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Schedule for Week of September 21st

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Schedule for Week of September 21st

The key reports this week are August New home sales on Wednesday, Existing home sales on Monday, and the third estimate of Q2 GDP on Friday. For manufacturing, the September Richmond and Kansas City Fed surveys will be released this week. —– Monday, September 22nd —–8:30 AM ET: Chicago Fed National Activity Index for...
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A few comments on August Housing Starts

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A few comments on August Housing Starts

This was a disappointing report for housing starts in August. Starts were only up 8.0% year-over-year in August. There were 670 thousand total housing starts during the first eight months of 2014 (not seasonally adjusted, NSA), up 8.6% from the 617 thousand during the...
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Lawler: Early Read on Existing Home Sales in August

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Lawler: Early Read on Existing Home Sales in August

From housing economist Tom Lawler: Based on August realtor association/board/MLS reports released so far, I estimate that existing home sales as measured by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.12 million, down 0.6% from July’s pace and...
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Bloomberg Radio Guest Interview

Bloomberg Radio Guest Interview

Once again, I was honored to be invited back as a guest on the Investing Coast-2-Coast radio show with Pete Asmus and Ivan Oberon. These two guys broadcast a great daily radio show and have a ton of fun doing it.  It is a...
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FOMC Preview: More Tapering

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FOMC Preview: More Tapering

The FOMC will meet on Tuesday and Wednesday. The FOMC statement will be released Wednesday at 2:00 PM ET.  Fed Chair Janet Yellen will hold a press conference at 2:30 PM. What will know for this meeting:• The FOMC will not raise rates. D’oh!...
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Preliminary September Consumer Sentiment increases to 84.6

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Preliminary September Consumer Sentiment increases to 84.6

Click on graph for larger image. The preliminary Reuters / University of Michigan consumer sentiment index for September was at 84.6, up from 82.5 in August. This was above the consensus forecast of 83.1. Sentiment has generally been improving following the recession – with...
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MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey, Refinance Activity Lowest since 2008

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MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey, Refinance Activity Lowest since 2008

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 7.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 5, 2014. This week’s results included...
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5 Reasons Real Estate Is (Once Again) a Prudent Investment

5 Reasons Real Estate Is (Once Again) a Prudent Investment

If you are someone who has given up on the dream of real estate investment, before even giving it a serious look, consider a few trends. Construction is on the rise, foreclosures and repossessions are decreasing.  The U.S. Census Bureau recently reported that new residential sales...
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Sunday Night Futures

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Sunday Night Futures

From Ben Leubsdorf at the WSJ: Services-Spending Report Gains Wider Attention A quarterly reading from the Commerce Department has quietly emerged as one of the most consequential government reports, with the power to roil estimates for U.S. economic growth and the impact of the...
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