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Friday: GDP, Chicago PMI, Consumer Sentiment

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Friday: GDP, Chicago PMI, Consumer Sentiment

From the Atlanta Fed: The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2014 was 3.5 percent on January 27, unchanged from January 21. From Nomura: Incoming data suggest that the economy grew at a slower pace in Q4 than the strong 5.0% growth in Q3....
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BLS: Forty-two States had Unemployment Rate Decreases in December

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BLS: Forty-two States had Unemployment Rate Decreases in December

From the BLS: Regional and State Employment and Unemployment Summary Regional and state unemployment rates were generally lower in December. Forty-two states and the District of Columbia had unemployment rate decreases from November, four states had increases, and four states had no change, the...
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Wednesday: FOMC Statement

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Wednesday: FOMC Statement

I don’t expect much to change in the FOMC statement. I expect “patient” to remain: “Based on its current assessment, the Committee judges that it can be patient in beginning to normalize the stance of monetary policy.” And this sentence will probably be dropped...
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Can REALTORS Predict The Future?

Can REALTORS Predict The Future?

Yesterday, the National Association of Realtors released it’s monthly survey of REALTOR confidence, which I noticed in this tweet: REALTORS® more optimistic about the outlook for the next 6 months in the latest #RCI: http://t.co/HJWlYHohf0 pic.twitter.com/5sTGYCMEHi — NAR Research (@NAR_Research) January 26, 2015 Realtors...
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US Rents Rising

US Rents Rising

US home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that renters are facing more financial pressure. Prices rose 3.3% in December compared with 1 year ago, according...
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FlipNerd.com Interviews Marco Santarelli  [Video]

FlipNerd.com Interviews Marco Santarelli  [Video]

I was honored to be invited as a guest on the FlipNerd Real Estate Investing podcast show with host Mike Hambright.  (You can listen to the episode below.) Mike has a great podcast with lots of interesting guests, ideas and tips.  I had a...
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LA area Port Traffic in December

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LA area Port Traffic in December

Note: LA area ports were impacted by a trucker strike in November, and there are ongoing labor negotiations (and some slowdown). Container traffic gives us an idea about the volume of goods being exported and imported – and possibly some hints about the trade...
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A Stunning $441 Billion Paid in Rent

A Stunning $441 Billion Paid in Rent

A recently released study revealed that a whopping $441 Billion was spent on rents in the U.S. in 2014.  This represents an increase of over $20 Billion from the year before. As shown on the chart below, rents have increased consistently over the last...
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Schedule for Week of January 18, 2015

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Schedule for Week of January 18, 2015

The key economic reports this week are December housing starts on Wednesday, and existing home sales on Friday. —– Monday, January 19th —–All US markets will be closed in observance of Martin Luther King, Jr. Day —– Tuesday, January 20th —–10:00 AM: The January...
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