd quarter of 2007 the economy continues to stagger, although optimistically. Existing Home Sales for May (Nationally) were off slightly from the previous month, but still above analysts’ estimates with 5,990,000 units sold. Read More...
Drop in Consumer Confidence.
26 June 07 09:47 AM | Clay & Kathie Kime | 0 Comments   
On the heels of the Conference Board's report last week of increases in the Leading Economioc Indicators , the Board reports this week that Consumenr Confidence is weakening. The Conference Board Consumer Confidence Index, which had bounced back in Read More...
Week to Watch the Markets for Interest Rate Trend Indications
11 June 07 11:28 AM | Clay & Kathie Kime | 5 Comments   
Last week we witnessed an anomoly in the Financial Markets. Stocks went "down" and Bonds also went "down" (yields went up). These are nearly contradictory movements. Traditionally as money flees "from" equities (Stocks) it Read More...
Labor Stats Likely Efect on Interest Rates
06 June 07 04:45 PM | Clay & Kathie Kime | 0 Comments   
The Bureau of Labor Statistics reported today (June 6th) on Productivity, which was down about .7 (Business previously at 1.3, revised down to .0.5 and Non-Farm Business previously reported at 1.7 and revised down to 1.0) and the number of hours worked Read More...
Fed Chairman Speaks out on the Economy and Housing
05 June 07 10:36 AM | Clay & Kathie Kime | 0 Comments   
At today's (June 5th) address to the 2007 International Monetary Conference, Cape Town, South Africa (via satellite) Ben Bernanke, Chairman of the Fereral Reserve Board noted: "As you know, the downturn in the housing market has been sharp. From Read More...
Factory Orders Up. . . but not! (Inflationary Pressure?)
04 June 07 02:25 PM | Clay & Kathie Kime | 0 Comments   
The Commerce Department reported today (June 4, 2007) that Factory Orders for manufactured goods were up 0.3% for April '07. This report surprised industry analysts who were forecasting .7-.8% increases for non-durable goods, more than double the Read More...
Average Home Price Headed for $14-Milllion by 2057
31 May 07 04:48 PM | Clay & Kathie Kime | 1 Comments   
No . . . it's not a misprint or a typo. The average home is predicted to be worth $14-Million by 2057. This is not some "nutty" crystal-balling, but actual analysis of future trends by the regions most learned experts and leaders. From today's Read More...
U.S. HOUSE PRICE APPRECIATION RATE REMAINS SLOW, BUT POSITIVE
31 May 07 09:40 AM | Clay & Kathie Kime | 3 Comments   
Virginia is ranked in the "Top 25" for 1-Year Appreciation at 5.42%. The Office of Federal Housing Enterprise Oversight (OFHEO) reported today (May 31, 2007) that the rate of home price appreciation in the U.S. remained slow but positive in Read More...