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Case-Shiller: National House Price Index increased 3.2% year-over-year in August

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Case-Shiller: National House Price Index increased 3.2% year-over-year in August

S&P/Case-Shiller released the monthly Home Price Indices for August (“August” is a 3 month average of June, July and August prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA...
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Schedule for Week of October 27, 2019

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Schedule for Week of October 27, 2019

The key report this week is the October employment report on Friday. Other key indicators include the October ISM manufacturing index, Personal Income and Outlays for September, and Case-Shiller house prices for August. For manufacturing, the Dallas Fed manufacturing survey will be released this week. The FOMC meets this week and is expected to...
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Freddie Mac: Mortgage Serious Delinquency Rate unchanged in September

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Freddie Mac: Mortgage Serious Delinquency Rate unchanged in September

Freddie Mac reported that the Single-Family serious delinquency rate in September was 0.61%, unchanged from 0.61% in August. Freddie’s rate is down from 0.73% in September 2018. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. This matches the last two months as the lowest serious delinquency rate for Freddie Mac since November...
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Wednesday: FHFA House Prices, Architecture Billings Index

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Wednesday: FHFA House Prices, Architecture Billings Index

Wednesday:• At 7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 9:00 AM: FHFA House Price Index for August 2018. This was originally a GSE only repeat sales, however there is also an expanded index. • At During the day: The AIA’s Architecture...
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Sunday Night Futures

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Sunday Night Futures

Weekend:• Schedule for Week of October 20, 2019 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures: S&P 500 are up 9 and DOW futures are up 78 (fair value). Oil prices were down over the last week with WTI futures at .60 per barrel and Brent at .14 barrel. ...
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Q3 GDP Forecasts: Under 2%

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Q3 GDP Forecasts: Under 2%

From Merrill Lynch: Weak inventories data edged down 3Q GDP tracking by a tenth to 1.5% qoq saar. emphasis added From the NY Fed Nowcasting Report The New York Fed Staff Nowcast stands at 1.9% for 2019:Q3 and 1.1% for 2019:Q4. And from the Altanta Fed: GDPNow The GDPNow...
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Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg, Industrial Production

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Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg, Industrial Production

Thursday:• At 8:30 AM, Housing Starts for September. The consensus is for 1.300 million SAAR, down from 1.364 million SAAR. • Also at 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 215,000 initial claims, up from 210,000 last week. • Also at 8:30 AM, the Philly Fed...
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Update: Real Estate Agent Boom and Bust

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Update: Real Estate Agent Boom and Bust

Way back in 2005, I posted a graph of the Real Estate Agent Boom. Here is another update to the graph. The graph shows the number of real estate licensees in California. The number of agents peaked at the end of 2007 (housing activity peaked in 2005, and prices in 2006). The number of...
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Schedule for Week of October 13, 2019

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Schedule for Week of October 13, 2019

The key economic reports this week are September Housing Starts and Retail Sales. For manufacturing, September Industrial Production, and the October New York and Philly Fed surveys, will be released this week. —– Monday, Oct 14th —–Columbus Day Holiday: Banks will be closed in observance of Columbus Day. The stock market will be open....
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Houston Real Estate in September: Sales up 9.5% YoY, Inventory Up 7%

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Houston Real Estate in September: Sales up 9.5% YoY, Inventory Up 7%

Another hot regional market in September. From the HAR: The Houston Housing Market Shows no Letup in September Houston home sales registered the seventh positive month of 2019 in September as consumers continued to take advantage of low mortgage interest rates, keeping a market that normally slows down this time of year buzzing. According...
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