Clarksville, TN – The economic data calendar was thin. December trade figures were roughly in line with expectations. The University of Michigan Consumer Sentiment Index fell in the mid-February estimate.
Stock market investors were encouraged by the prospect for tax cuts following comments by U.S. President Donald Trump. In contrast, the bond market, recognizing that the process for cutting taxes will be contentious and lengthy, is less fearful of a large boost to the federal budget deficit (hence, bond yields have backed down over the past month).
Clarksville, TN – The Federal Open Market Committee left short-term interest rates unchanged, as expected, and tweaked the wording of the policy statement slightly. There were no solid clues as to the timing of the next increase in short-term interest rates, but officials noted the improvement in consumer and business sentiment and seemed a little more confident that inflation “will” increase to the 2% goal.
While January numbers are often suspect due to the magnitude of the seasonal adjustment, the economic data continued to paint a picture of the economy that is in good shape.
Clarksville, TN – The Clarksville Association of Realtors® (CAR) reports that 11.9% more homes were sold in December 2016 than in December 2015. In December there were 365 properties sold, while in November 2015, there were 324 properties sold.
For December, the average price of properties currently for sale was $204,650, which is 8.32% greater than the December 2014 average of just over $188,301.
Clarksville, TN – The word “estate” tends to conjure up images of billionaires and aristocrats, but estate planning is not just for the wealthy. It’s widely believed that estate planning in one form or another is needed by everyone, and it doesn’t need to be sophisticated, complex or costly to help fulfill final wishes and protect assets.
Whether you’re a prince or a pauper, refreshing on estate planning basics can help make sure your legacy is left the way you intended.
Clarksville, TN – The economic calendar was relatively thin. Small business optimism rose sharply in December. Growth in retail sales was concentrated in autos and gasoline – mixed and generally flat otherwise (with unusual softness in food) – but it was still a relatively good quarter overall.
Department store sales were weak, but that is a long-term trend (not necessarily a sign of consumer weakness). The PPI was largely in line with expectations, reflecting moderate pipeline inflationary pressures (consistent with further Fed rate hikes in the months ahead).
Hendersonville, TX – F&M Bank has been providing financial services in Hendersonville since 2008. Beginning January 17th, the Middle Tennessee-rooted bank is taking an ambitious step forward in Sumner County by opening a new 10,000 square foot office in the heart of Hendersonville’s Indian Lake commercial district.
The spacious new facility, located at 221 Indian Lake Boulevard, replaces the bank’s former quarters at 100 Bluegrass Commons. The new office will accommodate F&M’s growing banking and mortgage staff and will provide customers with a dedicated mortgage services entrance.
Clarksville, TN – Theannounces upcoming events during the month of January.
On Tuesday, January 17th, the Chamber host its annual Mayors Power Breakfast at the Riverview Inn, 50 College Street at 7:30am.
Start the new year right by reviewing and revamping your financial plan.
Clarksville, TN – Instead of hauling out those familiar New Year’s resolutions about eating less and exercising more, how about focusing on something that’s also very good for you in the long run – and even sooner?
We’re talking about your financial plan – your fiscal health, if you will. The approach of 2017 is a great time to review your plan and make any necessary revisions. With that in mind, here are 12 suggested resolutions that, if followed, can help ensure that your later years will be financially secure.
Clarksville, TN – The Clarksville Association of Realtors® (CAR) Helping Hands Committee and many other REALTORS within the organization adopted 100 Angels for the Salvation Army’s Angel Tree Program.
“There is such a need in our area, and I’m thankful for the chance to help,” said Kathy Knobel, a Clarksville Realtor and 2016 member of CAR’s Helping Hands Committee.
Clarksville, TN – “I saw the bravest man in the world playing the hardest role of his life,” Robin Williams’ widow wrote in October of her husband’s dementia and the months leading up to his death in 2014. When his anxiety, personality changes and memory problems began three years ago, a “foundation of friendship and love was our armor,” Susan Schneider Williams said.
Her story likely strikes a chord among those caring for a loved one with dementia. The Alzheimer’s Association estimates that more than 15 million Americans currently are.