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Kansas City Fed: Regional Manufacturing “Activity Edged Higher” in July

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Kansas City Fed: Regional Manufacturing “Activity Edged Higher” in July

From the Kansas City Fed: Growth in Tenth District Manufacturing Activity Edged Higher The Federal Reserve Bank of Kansas City released the July Manufacturing Survey today. According to Chad Wilkerson, vice president and economist at the Federal Reserve Bank of Kansas City, the survey revealed that growth in Tenth District manufacturing activity edged higher,...
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CPI increases 0.3% in June, Core CPI 0.1%

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CPI increases 0.3% in June, Core CPI 0.1%

From the Bureau of Labor Statistics (BLS): Consumer Price Index – June 2014 The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in June on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12...
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Schedule for Week of July 20th

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Schedule for Week of July 20th

The key reports this week are New and Existing home sales for June. For manufacturing, the July Richmond and Kansas City Fed surveys will be released. For prices, CPI will be released on Tuesday. —– Monday, July 21st —–8:30 AM ET: Chicago Fed National...
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DataQuick: “California Foreclosure Starts Lowest Since 2005″

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DataQuick: “California Foreclosure Starts Lowest Since 2005″

From DataQuick: California Foreclosure Starts Lowest Since 2005 A total of 17,524 Notices of Default (NoDs) were recorded at county recorders offices during the April-through-June period. That was down 8.8 percent from 19,215 in the prior quarter, and down 31.9 percent from 25,747 in...
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Wednesday: Yellen, Industrial Production, PPI, Beige Book, Homebuilder Survey

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Wednesday: Yellen, Industrial Production, PPI, Beige Book, Homebuilder Survey

For enjoyment, some thoughts from Paul Krugman on Life Without Cars. I’ve been thinking about “IT-mediated car services” combined with self-driving cars. I agree with Krugman’s points, but what does this mean for real estate and housing? How about no home garages? (I dislike...
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Understanding Your Purchase Appraisal

Understanding Your Purchase Appraisal

Once you have a property under contract and you’ve performed an inspection, it’s time for your loan officer to secure a purchase appraisal. Be aware that an appraisal will almost always render a lower value than you determined in your comparative market analysis, for...
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Sunday Night Futures

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Sunday Night Futures

An update on funding the Highway Trust Fund from the WSJ: Officials From Both Parties Call for Congress to Consider Raising Gas Tax to Ensure More Stable Revenue for Roads Some governors at their summer meeting here, both Democrats and Republicans, said Congress should...
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Lawler: Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in June

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Lawler: Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in June

Economist Tom Lawler sent me the preliminary table below of short sales, foreclosures and cash buyers for several selected cities in June. Comments from CR: Tom Lawler has been sending me this table every month for several years. I think it is very useful...
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Thursday: Unemployment Claims

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Thursday: Unemployment Claims

Here is an updated housing and mortgage forecast from Goldman Sachs economist Hui Shan: Housing at half time: activity picks up while prices slow down There are clear signs of house price growth deceleration. Across various indices, year over year appreciation rate has declined...
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