The new housing market has yet to gain much transaction.
There are more new homes started in California this year and
in 2014, more new developments will break ground.
For now, the existing housing market is responsible for the
housing market recovery, and that recovery has recently
weakened. Why? READ MORE

800,000 federal workers went on furlough October 1, 2013,
as a result of the federal government’s inability to adopt a
new fiscal year budget. This is certainly going to produce
a negative impact on the spending habits of these federal
workers, but just how much?

A Forecast of Interest:

The forecast for general economic growth over the next 9
months assumes an acceleration in homebuilding and home
buying. And for the first half of 2013, new housing starts and
new home purchases were steadily rising, consistent with a
recovery gaining momentum.
However, both of these indicators have backed off now,
though existing home sales throughout the U.S. remain
strong.

Read more HERE