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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 for looking at the trend for distressed sales and cash buyers...
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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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Would You Move for $1 Million in New Wealth?

Would You Move for $1 Million in New Wealth?

America is a nation on the move.  The Census Bureau says 35.9 million of us picked-up and went somewhere else in 2013, almost 12% of the entire population. We move because of such things as jobs, climate, family and schools but there’s another reason...
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Weekly Update: Housing Tracker Existing Home Inventory up 13.6% YoY on July 7th

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Weekly Update: Housing Tracker Existing Home Inventory up 13.6% YoY on July 7th

Here is another weekly update on housing inventory … There is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then usually peaking in mid-to-late summer. The Realtor (NAR) data is monthly and released with...
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Unofficial Problem Bank list declines to 465 Institutions

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Unofficial Problem Bank list declines to 465 Institutions

This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for July 3, 2014. Changes and comments from surferdude808: Generally a quiet week for the Unofficial Problem Bank List with three removals but none...
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Trade Deficit decreased in May to $44.4 Billion

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Trade Deficit decreased in May to $44.4 Billion

Catching up … the Department of Commerce reported this morning: otal May exports of 5.5 billion and imports of 9.8 billion resulted in a goods and services deficit of .4 billion, down from .0 billion in April, revised. May exports were .0 billion more than...
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The Slow Down in the House Price Indexes

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The Slow Down in the House Price Indexes

We are finally seeing the slowdown in the year-over-year (YoY) housing price indexes that many of us have been expecting based on supply and demand.  With inventory increasing steadily – and by one measure now above 2012 levels for the same week – the...
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Schedule for Week of June 29th

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Schedule for Week of June 29th

This will be a busy holiday week for economic data with several key reports including the June employment report on Thursday. Other key reports include the ISM manufacturing index on Tuesday, June vehicle sales on Tuesday, and the May Trade Deficit and June ISM...
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Zillow: Case-Shiller House Price Index expected to slow further year-over-year in May

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Zillow: Case-Shiller House Price Index expected to slow further year-over-year in May

The Case-Shiller house price indexes for April were released Tuesday. Zillow has started forecasting Case-Shiller a month early – and I like to check the Zillow forecasts since they have been pretty close.   From Zillow: Case-Shiller Indices Will Continue to Show More Marked Slowdowns he Case-Shiller...
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