Seattle Homes for Sale • May 2, 2014

Catch up with this week’s Markets in a Minute

by Steve Hill and Sandra Brenner

For the Week Ending May 2, 2014

	First quarter GDP numbers showed a stagnant economy. Rates moved lower initially to take back earlier increases.

	The Fed's April meeting brings no surprises or policy changes. Bond market/rate relief was probably more a result of the GDP report, but the Fed news didn't hurt.

	The Fed's comment boosted the stock market's climb to its highest-ever level. While not evident yet, this can incite higher rates.

	Pending home sales rose in March for the first time in nine months.

	The ever important jobs report is released on Friday. Borrowers need steady employment. Improvement here will continue to fuel housing recovery.

	So long hot tubs, hello energy efficient windows and high density insulation. Remodelers report "green" projects are leading the trend.

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