The month and June quarter ended mixed as markets reacted to the expected quarter point hike by the Federal Reserve. The ninth increase in a year left Wall Street hoping for an easing in the hikes in the future, but there was no nod in that direction. "They are going to keep going," said David Jones, head of DMJ Advisors, an economic consulting firm.
Choosing a deck material used to be a no-brainer. There were few choices available. Now the market is flooded with options, which can make the decision much tougher.
Wall Street ended a sluggish quarter on March 31, 2005, the close of our trading session, sagging on stellar oil prices. Investment firm Goldman Sachs predicted a sharp jump in energy prices, and that negative outlook weighed against higher United States incomes and strong consumer spending. However, the price of crude, ending the quarter at $55.
A National Association of Realtors' (NAR) study of second home purchases recently revealed a wave of new speculators in the real estate market. With investment home sales making up 23% of the real estate market, homebuyers are turning to real estate more and more as a vehicle for financial investment to diversify their portfolios.