The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications for the week ending December 19 soared 48% from the previous week. Purchase volume increased 11%, while refinancing applications jumped 63%. Total applications and refinance activity were at their highest levels since July 2003.

On Tuesday, December 23, the Commerce Department reported that the gross domestic product, the broadest measure of economic health, declined at an annual rate of 0.5% in the July-September quarter. It was also reported that corporate profits fell 1.2% in the third quarter.

The Reuters/University of Michigan consumer sentiment index rebounded this month from the lowest level in 28 years. The index rose in December to 60.1 from 55.3 in November. Economists had forecast a reading of 58.8. The increase was attributed to easing inflationary pressures and a decline in gasoline prices. According to AAA, the price of a gallon of regular unleaded gasoline at the pump was $1.65 on December 23, compared with a record high $4.11 on July 17.

The median sales price of an existing home fell 13.2% in November to $181,300, from $208,000 a year ago. It was the biggest year-over-year drop since recordkeeping began in 1968, said the National Association of Realtors. The median price for a new home sold in November declined 11.5% from a year earlier to $220,400.

New home sales dropped 2.9% in November to an annual sales rate of 407,000 units, according to a report by the Commerce Department. The rate was the lowest since January 1991.

The National Association of Realtors reported existing home sales fell 8.6% in November to an annualized rate of 4.49 million units. Economists had expected an annualized rate of 4.93 million.

Meanwhile, the Commerce Department reported that orders for durable goods dropped by 1%, less than the 3% decrease economists had expected.

Upcoming on the economic calendar is a report on consumer confidence on December 30.

I can’t seem to find much good news out there lately… but what they aren’t reporting is the success that small home business owners are having, especially those that help others improve their situations and lifes.

Those of us that do already have our own real successful home based businesses aren’t worried and are actually doing better in this downturned economy.  See how you can join us and get started for FREE at:

www.SpidersMarketingWeb.com

Wes

Last Week in the News
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On Monday, November 24, the National Association of Realtors said existing home sales declined 3.1% to a seasonally adjusted annual rate of 4.98 million units in October from a downwardly revised pace of 5.14 million in September.

On Tuesday, the Standard & Poor’s/Case-Shiller home price index showed that home prices declined a record 16.6% during the third quarter from the same period a year ago. That eclipsed the previous record of 15.1%, set during the second quarter.

In an effort to loosen credit and get more loans flowing, the Federal Reserve rolled out two new programs that would provide up to $800 billion. The allocated funds will be broken out as follows: $200 billion to buy credit card loans, auto loans, student loans and loans to small businesses; $500 billion to buy mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac; and another $100 billion to directly purchase mortgages held by Fannie, Freddie and the Federal Home Loan Banks.

The Commerce Department reported Wednesday that new home sales fell 5.3% in October to a seasonally adjusted annual rate of 433,000, the lowest level since January 1991. The drop was larger than had been expected. In September, new home sales gained 0.7%.

Also on Wednesday, the Commerce Department reported that consumer spending fell by 1% in October, after declining 0.3% in September. It was the biggest decline since September 2001.

Orders for durable goods decreased 6.2% to $193 billion in October, more than double the decline economists expected. It was the biggest decrease since October 2006, when orders fell 8.3%. Orders for durable goods have now fallen for three straight months.

Upcoming on the economic calendar are reports on construction spending on December 1 and factory orders on December 4.

 
Visit my website for valuable information on how you can beat inflation:
 www.SpidersMarketingWeb.com

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Starting a Small Home Base Internet Information or Network Marketing Business Opportunity… or Getting Out of Unemployment and Poverty

Try to advertise a single job vacancy in any field and just watch what happens.

Countless individuals will respond to your call, flood your inbox and phone with relentless calls asking for the details and all of them will be trying to convince you to give them the opportunity of an application and/or interview.

But then, you already knew the outcome of this scenario… Didn’t you?

On any given day, hundreds and sometimes even thousands of individuals will compete for this single job vacancy. One will go home with a big smile on their face, while the rest will go home with more stress, sadness and regret.  All because they again did not make it to the top of the list. That is just the reality in the world of working for someone else and each of us needs to realize this is never going to change.

While this “rat race” (as it’s appropriately called) is going on, there are other companies that are laying off employees due to “streamlining” or “belt tightning” of their business operations.  They are effectively serving the interest of their immediate clients and themselves. There are also employees who found themselves unhappy with their present employment situation who resign and try to find other jobs that will better suit their specific needs. Unfortunately, these individuals are now among the millions around the world who are currently unemployed.

On the other hand, there are individuals who are just determined to earn not just enough to get by, but to strike it rich by taking the risk of starting their own small home based business.

They get out of the pressure of working in a stressful cutthroat environment and enjoy the flexibility of designing their their own working hours. Although there are home base entrepreneurs who fail in their business venture, most individuals who start a small home base business don’t give up and continue working on their goals and in time, most end up generating substantial personal income.  These successful individuals know that they do not need a regular job in a factory or office to be secure and happy.

How good does it really feel to start your own small home base business opportunity? According to the U.S. Small Business Administration… there are more than just a few benefits of starting your own small home base business.

• Above all, you will be your own boss! With this alone, you not only have the power and the freedom to employ strategies that will bring you success, but you control how fast and how big your business becomes.

• The hard work and long hours that you invest in your small home base business will benefit you directly instead of exerting your efforts for the good of someone else’s business and profits.

• Your earnings as well as your growth potential is much greater when you own the business.

• Although it comes with several risks to your investments of time and money, your new home based business venture will, from the very start, lead to endless personal satisfaction and learning opportunities.

The world of self-investment, investing in your own personal education and growth, has became more popular in the last few years with the integration of technology, particularly the information services and the Internet. As a matter of documented fact, small home base Internet marketing opportunities are increasing at lightspeed as the current employment trend drastically changes with the downturned economic trends.  Simply put, more individuals then ever before are realizing that true opportunity is now within their reach.

Earning through the Internet (online) is considered to now be a legitimate way of generating large sales and expanding the clientele base of almost any business venture to global reach in size. Subsequently, the continuous growth of the Internet as well as the business opportunities that come with it offer an alternative to individuals who found themselves in between unemployment and poverty.

Small home base Internet marketing, as well as “Network Marketing” business has opened new doors of opportunity for individuals who thought that staring a home business was impossible without a large starting capital or group of investors. In fact, operating an Internet marketing business gives anyone the opportunity of working anytime and from just about anywhere—as long as there is the presence of Internet connectivity.

What’s more… you can start on a shoestring budget!

There is a wide array of Internet information and network marketing business opportunities that you can adopt for your small home base business venture. Affiliate businesses, private label rights, membership sites, online advertising opportunities, and other ventures—you just name it, the Internet has probably got it.

Such online business opportunities require simple, easy to learn, specific knowledge, skills, and expertise. Thus, you will easily be able to determine whether an Internet information or network marketing opportunity will work for you, personally, or not.

In this new automated world, whether you want to start part-time or instantly become a full-time home based Internet marketing business entrepreneur, it will immediately begin to instill the true feelings of freedom as you work within your own time schedule, work from where ever you are at the time, and become the big boss.

Through this new simple to learn business opportunity, you can get out from under foot of the the world that once gave you headaches and the stress of unemployment.

Wes Waddell

www.SpidersMarketingWeb.com
www.Referals.ws