“World's Most Complete Neighborpedia”
Sponsor a Community — What is Localism? | Register or Sign In
Explore:   What's happening in your neck of the woods?
Home Sue Margiotta

Sue Margiotta

Blog_tag

Market Trends

04-27-08
Sue Margiotta


April 24, 2008

Bloomberg.com

U.S.economy: Sales of existing homes fell in March

The national housing downturn continued in March as single-family home sales fell 2 percent in March - the seventh decline in the past eight months, the NATIONAL ASSOCIATION of REALTORS® (NAR) reported Tuesday. The NAR said the median price of a home fell from $217,400 a year ago to $200,700 this March, a 7.7 percent decline. The inventory of homes for sale increased by 40,000 units to 4.06 million homes. At the March rate of sales, it would take 9.9 months to deplete the inventory, up from 9.6 months in February.

MAKING SENSE OF THE STORY FOR CONSUMERS

The March results were in line with a Bloomberg survey of 72 economists, who projected a 2.3 percent decline in sales. Experts say buyers will likely stay on the sidelines until foreclosures, which are seen as driving prices down, level off. Since sales and price data lag a month or more, it is difficult to project when prices will level off and begin to rise.

The Midwest and South suffered the largest sales declines during March, falling 6.5 percent and 3.5 percent, respectively. However, the West (which includes California) and Northeast regions both experienced a 2.2 percent increase in sales.

Availability of credit is seen as a major barrier to improved home sales. On Tuesday, Bank of America reported it will limit the number of low-documentation loans it issues and further restrict credit to some borrowers after it reserved more than $6 billion to cover mortgage loan losses.

To read the full story, please click here:

http://bloomberg.com/apps/news?pid=20601087&sid=aQdRyvIRlWhQ&refer=home

USA Today

Bargain hunters boost home sales in some markets

With prices falling in many parts of the country and the number of foreclosures rising, a small yet growing number of bargain-hunting buyers are seeing an upside to the real estate market.

MAKING SENSE OF THE STORY FOR CONSUMERS

First-time homebuyers priced out of the market during the frenzied 2001-2005 market are among those most attracted to real estate today. In November 2007, 39 percent of buyers were first-timers, up from 36 percent in 2006, according to NAR. The key impediment to buying? Meeting tighter bank qualifying criteria.

International buyers increasingly are looking at opportunities in the U.S. real estate market. Declines in the value of the dollar against other currencies and lower prices translate into a discount of up to 30 percent for some foreign buyers.

Investors from other states also are seeking bargains in those markets hardest hit by the real estate downturn. Some are even buying properties sight-unseen for conversion to rentals until the market heats up again - a risky proposition, according to some observers.

To read the full story, please click here:

http://usatoday.com/money/economy/housing/2008-04-16-bargain-hunting-real-estate_N.htm

National Public Radio

Home prices drop most in areas with long commute

Urban real estate markets featuring short commutes are faring better than those suburban neighborhoods where homeowners must drive a significant distance to work. It seems that the longer the commute, the greater the drop in existing home prices.

MAKING SENSE OF THE STORY FOR CONSUMERS

With gas prices skyrocketing, more buyers are taking driving distance and the time they spent commuting into consideration when they look for a home. Some who bought homes in distant suburbs during the real estate boom because that's where they could afford to buy underestimated the cost of commuting and are suffering both a decline in their home value and a more expensive daily commute.

Builders are shifting gears and building closer to metro areas, where empty-nesters and younger singles are more likely to buy. This has created a renaissance in many downtown communities. With the percentage of couples with children declining, the trend toward suburban living is expected by some to continue to moderate even after the housing market recovers.

To hear the full story, please click here:

http://www.npr.org/templates/story/story.php?storyId=89803663

Los Angeles Times

Lenders derail plan to let bankruptcy judges modify mortgages

The Mortgage Bankers Assn. says the measure would raise interest rates, but critics contend this claim is based on faulty data

A congressional proposal to help struggling homeowners stave off foreclosure by permitting bankruptcy judges to modify mortgages is losing momentum and may not be voted on this year thanks to efforts by critics who claim it would do more harm than good.

MAKING SENSE OF THE STORY FOR CONSUMERS

The Mortgage Bankers Association, which opposes the legislation, says the proposed measure would increase the cost of all new mortgages by 2 percent, raising the monthly payment on a $300,000, 30-year, fixed-rate mortgage by $402 or about $5,000 a year if interest rates increased from 6 percent to 8 percent.

However, a study by a pair of Georgetown and Columbia University professors claims there is no reason to believe the legislative proposal would cause lenders to significantly increase mortgage rates. That's because the proposal would only apply to subprime and other mortgages originated after Jan. 1, 2000.

The current proposal would allow bankruptcy judges to modify a mortgage when the appraised value has fallen below the loan balance. The additional principal owed would be reclassified as unsecured debt and the loan terms modified to give a homeowner a greater likelihood of repaying their debt. At the same time, the modification must allow the bank to receive the entire value of the remaining loan over time.

Currently, judges can modify loans secured by almost any type of personal property other than a residence. Proponents say the measure before Congress would increase the potential that mortgage loan servicers, who have been hesitant to voluntarily modify loans from their borrowers, would be more likely to agree to do so.

To read the full story, please click here:

http://www.latimes.com/business/la-fi-bankrupt22apr22,1,4749705.story

In Other News...

BusinessWeek

It's Spring. Ready to buy a home yet?

Spring has always been busy for real estate. Even though buyers and sellers remain cautious, now could be a good time to make a move
To read the full story, please click here:
http://www.businessweek.com/lifestyle/content/apr2008/bw20080417_795645.htm?chan=autos_real+estate+--+lifestyle+subindex+page_real+estate+news

The New York Times

Piling on: Borrowers buried by fees

To read the full story, please click here:

http://www.nytimes.com/2008/04/20/business/20gret.html_r=1&scp=2&sq=morgenson&st=nyt&oref=slogin

The Modesto Bee

A good time to buy

To read the full story, please click here:

http://www.modbee.com/business/story/274742.html

San Francisco Chronicle

Rossmoor is where older homeowners thrive

To read the full story, please click here:

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/20/RE34105UEN.DTL

San Diego Union-Tribune

Silver lining in the midst of more bad housing news

To read the full story, please click here:

SignOnSanDiego.com > News > Business > Dean Calbreath -- Silver lining in the midst of more bad housing news



Here's what to tell consumers

In case you've been wondering why high-end real estate markets continue to perform relatively well: One out of every 10,000 American families has an annual income greater than $10.7 million, according to two university professors who study the super-rich. By their tally, there are some 15,000 Americans who fit into that category. These individuals also are getting an increasing share of the economic bounty: In 2006, the super-rich possessed 3.89 percent of total income, up from .87 percent in 1980 and the highest level since 1916.

Strong employment and wage growth are two factors that have helped the San Francisco Bay Area stave off the kind of home sales and price declines experienced in the inland regions of California. For example, Santa Clara County residents earn nearly double the nation's average weekly wage and surpassed Manhattan as the county whose residents take home the largest paycheck, according to the U.S. Bureau of Labor Statistics. Santa Clarans take home an average of $1,585 per week, slightly more than Manhattanites, who earn an average of $1,544 a week. San Mateo County ranks fifth in the nation at $1,322, while San Francisco is eighth at $1,286. Nationally, the average is $818. San Francisco ranked tenth in new-job generation, adding 18,000 jobs for the twelve months ending Sept. 30, 2007.

Despite the above, some worry that California's technology sector may be in for another "dot bomb." But experts say technology and Internet companies are better prepared to weather the storm this time around. Their reasoning? Many Web 2.0 companies learned a lesson from their free-spending predecessors and have discovered ways to operate with fewer employees and at lower costs. That appeals to venture capitalists, who have tightened their criteria but continue to seek companies with strong revenue models.

0 Comments
Blog_tag

Desert Restaurant Review

04-27-08
Sue Margiotta
The Desert Sun - Best of the Desert

Best Bagels

Benny's BagelsWINNER: BENNY'S BAGELS COFFEEHOUSE

Two locations valleywide: 72-785 Highway 111, Palm Desert, 568-4990; 50-620 Eisenhower Drive, Suite 105, La Quinta, 777-9102
Imaginative, always fresh bagels have made Benny's a valley favorite for years.

Finalists
Cosi, 46-660 Washington St., La Quinta, 771-5747
New York Bagel & Deli, 73-845 Highway 111, Palm Desert, 340-9930

Best Brunch

Las Casuelas Nuevas

WINNER: LAS CASUELAS NUEVAS
70-050 Highway 111, Rancho Mirage, 328-8844

The Mexican standards are reliable, the prices are affordable and the atmosphere is relaxed, which add up to three good reasons why Las Casuelas Nuevas is such a bustling place and why there seems to be a party going on in every corner.

Finalists
Lakeview at Desert Springs JW Marriott Resort and Spa, 74-855 Country Club Drive, Palm Desert, 341-2211

Potrero Canyon Buffet at Morongo Casino, 49-500 Seminole Drive, Cabazon, 800-252-4499

Best Coffee

Starbucks

WINNER: STARBUCKS
23 locations valleywide
Maybe the recent nationwide emergency training of Starbucks staff did the trick, or maybe desert residents didn't believe the chain had lost its touch. One thing is certain: Starbucks remains the rendezvous of choice across the valley.

Finalists

Koffi, 515 N. Palm Canyon Drive, Palm Springs, 416-2244
Old Town Coffee Company, 78-100 Main St., La Quinta, 564-5233

Best BakeryAspen Mills

WINNER: ASPEN MILLS BREAD CO.
555 S. Sunrise Way, Palm Springs, 323-3123

A wide range of breads, from sweet to spicy, are baked every day at Aspen Mills, as well as scones and muffins. The sandwiches please the lunch crowd.
Finalists
Jensen's Finest Foods, five locations valleywide
Cosi, 46-660 Washington St., La Quinta, 771-5747

Best Burger

Tyler's Burgers

WINNER: TYLER'S BURGERS
149 S. Indian Canyon Drive, Palm Springs, 325-2990
Great fries and consistently tasty burgers have made this landmark cafe a destination for both locals and tourists.

Finalists
In-N-Out Burger, two locations valleywide
Grill-A-Burger, two locations valleywide

Best Continental Restaurant

Kaiser Grill

WINNER: KAISER GRILLE
205 S. Palm Canyon Drive, Palm Springs, 323-1003

Kaiser Morcus and his son Lee have built a desert empire of accessible eating places. The Kaiser Grille offers pizzas, good burgers and steaks, great salads, and some more eclectic and adventurous dishes. The patio of the Palm Springs restaurant, in the heart of downtown, is a great place to people watch.
Finalists
Cork Tree Restaurant, 74-950 Country Club Drive, Palm Desert, 779-0123

Bing Crosby's 71-743-A Highway 111, Rancho Mirage, 674-5764

Best Thai Restaurant

Thai Smile

WINNER: THAI SMILE

Three locations valleywide: 42-476 Bob Hope Drive, Rancho Mirage, 341-6565; 651 N. Palm Canyon Drive, Palm Springs, 320-5503; Highway 111, La Quinta, 777-9901

Family owned and operated, the Thai Smile chain is especially valued for its soups, vegetarian dishes and custom orders. The Tom yum gai is a particular crowd pleaser.

Finalists
Bangkok Five Thai Cuisine, 70-026 Highway 111, Rancho Mirage, 770-9508

Pepper's Thai Cuisine, 396 N. Palm Canyon Drive, Palm Springs, 322-1259

Best Sushi

Okura Robata Grill

WINNER: OKURA ROBATA GRILL & SUSHI BAR

Two locations valleywide: Point Happy Plaza, 78-370 Highway 111, La Quinta, 564-5820; 105 S. Palm Canyon Drive, Palm Springs, 327-1333

With some of the most elegant and creative sushi found in the desert, Okura has made a great success in La Quinta and Palm Springs.

Finalists

Hibachi Japanese Steak House & Sushi Bar, 71680 Highway 111, Rancho Mirage, 674-0078

No Da Te at Azur, 49499 Eisenhower Drive, La Quinta, 564-7600

Best Frozen Yogurt

The Yogurt Cafe

WINNER: GOLDEN SPOON

Two locations valleywide: 78-742 Highway 111, La Quinta, 564-7549; 40-101 Monterey Ave., Rancho Mirage, 340-0402

The Golden Spoon practically created soft serve back in 1982. Since then, it has sprouted more than 85 franchises.

Finalists

The Yogurt Cafe, 72-795 Highway 111, Palm Desert, 674-0416

Cactusberry, 116 La Plaza St., Palm Springs, 325-3228

Best Barbeque PlaceBabe's

WINNER: BABE'S BAR B QUE GRILL & BREWHOUSE

71-800 Highway 111, Rancho Mirage, 346-8738
The combination of funny, deliberately kitschy décor, micro-brewed ales, take-no-prisoners cocktails, hickory smoked meats and chicken, and delicious sweet potato fries makes this the barbecue place guys can take their dates or just go stag.

Finalists
Tootie's Texas Barbeque, 68-703 Perez Rd., Suite A1, Cathedral City, 202-6963
Tony Roma's Famous For Ribs, 73-155 Highway 111, Palm Desert, 568-9911

Best Chinese Restaurant

PF Changs

WINNER: PF CHANG'S CHINA BISTRO

71-800 Highway 111, Rancho Mirage, 776-4912
This highly successful national chain has designed a menu that pleases; its Americanized Chinese dishes provide something for everyone and the friendly service adds to the party atmosphere.

Finalists

Wang's in the Desert, 424 S. Indian Canyon Way, Palm Springs, 325-9264

Canton Bistro, 79-405 Highway 111, La Quinta, 771-9129

Best Dinner Deal

Hog's Breath Inn

WINNER: HOG'S BREATH INN

78-065 Main St., Suite 200, La Quinta, 564-5556

This La Quinta inn has an irresistible variety of margaritas, a piano bar, a fireplace, a balcony view of Old Town and many of reminders of its connection to Clint Eastwood, the former owner of the Carmel original. There's also the Dirty Harry Dinner: chopped steak with wild mushroom-Dijon mustard sauce.

Finalists

Sullivan's Steak House, 73-505 El Paseo, Palm Desert, 341-3560

Elephant Bar & Grill, 73-833 Highway 111, Palm Desert, 340-0456

Best French Restaurant

Le Vallauris

WINNER: LE VALLAURIS

385 W. Tahquitz Canyon Way, Palm Springs, 325-5059

This may be the prettiest of all the desert's restaurants, lovely both at lunchtime and at night. Set in the heart of downtown Palm Springs, it has aged gracefully by preparing impeccable French fare subtly modified to give its classics a contemporary flavor.

Finalists

Cuistot Restaurant, 72-595 El Paseo, Palm Desert, 340-1000

Chez Pierre, 44-250 Town Center Way, Palm Desert, 346-1818

Best Fast Food

In and Out Burger

WINNER: IN-N-OUT BURGER

Two locations valleywide: 72265 Varner Road, Thousand Palms; 82-043 Highway 111, Indio

Family owned for more nearly 60 years, this successful chain has had the reputation of being the best in the business, much praised for the freshness of its ingredients and preparation. A majority of desert dwellers agree with that assessment.

Finalists

Del Taco, multiple locations valleywide

Port of Subs, three locations valleywide

Subway, multiple locations valleywide

Best Fish Taco

Fisherman's Market

WINNER: FISHERMAN'S MARKET & GRILL

Four locations valleywide: 325 S. Indian Canyon, Palm Springs, 327-1766; 44-250 Towne Center Way, Palm Desert, 776-6533; 78-575 Highway 111, La Quinta, 777-1601; 233 S. Indian Canyon Drive, Palm Springs, 327-1766

The fish taco at Fisherman's Market satisfies a multitude of cravings: it's fresh, it's easy to eat, it's well priced and it's tasty. Fish you can eat with your fingers - can it get any better?

Finalists

Rubio's, two valleywide: La Quinta and Palm Desert

Shanghai Reds, 235 S. Indian Canyon Drive, Palm Springs, 322-9293

Best Hotdogs

Costco

WINNER: COSTCO

Two locations valleywide: 79-795 Highway 111, La Quinta, 775-0370; 72-800 Dinah Shore Drive, Palm Desert. 770-2819

This is where people go for bargains and where even chefs go to pick up emergency supplies. The hot dog stand next to the check-out lines is irresistible when you've finished a round of serious shopping.

Finalists

Deezer Dogs, 317 N. Indian Canyon Drive, Palm Springs, 864-6486

Nathan's Hot Dogs at Morongo Casino, 49-500 Seminole Drive, Cabazon, 800-252-4499

Best Ice Cream

Cold Stone Creamery

WINNER: COLD STONE CREAMERY

Three locations valleywide: 155 S. Palm Canyon Drive, Palm Springs 327-6892; 68-718 E. Palm Canyon Drive, Palm Springs, 321-0158; 78-380 Highway 111, La Quinta, 771-8242

Founded in Tempe, Ariz., in 1988, this ice cream chain has built its reputation on its smoothies, cakes, shakes and the variety of ingredients it adds to its ice cream, made fresh daily.

Finalists

Baskin-Robbins, four locations valleywide

Lappert's Hawaiian Paradise, 130 N. Palm Canyon Drive, Palm Springs, 778-3700

Best Italian Restaurant

WINNER: LE DONNE CUCINA ITALIANA

72-624 El Paseo, Palm Desert. 773-9441

Small, friendly, serving a fairly simple and lovingly prepared menu of Italian classics, Le Donne Cucina has been open for more than 10 years and has been popular for much of that time. Try their veal dishes or their risotto - particularly "ai carciofi" (with artichokes).

Finalists

Mario's Italian Restaurant, six locations valleywide

Castelli's, 73-098 Highway 111, Palm Desert, 773-3365

Best Mexican Restaurant

El Gallito

WINNER: EL GALLITO

68-820 Grove, Cathedral City, 328-7794

A beloved local institution, El Gallito is an emotional landmark as much as a physical one. It keeps its staunch adherents loyal by serving up consistent Mexican home-style cooking.

Finalists

El Mirasol, 140 E. Palm Canyon Drive, Palm Springs, 323-0721

Las Casuelas Terraza, 222 S. Palm Canyon Drive, Palm Springs, 325-2794

Best Steak House

Ruth's Chris

WINNER: RUTH'S CHRIS STEAKHOUSE

74-740 Highway 111, Palm Desert, 779-1998

This New-Orleans-originated chain keeps plenty of its Louisiana influences, including Ruth's family recipe for creamed spinach and the lush bread pudding. But it's the steaks that keep people coming back.

Finalists

Chop House, two locations valleywide

LG's Prime Steakhouse, three locations valleywide

Best Pizza

Matchbox

WINNER: MATCHBOX VINTAGE PIZZA BISTRO

155 S. Palm Canyon Drive, Palm Springs, 778-6000

The crisp, tasty and creative pizzas aren't the only story at this exuberant pizza bistro. Michael Estrada, executive chef of The Falls, also supervises here and he makes sure there are plenty of other choices.

Finalists

Papa Dan's Pizza, two locations valleywide

Haus of Pizza, 72-795 Highway 111, Palm Desert, 340-9040

Best Romantic Dinner

Jillians

WINNER: JILLIAN'S

74-155 El Paseo, Palm Desert, 776-8242

Beautifully designed to take full advantage of its setting, this historic hacienda is upscale and relaxed at the same time, with an eclectic contemporary American menu and romantic dining either in secluded rooms or in the courtyard under the desert sky.

Finalists

Copley's, 621 N. Palm Canyon Drive, Palm Springs, 327-9555

Chop House, 262 S. Palm Canyon Drive, Palm Springs, 320-4500

Best Japanese Restaurant

Kobe

WINNER: KOBE JAPANESE STEAK HOUSE

69-838 Highway 111, Rancho Mirage, 324-1717

The emphasis here is on the beef, prepared with panache and with the sort of simplicity that makes customers feel confident of what they are getting. But don't neglect the sushi bar.

Finalists

Okura Robata Grill & Sushi Bar, two locations valleywide

Mikado Japanese Restaurant, Desert Springs JW Marriott Resort and Spa, 74855 Country Club Drive, Palm Desert, 341-2211


Best Late Night

Yard House

WINNER: YARD HOUSE

71-800 Highway 111, Rancho Mirage, 779-1415

Boisterous, noisy and very, very popular, this chain is best known for its wide range of beers and its juicy burgers. But there's a lot more to offer, including a decent selection of wines. Weekends are even busier.

Finalists

Azul, 369 N. Palm Canyon Drive, Palm Springs, 325-5533

Chop House, 262 S. Palm Canyon Drive, Palm Springs, 320-4500

Best Seafood Restaurant

Fisherman's Market

WINNER: FISHERMAN'S MARKET & GRILL

Four locations valleywide: 325 S. Indian Canyon, Palm Springs 327-1766; 44-250 Towne Center Way, Palm Desert, 776-6533; 78-575 Highway 111, La Quinta, 777-1601; 233 S. Indian Canyon Drive, Palm Springs, 327-1766

The fish is brought direct from the docks in San Pedro and prepared simply with just enough variations to give its loyal customers a sense of choice as well as the satisfaction of getting a bargain.

Finalists

Pacifica Seafood Restaurant, 73-505 El Paseo, Palm Desert, 674-8666

Seagrille, at JW Marriott Desert Springs Resort, Palm Desert, 341-1765

0 Comments
Blog_tag

Palm Desert Demographics

04-27-08
Sue Margiotta

Palm Desert Demographics for 2006/2007, Total Population, Total Housing Units, Median age, Median Monthly Rent, Persons per Household.

Source: Wheeler's Desert Letter, www.coachella-valley.com

Palm Desert Demographics

NEIGHBORHOODS:

Palm Desert North

Brava
Casablanca
Canyon Crest
Chaparral C.C.
Chatham Court
College View Estates
Country Club Villas
Desert Mirage
Dolce
Estates At Desert Sp
Glenwood
Hidden Palms
Hovely Court
Hovely Estate
Hovely Palms
Kaufman/Broad
Lantana
La Placita
La Paloma
Lago De Palmas
Merano
Montecito Homes
Monterey Country Clu
Monterey Meadows
Monterey Sands
Olive Grove
Palm Desert Greens
Palm Desert Mobile E
Palmira
Palm Gate
Palm Gate Homes
Park Palms
Paseo Vista
Pele Place
Petunia
Portola Country Club
Portola Del Sol
Portola Palms
Portola Pointe
Portola Village
Sagewood
Silver Sands R.C.
Sonata 1
Sonata 2
Suncrest Country Clb
Sundance
Terracina
The Boulders at Palm Desert
The Glen
The Grove
The Hovely Collectio
The Villas in Old PS
Valley Palms
Vineyards
Venezia
Villa Portofino
Vista Palm Desert
Waring Court
Wedgewood Glen
Winterhaven
Not in a Development
Palm Desert South
Bighorn Golf Club
Cahuilla Hills
Canyon Cove
Casa Mia
Chukker Inn
Condolane
Corsican Villas
Cypress Estates
Deep Canyon Tennis C
El Paseo Village
El Paseo Villas
Fairview Cottages
Indian Creek Villas
Indian Hills
Indian Springs Mobil
International Lodge
Ironwood Country Clu
Kings Point
Linda Vista Estates
Lupine
Marrakesh Country Cl
Montecito Condos
Monterra
Mountain Shadows
Mountain Villas
Mountainback
Noe Jack
Nueve Grande
Palm Desert Tennis C
Ryway Cottages
Sand & Shadows
Sandpiper Palm Deser
Sandroc
Serenity
Shadow Mtn Fairway C
Shar-Don
Silver Spur Mobile
Silver Spur Ranch
Sommerset So. Palm D
Stone Eagle
Summit
Sun & Stars
The Reserve
Village Greens
Villa Paseo
Vista Paseo
Whispering Sands
Palm Desert East
Avondale Country Clu
Belmonte Estates
Amatista at Capri
Brenna at Capri
Desert Breezes
Desert Falls C.C.
Desert Falls Estates
Desert Falls The Lin
Desert Rose
Emerald Isle
Golden Sun Estates
Indian Ridge
Indian Wells Village
Mountain View Falls
Oasis Country Club
Palm Desert C.C. Vil
Palm Desert Cc Garde
Palm Desert Country
Palm Desert Resort C
Palm Lakes
Palm Valley Country
Primrose
Regency Estates
Regency Palms
River Estates
Royal Palms Condos
Sandcastle Homes
Spanish Walk
Sunterrace
The Lakes Country Cl
Tierra Vista
Tucson
Vista Del Montana
Waring Place
Whitehawk
Woodhaven Country Cl
2 Comments
Blog_tag

The Week's Economic Indicator Calendar

04-27-08
Sue Margiotta

The Week's Economic Indicator Calendar Right-click here to download pictures. To help protect your privacy, Outlook prevented automatic download of this picture from the Internet.

Remember, as a general rule, weaker than expected economic data is good for rates, while positive data causes rates to rise.

Economic Calendar for the Week of April 28 - May 02

Date

ET

Economic Report

For

Estimate

Actual

Prior

Impact

Tue. April 29

10:00

Consumer Confidence

Apr

63.2

64.5

Moderate

Wed. April 30

02:15

FOMC Meeting

HIGH

Wed. April 30

10:30

Crude Inventories

4/26

NA

2421K

Moderate

Wed. April 30

09:45

Chicago PMI

Apr

48.5

48.2

HIGH

Wed. April 30

08:30

Employment Cost Index (ECI)

Q1

0.8%

0.8%

HIGH

Wed. April 30

08:30

GDP Chain Deflator

Q1

2.4%

2.4%

HIGH

Wed. April 30

08:30

Gross Domestic Product (GDP)

Q1

0.4%

0.6%

Moderate

Wed. April 30

08:15

ADP National Employment Report

Apr

-55K

8K

Moderate

Thu. May 01

10:00

ISM Index

Apr

48.0

48.6

HIGH

Thu. May 01

08:30

Personal Consumption Expenditures and Core PCE

YOY

NA

2.0%

HIGH

Thu. May 01

08:30

Personal Consumption Expenditures and Core PCE

Mar

0.1%

0.1%

HIGH

Thu. May 01

08:30

Personal Spending

Mar

0.2%

0.1%

Moderate

Thu. May 01

08:30

Personal Income

Mar

0.4%

0.5%

Moderate

Thu. May 01

08:30

Jobless Claims (Initial)

4/26

NA

342K

Moderate

Fri. May 02

08:30

Average Work Week

Apr

33.7

33.8

HIGH

Fri. May 02

08:30

Hourly Earnings

Apr

0.3%

0.3%

HIGH

Fri. May 02

08:30

Non-farm Payrolls

Apr

-80K

-80K

HIGH

Fri. May 02

08:30

Unemployment Rate

Apr

5.2%

5.1%

HIGH

0 Comments
Blog_tag

Chamber Event - Desert Hot Springs Now!

04-24-08
Sue Margiotta

Event to promote Desert Hot Springs to developers and the future outlook for DHS

DHS, it's about time!

8:00 - 8:30 Check-in & Continental Breakfast
8:30 - 9:30 Panel #1: City of Desert Hot Springs - Insiders look at the Present & Future
9:30 - 10:30 Panel #2: Community Business Leaders - Outsiders look to the Future
$10 - Please R.S.V.P. - 760-329-6403 (Limited to the first 150)
Lunch 11:30 am to 1:00 pm
Guest Speakers presented by The Desert Sun
Jim Ferguson - Chairman, Coachella Valley Economic Partnership
Marketing the Coachella Valley & Desert Hot Springs
Dr. John Husing - Economist
Why Desert Hot Springs is on track for the largest
economic gain in the Coachella Valley
Business Expo
Local Businesses ~ Business Organizations
Investors ~ Government

To reserve a booth contact the Chamber: (760) 329-6403
0 Comments