19. June 2007 by Ana Connell.

Monday 25

Existing Home Sales-consensus 5.99M The market has low expectation for this number, we’ll see where it comes in.

3 & 6 Month Bill Auction

Tuesday 26

ICSC-USB Store Sales Tracks comparable weekly sales from major retail chains and represents 10% of total retail sales. Is considered to be one of the most timely indicators of consumer spending.

Redbook a timely indicator of consumer spending and also represents about 10% of total retail sales. This measure tracks weekly sales from discounters, chain and department stores.

Consumer Confidence Consensus 105.

New Home Sales Consensus 920,000

4 Week Bill Auction

2 Year Note Auction

Wednesday 27

MBA Purchase Applications measures applications at mortgage lenders. This is considered a leading indicator for single family home sales and housing construction.

Durable Goods Orders Consensus -1.5%

EIA Petroleum Status Report reports on crude oil inventories in the U.S.

FOMC Meeting Begins

5 Year Note Auction

Thursday 28

Corporate Profits

GDP Consensus .8%

Jobless Claims Unemployment claims. Consensus 319K

EIA Natural Gas Report-Tracks natural gas inventories.

3 and 6 month Treasury Bill Announcement Investors use this data to attempt to predict future Federal Reserve policy.

FOMC Annoucement Consensus-5.25%

Farm Prices

Help Wanted Index

Money Supply

Friday 29

Consumer Sentiment Consensus 84

Personal Income and Outlays Consensus .6%

NAPM Chicago Consensus 57.5

Construction Spending Consensus .2%

Another packed week! For those of you who are interested in more information for these reports, please click on that link and it will take you to a more detailed explanation and Bloomberg’s Calendar of Events.

Have a great week!

For your Burbank Real Estate needs please visit my website at anaconnell.com!

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19. June 2007 by Ana Connell.

Recently Los Angeles Councilwoman Wendy Greuel announced the addition of 80 acres to Verdugo Mountain Park.  The park is now 565 acres and the fourth largest in the San Fernando Valley!

In an age where land is at a premium and constantly being developed it is refreshing to see local politicians that are truly interested in preserving our public spaces.  The City of Los Angeles purchased this land from a private owner and the funds came from Proposition 40 which was passed in 2002, Proposition K passed in 1996 and funds from Council District 2, Wendy Greuel’s District funds.

A task force was formed by Councilwoman Greuel to coordinate the maintenance and preservation of the surrounding public open space and they were instrumental in working out an agreement for this purchase of land.

It is inspiring to read about a community coming together for a common goal.  It may take time, years in some instances but building a solid coalition is key to achieving your community’s goals.

My point other than raising awareness about this great achievement is get involved with your community groups if you feel passionate about preserving your quality of life!  Look into your specific area and see if there are neighborhood councils formed or other groups that you can participate in.

For your Burbank Real Estate needs please visit my website at anaconnell.com!

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