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Schedule for Week of July 1, 2018

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Schedule for Week of July 1, 2018

The key report this week is the June employment report on Friday. Other key indicators include the June ISM manufacturing and non-manufacturing indexes, June auto sales, and the May trade deficit. —– Monday, July 2nd —–10:00 AM: ISM Manufacturing Index for June. The consensus is for the ISM to be at 58.3, down from...
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Friday: Personal Income and Outlays, Chicago PMI

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Friday: Personal Income and Outlays, Chicago PMI

Friday:• At 8:30 AM ET, Personal Income and Outlays for May. The consensus is for a 0.4% increase in personal income, and for a 0.4% increase in personal spending. And for the Core PCE price index to increase 0.2%. • At 9:45 AM, Chicago Purchasing Managers Index for June. The consensus is for a...
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Best Passive Income Ideas To Make Money As A Beginner

Best Passive Income Ideas To Make Money As A Beginner

What Is Passive Income Passive income has been loosely defined as money that you earn with the least or zero amount of effort. People often associate passive income with dividends, interest as well as lottery winnings and capital gains from real estate. Passive income or residual income can also be derived from a business where you...
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Freddie Mac: Mortgage Serious Delinquency Rate Decreased in May

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Freddie Mac: Mortgage Serious Delinquency Rate Decreased in May

Freddie Mac reported that the Single-Family serious delinquency rate in May was 0.87%, down from 0.94% in April. Freddie’s rate is unchanged from 0.87% in May 2017. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. These are mortgage loans that are “three monthly payments or more past due or in foreclosure”.  Click...
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Update: For Fun, Stock Market as Barometer of Policy Success

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Update: For Fun, Stock Market as Barometer of Policy Success

By request, here is an update to the chart showing market performance under Presidents Trump and Obama. Note: I don’t think the stock market is a great measure of policy performance, but some people do – and I’m having a little fun with them. There are some observers who think the stock market is...
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Is Buying Real Estate A Good Investment?

Is Buying Real Estate A Good Investment?

Investment Real Estate The definition of real estate investing is that it is the purchase, ownership, management, rental and/or sale of any type of real estate for profit. Investment real estate refers to any property owned solely for the purpose of generating profit, either through rental income or through market value appreciation. A real...
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A Few Comments on May Existing Home Sales

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A Few Comments on May Existing Home Sales

Earlier: NAR: “Existing-Home Sales Backpedal, Decrease 0.4 Percent in May” A few key points: 1) As usual, housing economist Tom Lawler’s forecast was closer to the NAR report than the consensus. See: Lawler: Early Read on Existing Home Sales in April.   The consensus was for sales of 5.56 million SAAR, Lawler estimated the...
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10 Reasons To Invest In Montgomery Alabama Real Estate Market In 2018

10 Reasons To Invest In Montgomery Alabama Real Estate Market In 2018

Montgomery Alabama Real Estate Market Overview Montgomery Alabama Real Estate Market was ranked the #8 hottest housing market in the U.S. by CNN Money in 2014. The city has a low unemployment rate. It is a strong cash-flow market due to strong demand for rental housing. And this is not entirely due to the...
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NAHB: Builder Confidence Decreases to 68 in June

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NAHB: Builder Confidence Decreases to 68 in June

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 68 in June, down from 70 in May. Any number above 50 indicates that more builders view sales conditions as good than poor. From NAHB: Builder Confidence Slips Two Points as Lumber Prices Soar Builder confidence in the market for...
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