Wednesday, May 23, 2018

Check out this local Whittier event!

Name: Friday Certified Farmers' Market
Date: May 25, 2018
Time: 8:00 AM - 1:00 PM PDT
Event Description:
The Uptown Whittier Farmers’ Market is a community gathering place and an opportunity to purchase California grown products. It is a great place for the community, residents and merchants to access locally grown, farm-fresh produce all while personally interacting with the farmer who produces it.
Enjoy the vendors with plentiful supplies and stroll the pedestrian-friendly streets in Historic Uptown Whittier.

Wednesday, May 9, 2018

Consumers grow more confident in future of economy

Source: Housing Wire

Consumers’ assessment of their current conditions remained at a 16-year high even as their confidence in the future edged higher, according to the Consumer Confidence Survey conducted by The Conference Board by Nielsen, a provider of information and analytics around what consumers buy and watch. The Consumer Confidence Index increased to 121.1 in July up from 117.3 in June. The Present Situation Index increased from 143.9 last month to 147.8 in July and the Expectations Index increased to 103.3, up from 99.6 last month. In 1985, the index was set to 100, representing the index's benchmark. This value is adjusted monthly based on results of a household survey of consumers' opinions on current conditions and future economic expectations. Opinions on current conditions make up 40 percent of the index, while expectations of future conditions make up 60 percent. Consumers’ assessment of their current conditions improved in July as those saying business conditions are good increased from 30.6 percent to 33.3 percent. Those who said business conditions are bad remained unchanged at 13.5 percent. Consumers also held a more favorable view of the labor market, as those saying jobs are plentiful increased from 32 percent to 34.1 percent while those saying jobs are hard to get decreased from 18.4 percent to 18 percent.

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Thursday, May 3, 2018

The Great Recession is still hurting Gen X

Source: Market Watch

The recession is continuing affect one aspect of Generation X’s financial health — and it could be putting their retirements at risk. Generation X home owners with mortgage between the ages of 35 and 50 on average have a loan-to-value ratio (LTV) of 70 percent, according to a report released this week by real-estate website Zillow. Comparatively, the average LTV among all home owners is 62 percent. The loan-to-value ratio measures how much a borrower still owes relative to the value of the property. Having a lower LTV means that a home owner has a lower amount left to pay on the mortgage — comparatively, home owners with high LTVs are at a greater risk defaulting on their loans. Making mortgage payments or providing a larger down payment will lower the LTV for a homeowner, and home owners with lower LTVs can qualify for a lower mortgage rate.

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