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| Economic
Indicators that can Impact Home Values |
Gross
Domestic Product: measures the output of
goods and services.
If GDP grows too much, the Federal Reserve may intervene
with higher interest rates to slow growth, thus
decreasing the demand for financing.
If GDP slows, the Federal Reserve may intervene
with lower interest rates to accelerate growth,
thus increasing the demand for financing.
The cost of financing can impact the market values
of homes.
Consumer
Price Index: measures the change of price
(rate of inflation) for a fixed market basket of consumer
goods and services.
If the CPI increases more than expected, rates
tend to move up. Likewise, if the CPI decreased
more than expected, rates tend to move down.
Producer
Price Index: measures the change of price
for goods and supplies used in the products of consumer
goods and services.
The increase of the PPI eventually is reflected
in the price consumers pay for domestic products,
which in turn increase CPI.
Employment:
measures the level of employment and earnings estimate.
The Unemployment indicator measures the level of
unemployment.
Rising levels of employment put pressure on salary
levels, which tends to be inflationary and can impact
the rise of interest rates.
Housing
Starts: measures the number of new housing
permits.
New developments in an close proximity can put
downward pressure on existing home values.
American Housing Survey / Census:
http://www.census.gov.../housing.html
More government reporting indicators:
http://www.access.gpo.gov/...
What moves interest rates:
http://www.hsh.com/
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