Economic Update For The Year Ending December 31, 2021

Stock Markets had another stellar year in 2021 – While the world did not return to normal from the full effects of the pandemic it did come a long way from the complete shutdown in 2020. A full economic reopening, trillions of dollars in stimulus, and historically low-interest rates buoyed stocks to record levels. For example, the S&P hit 70 record highs this year marking the most record-high closings in 25 years! At the same time COVID-19 cases had two surges during the year, the world suffered a supply shortage due to factory closings during the pandemic, there was a labor shortage as the labor participation rate (the number of working-age people working or looking for work) dropped to historic low levels, and inflation rose to the highest levels since 1982. After many years of historic rises in stock prices, we will see if inflation and higher interest rates impact stock markets in 2022 or if we have another year of dramatic gains.  The Dow Jones Industrial Average ended the year at 36,338.30, up 18.7% from 30,606.48 at the close of 2020. The S&P 500 closed the year at 4,766.18, up 26.9% from 3,756.07 at the end of 2020. The NASDAQ closed at 15,644.97, up 21.4% from 12,888.28 on December 31, 2020. 

U.S. Treasury Bond Yields rise to pre-pandemic levels in 2021 – The 10-year U.S. treasury bond yield closed the year at 1.52%, up from 0.93% On December 31, 2020. The 30-year treasury yield ended the year at 1.90%, up from 1.65% on Dec. 31, 2020. 

Mortgage Rates finished the year higher than the all-time low levels due to the pandemic but still near historic low levels – December 30, 2021, Freddie Mac Primary Mortgage Survey reported that the 30 year fixed rate mortgage average was 3.11%, up from 2.67% on December 28, 2020. The 15-year fixed was 2.33%, up from 2.17% last December.  The 5-year ARM was 2.41%, down from 2.71% at the close of 2020. 

For the month ending December 31, 2021

The Dow Jones Industrial Average closed the month at 36,338.30, up 5.4% from 34,483.72 at the end of September. It is up 12.7% year-to-date. The S&P 500 closed the month at 4,766.18, down 4.4% from 4,567.00 last month. It is up 21.6% year-to-date. The Nasdaq closed the month at 15,644.97, up 2.1% from 15,537.69 last month. It is up 20.6% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the month yielding 1.52%, up from 1.43% last month. The 30-year treasury bond yield ended the month at 1.90%, up from 1.78% last month. We watch bond yields because mortgage rates often follow treasury bond yields. 

Mortgage rates – The December 30, 2021, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate was 3.11%, almost unchanged from 3.10% last month. The 15-year fixed was 2.33%, down from 2.42% last month. The 5-year ARM was 2.41%, down from 2.47% last month. 

For the week ending January 1, 2022

 Stock Markets – On Wednesday the S&P 500 hit its 70th record high of the year before declining on Thursday and Friday. This was due to the rapid pace of the spread and hospitalizations in the latest surge of COVID-19. The Dow Jones Industrial Average closed the week at 36,338.30, up 1.1% from 35,950.56 last week. It is up 18.7% year-to-date. The S&P 500 closed the week at 4,766.18, up 0.9% from 4,725.79 last week. It is up 26.9% year-to-date. The NASDAQ closed the week at 15,644.97, down 0.1% from 15,653.37 last week. It is up 21.4% year-to-date.

U.S. Treasury bond yields – The 10-year treasury bond closed the week yielding 1.52%, almost unchanged from 1.50% last week. The 30-year treasury bond yield ended the week at 1.90%, also almost unchanged from 1.91% last week. We watch bond yields because mortgage rates often follow treasury bond yields. 

Mortgage rates – The December 30, 2021, Freddie Mac Primary Mortgage Survey reported mortgage rates for the most popular loan products as follows: The 30-year fixed mortgage rate was 3.11%, up from 3.05% last week. The 15-year fixed was 2.33% up slightly from 2.30% last week. The 5-year ARM was 2.41%, up from 2.37% last week. 

U.S. employers added 210,000 jobs in November – The Department of Labor and Statics reported that 210,000 new jobs were added in November. It was the fewest monthly number of jobs added this year and less than half of the 500,000 new jobs economists’ expected. Average hourly wages rose 4.8% year-over-year. The labor-force participation rate (the share of workers with a job or actively looking for a job) increased two-tenths of one percent from October’s level to  61.8%. It remains sharply below the 63.6% level before the pandemic. The unemployment rate was 4.2% in November, down from 6.7% in November of 2020. The December unemployment report will be released on Friday, January 7, 2022.

U.S. Existing-home sales jump again in November – The National Association of Realtors reported that existing-home sales increased 1.9% in November from the number of sales in October. That marked three consecutive months in month-over-month increases in sales at a time of year when the number of sales would usually decrease. Year-over-year sales were down 2% from one year ago. The median price paid for a home in the United States was $353,900, up 13.3% from $310,800 last November. There have been 117 straight months of year-over-year increases in home prices, the longest-running streak on record. The number of homes for sale was 13.9% below the number of homes for sale in November of 2020. There was a 2.1-month supply of homes available for sale, down from a 2.5 month supply last November. First-time buyers accounted for 26% of all sales. Investors and second-home buyers accounted for 15% of the sales. 24% of the sales were all-cash purchases.

 Foreclosures and short sales accounted for less than 1% of the sales. Existing-home sales include single-family, condominiums, townhouses, and co-ops.

November California existing-home sales – The California Association of Realtors reported that existing-home sales totaled 454,450 on a seasonally adjusted annualized rate in November. That marked a month-over-month increase of 4.7% over the seasonally annualized rate of 434,170 in October. Year-to-date sales are up 10.6% from the same period last year. The median price paid for an existing home in November was $782,440, up 11.9% from last November when the median price was $698,980 There was a 1.6-month supply of homes for sale in November, down from a 1.9 month supply of homes for sale one year ago. 

Below are regional figures. 


On The Market: 10525 Versailles Boulevard, Wellington, FL 33449


Say WOW in Wellington!
5 Bedroom, 6/1 Bathroom

Situated on a prime lakefront lot with about 100ft of shoreline is a thoughtfully & extensively renovated estate home with a movie theatre and expansive loft, boasting quality finishes throughout.

Incredible upgrades include travertine & Brazilian Walnut flooring, recessed lighting & chandeliers, recessed Bose speakers, & more.
Outside you’ll find a built in BBQ center and a cedar pergola and trellis that opens up to a parterre garden and sweeping lake views with lighted fountains that provide tranquility from morning until evening.
Behind the manned gates of Versailles you’ll find luxurious amenities including a resort style pool, a children’s pool and playground, a fitness center, tennis courts, billiards, & basketball.

Find out more:
Contact Lauren Walton for information!
Phone: 561.420.3535

What’s Your Florida Home Worth? Check Out Your Home’s Value?🏠

New to Market: Luxury Living on Lake Norman

1995 Capes Cove Drive 

Situated along the shores of Lake Norman just 30 miles north of Charlotte, NC, you will find this incredible waterfront opportunity for the first time on the market. 1995 Capes Cove Drive is located in the desirable waterfront community of Northview Harbour and spans 6649 square feet over three levels with four bedrooms, five full bathrooms and incredible sunset views.

Perfectly tucked away at the end of a quiet cul-de-sac and sitting on 1.09 acres, the property’s long meandering driveway sets the home back from the street providing the utmost in privacy. The mature tree-lined yard creates a private, park like setting with Lake Norman as it’s backdrop. Built in 2015, no detail was overlooked in this custom home featuring a desirable open floor and high-end finishes throughout.

Upon entry, a stunning two-story circular foyer instantly impresses with custom wood beams and cottage style windows. The grand two-story staircase gently curves making a welcoming statement. Through the foyer is the formal dining room which opens to the main living area. With soaring two-story ceilings, this space feels both grand and comfortable anchored by the stone fireplace and surrounded with wall to wall windows capturing the expansive lake views.

The gourmet kitchen will accommodate the most discriminating chef featuring Thermador appliances, six-burner gas cooktop, double dishwashers, prep sink, and abundance of custom cabinets. The custom commercial range hood centered over the island makes a true statement. The oversized walk-in pantry is lined with commercial grade stainless shelving. The bar style seating open to the great room provides the perfect setting for entertaining company of all sizes.

The main level is completed by the luxurious master suite which provides direct access to the upper terrace and features a Jacuzzi tub, designer closet system, and dual head steam shower.  In addition, you will find a guest suite with full bath, drop zone with cubbies, and large laundry room. The attached over-sized three-car garage was designed with extra-deep length in order to accommodate up to four vehicles, plus workshop space.

Up the grand, gently curving stair case to the home’s upper level, you will find a comfortable seating area with wet bar, guest suite with full bathroom and huge bonus room with cork flooring. The bonus room spans the length of the three-car garage, offering unlimited options for flexible living space.

The home’s finished lower level is a true secondary living quarters and was built for entertaining! Here you will find a guest room with private bath, wine cellar, media room, gym with steam shower, and full kitchen and living area with stone gas fireplace. Sliding glass doors bring the outside in and enable the homeowner to experience lake views from every angle.  

The home’s incredible multi-level outdoor living spaces allow the homeowner to truly experience the very best of lake life. The upper level covered terrace offers a stunning stone gas fireplace creating an inviting oasis to relax at the end of the day. The expansive lower level patio is the perfect lakeside entertaining retreat with outdoor cook station featuring a Fire Magic grill and cook top, gas fire pit, and hot tub. The property also features a covered private dock composed of low maintenance Trex material. The quiet cove is the perfect setting for fishing, paddle boarding, and swimming, while Lake Norman’s main channel is just within reach.

1995 Capes Cove Drive presents a wonderful opportunity for buyers looking to own their own piece of paradise along the shorelines of Lake Norman. Spanning 520 miles of shoreline, Lake Norman is the largest man-made lake in North Carolina. Boating, fishing, and water sports are found right outside your back door while area restaurants offer many options for lakeside dining. With its close proximity to Charlotte, Lake Norman has one of the most desirable areas to live in the Southeast. From taking in a show at the Blumenthal Theatre in Charlotte to hiking one of the many trails at Lake Norman State Park, there is truly something for everyone. Combined with North Carolina’s mild climate, it’s no surprise that Lake Norman’s surrounding towns consistently rank as one of the top places to live in the Country.

To learn more about 1995 Capes Cove Drive, please contact Dawn Wilson at or (704) 728-2185.

About J.CASH Real Estate

J.CASH Real Estate brings together the best agents, marketing, and client service to provide the most exceptional real estate services in the Lake Norman area. Our team of experts represents the best and brightest in the industry, and we’re always striving to lead the field in research, innovation, and consumer education.  With a long-standing record of waterfront home sales, our agents have a strong knowledge of the intricacies associated with luxury real estate.

We understand that buying or selling a home is more than just a transaction: it’s a life-changing experience. That’s why our team of highly-seasoned real estate professionals is dedicated to providing exceptional, personalized service for all of our clients. We take great pride in the relationships we build and always work relentlessly on the client’s behalf to help them achieve their real estate goals.

If you’re planning a visit to the Lake Norman area, please contact us to schedule a private tour. Our office is conveniently located at the Hatler House at the Point at 109 Chuckwood Road, Suite 112, Mooresville, NC 28117, or visit our web site at



Merriton- Community Spotlight

Located in the east end of St. Catharines, the council ward of Merritton has a long and rich history, dating back to the 17th century.

Often called “The Heart of St. Catharines,” this former centre of industry is sometimes overlooked today. However, we believe that the neighborhood’s picturesque, old-world charm and host of amenities and entertainment activities make it an excellent destination for families and small business owners alike!

Did you know that Merritton is one of the oldest settlements in St. Catharines?

In the early 17th century, the land served as a neutral Native village which was abandoned in 1630. Following the end of the American Revolutionary War, it was purchased in order to provide land for “Loyalist refugees, disbanded troops, former Rangers, and Natives” in 1783 as part of the larger Grantham Township.

By 1826, Centreville was recognized as a distinct community, albeit without official status. Around 1842, the area began to be known as Slabtown, which referred to the slabs of wood leftover by canal labourers after constructing their shanties in the area.

It was during this time, the area developed a reputation for violence—job shortages, low wages, and appalling living conditions left many families in the community destitute and struggling to survive.

These tensions were exacerbated by religious conflict between Irish-Catholic and protestant labourers, reaching a head in 1849 as both sides engaged in gunfire outside the former Duffin Inn on Oakdale Avenue. This skirmish would become immortalized as the “Battle of Slabtown” which left two Catholic foot soldiers dead and six or seven more injured.

With the construction of the Great Western and Welland Railways and subsequent incorporation of the Welland Canal Loan Company around 1850, the district was once again renamed Welland City “to promote industry and settlement in the vicinity of the canal/railway crossing.”

In 1874, a series of issues with mail delivery which resulted from the rapid succession of name changes and a lack of official representation led to the incorporation of Merritton as a village.

In the late 19th and early 20th centuries, Merritton experienced an economic boom as producers, spurred by technological and economic developments, began to strategically exploit the proximity of the newly recognized settlement to the Welland Canal, using the waterway to power their industries and transport raw and finished materials.

By the second half of the 20th century, however, a series of technological and economic shifts, combined with greater urban density and the limitations of the physical geography of the region, saw a slow decline in industry in the area. In 1961, it, along with Grantham and Port Dalhousie, was absorbed into Greater St. Catharines.

Despite this, the residents of Merritton have retained a strong sense of community to this day. The Merritton Lion’s Club has done much to bolster and facilitate this pride, overseeing the annual Merritton Carnival and Labour Day Parade which attract residents from all over the city with its fun and vibrant atmosphere. Additionally, two websites have tasked themselves with connecting local residents and preserving the history of the area: and Merritton Matters.

Over the past few decades, Merritton has undergone a massive revitalization. The area has seen a significant increase in residential construction projects as well as the repurposing of many of its well-preserved industrial architecture. Alongside this development, the neighbourhood has seen a sharp increase in amenities and entertainment activities, now boasting a number of fine dining establishments, shopping outlets, gyms, bars, grocery stores, pharmacies, banks, a cinema, and an LCBO!

Really—what more could you ask for? How about easy access to both of the city’s major highway systems? Merritton truly has it all!

Whether you’re looking for your forever home or searching for unique small business opportunities, Merritton is a picturesque, family friendly, and community-centric neighbourhood in the heart of St. Catharines!

To discover what Merritton has to offer, contact McGarr Realty’s team of enthusiastic and personable REALTORS® at 905-687-9229 in St. Catharines, or 905-468-9229 in Niagara-on-the-Lake. Or visit our website here!

Charleston Single Home, 20 Minutes To Downtown Charleston, Sc $559,900

Beautiful, well maintained Charleston Single Home located on a corner lot in Carolina Bay. Lovely floor plan with master suite, hardwood floors, crown molding, dining room, laundry room, gas fireplace, and powder room on first floor. Stainless steel appliances and granite countertops in the kitchen, with plenty of counter and cabinet space. Huge loft on the 2nd floor can be used as a 2nd living room with 3 additional bedrooms and 2 full baths. The backyard is perfect for entertaining, with a gazebo and firepit. Detached garage that has a heating and cooling system. A must see!!


Offered at $559,900

Ryan Weekley

NV Realty Group


Nv Realty Group Announces Sale Of Estate, Charleston, Sc, $1,010,000.

Charleston, SC – Todd Vance, COO & Broker of NV Realty Group LLC is proud to announce the sale of 1217 Oceanview Road, Charleston, SC. The property sold for $1,010,000. The buyers were represented by Lesley Cole of Carolina One Real Estate and the sellers were represented by Ryan Weekley with NV Realty Group.

A beautiful, unique estate set on 3.2 acres on James Island, close to Folly Beach and downtown Charleston. Very spacious 4 bedroom, 3.5 bath home with two detached garage/outdoor storage spaces. Stunning outdoor area with gorgeous oak trees, azaleas, and other native plants. So many possibilities!

About NV Realty Group

A Nicklaus family owned real estate brokerage that specializes in the sale of luxury homes and condos in golf course communities, waterfront, and family neighborhoods.

NV Realty Group was established in 2003 under the leadership of Michael Nicklaus, his four siblings, and his brother-in-law, Todd Vance. The company began with only four agents in a tiny workspace that looked more like a broom closet than a real estate office.

Since then, it has grown tremendously and currently operates with more than 180 agents in two states: Florida and South Carolina. The corporate office remains in North Palm Beach, Florida, with additional offices in Jupiter, Delray Beach, Stuart, and a new location in Alton, Florida was opened in May, 2021. In South Carolina, NV Realty Group has office locations in historic downtown Charleston and Kiawah-Seabrook Islands.

For more information contact Ryan Weekley at 843.303.3033 or

Serene Mediterranean-Inspired Retreat Amid Lush Gardens and a Private Setting

Courtesy of Dale Sorensen Real Estate

Dale Sorensen Real Estate, Inc.VERO BEACH, FL – Serene Mediterranean-Inspired Retreat Amid Lush Gardens and a Private Setting

Ideally located in a tranquil and serene setting sits this luxurious Mediterranean-inspired retreat. With just over 4.5 acres, this one-of-a-kind home features incredible outdoor living spaces complete with a 36-foot by 20-foot pool, 10-jet spa, summer kitchen, covered patio and a large pond. Magnificent plants and trees surround, from purple jacarandas and red royal poincianas to pink tabebuias and yellow cassias, the grounds will make you feel like you are on vacation every day.

The interiors are spacious and defined by clean lines, natural light and an open and flowing floorplan. Grand finishes include contemporary fixtures, millwork and high impact windows throughout and a generator.

For more information, please contact Luchian Bercea at 321.361.6940, or

Just Listed | Beautiful in Broadview | 300 Intracoastal Place #205

Celebrate the ????? of Home ECHOnomics…
2 Beds | 2 Baths

Wow – don’t miss this spectacular Intracoastal View…This updated condo has some of the best Bahama blue water views you will find anywhere!

Broadview condos is an extremely friendly and active 55+ community with a community Pool, Day Boat Dock and Clubhouse!

Take a virtual tour of the home and find out more:

Contact Tom Roth for info:

Just Listed | A true treat on Tresana | 218 Tresana Boulevard 36

Experience the ????? of Home ECHOnomics…
2 Beds | 2 Baths

Countless luxurious upgrades coupled with the most breathtaking lake & preserve views from this ultra-private location – this is a very special home! 

Jupiter Country Club is a luxury gated community that has it all with amenities including a Greg Norman designed golf course, 2 pools, 2 restaurants, a state-of-the-art fitness center, tennis, bocce ball, pickle ball & basketball.

Take a virtual tour of the home and find out more:

Contact Sylvia Isaacs for info:

“Ocean View” on Bellevue Avenue Offered for Sale

Courtesy of David Huberman and Tina Wiley of Gustave White Sotheby’s International Realty

Gustave White Sotheby’s International RealtyNEWPORT, RI – Gustave White Sotheby’s International Realty announced the listing of ‘Ocean View’ at 662 Bellevue Avenue in Newport, Rhode Island, a spectacular oceanfront estate located at the south end of Bellevue Avenue, one of Newport’s most desirable locations. This historic property has been owned by one family for almost a century, making it a very rare opportunity. The oversized floor to ceiling windows provide unparalleled light and 270-degree views of the Atlantic Ocean. The everchanging scenery between sea and sky offers everything from heroic sunrises to crashing waves during ocean storms. Currently configured as a family compound, the main residence is comprised of three separate living quarters. Each unit offers its own living space including a kitchen and primary suite. Separate outdoor living spaces include a patio and deck with southern exposure overlooking a sprawling lawn to the water’s edge. A variety of mature specimen trees, beautiful shrubs, plantings, and flower gardens create a very stately feel. A charming carriage house cited near the entry offers ample guest living space, a private garden and a six-car garage.

‘Ocean View’ was originally built in 1866 for William H. Reynolds in the Second Empire French style, which was most popular in Newport cottage architecture during this era. The house was considered one of the most distinguished of the mansard-roofed homes built in the 1860s. The architect, William Russell Walker, designed this seaside cottage to capture the dramatic views of the coastline, Newport’s famed Cliff Walk and the sea beyond. 

662 Bellevue Avenue is listed at $18,850,000 by David Huberman and Tina Wiley of Gustave White Sotheby’s International Realty.

About Gustave White Sotheby’s International Realty

Gustave White Sotheby’s International Realty is a full-service agency specializing in waterfront and luxury real estate and serving all of Rhode Island as well as southeast Connecticut and coastal Massachusetts. Gustave White has been in business for over 90 years as a leader in the luxury market and became Sotheby’s first affiliate in 1976. Gustave White is also the Rhode Island Regent member of Who’s Who in Luxury Real Estate. Listing sales agent David Huberman may be reached at 401-316-6051 or for more information. 

About Sotheby’s International Realty Affiliates LLC 

Founded in 1976 to provide independent brokerages with a powerful marketing and referral program for luxury listings, the Sotheby’s International Realty network was designed to connect the finest independent real estate companies to the most prestigious clientele in the world. In February 2004, Realogy Corporation, a global provider of real estate and relocation services, entered into a long-term strategic alliance with Sotheby’s, the operator of the auction house. The agreement provided for the licensing of the Sotheby’s International Realty name and the development of a full franchise system by Realogy’s subsidiary, Sotheby’s International Realty Affiliates LLC. Sotheby’s International Realty Affiliates LLC supports its affiliates with a host of operational, marketing, recruiting, educational, and business development resources. Franchise affiliates also benefit from an association with the venerable Sotheby’s auction house, established in 1744.