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A Few Comments on March Existing Home Sales

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A Few Comments on March Existing Home Sales

Earlier: NAR: “Existing-Home Sales Jumped 4.4% in March” 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 March “I project that US existing home sales as estimated by the National Association of Realtors...
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AIA: Architecture Billings Index increased in March

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AIA: Architecture Billings Index increased in March

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index continues to strengthen The first quarter of the year ended on a positive note for the Architecture Billings Index (ABI).  As a leading economic indicator of construction activity, the ABI reflects the approximate...
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The Real Estate Professional Tax Loophole

The Real Estate Professional Tax Loophole

The Real Estate Professional status is a designation given by the IRS based on the number of hours that you work in real estate activities versus other activities. It doesn’t mean that you have to become a real estate sales agent or broker.  You don’t need to drive around showing people houses or putting...
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Q1 GDP Forecasts Downgraded Again

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Q1 GDP Forecasts Downgraded Again

From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 0.5 percent on April 14, down from 0.6 percent on April 7. The forecast for first-quarter real consumer spending growth fell from 0.6 percent to 0.3 percent after this morning’s...
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Thursday: PPI, Unemployment Claims, Consumer Sentiment

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Thursday: PPI, Unemployment Claims, Consumer Sentiment

From Matthew Graham at Mortgage News Daily: Rates Move Deeper Into 2017 Lows After Trump Comments Mortgage rates continued lower today, bringing them even deeper into new lows for 2017.  Bond markets (which underlie rate movement) were already doing just fine this morning, but got a boost from Trump’s comments on the strength of the US...
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Tuesday: Job Openings

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Tuesday: Job Openings

From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher, But Steady Overall Mortgage rates rose slightly again today, despite moderate improvement in underlying bond markets. … All that having been said, mortgage rate movement continues to take place inside an exceptionally narrow range.  For the past 3 weeks, most borrowers would be quoted the...
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Schedule for Week of Apr 9, 2017

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Schedule for Week of Apr 9, 2017

The key economic reports this week are Retail Sales and the Consumer Price Index (CPI). —– Monday, Apr 10th —–10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI). 4:10 PM: Discussion with Fed Chair Janet Yellen, Discussion with Ford School Dean Susan M. Collins, Gerald R. Ford School of...
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Schedule for Week of Apr 9, 2017

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Schedule for Week of Apr 9, 2017

The key economic reports this week are Retail Sales and the Consumer Price Index (CPI). —– Monday, Apr 10th —–10:00 AM ET: The Fed will release the monthly Labor Market Conditions Index (LMCI). 4:10 PM: Discussion with Fed Chair Janet Yellen, Discussion with Ford School Dean Susan M. Collins, Gerald R. Ford School of...
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Friday: Jobs and Wages

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Friday: Jobs and Wages

Earlier:, my March Employment Preview: Mixed Signals and Goldman: March Employment Preview Friday:• At 8:30 AM ET, Employment Report for March. The consensus is for an increase of 178,000 non-farm payroll jobs added in March, down from the 235,000 non-farm payroll jobs added in February. The consensus is for the unemployment rate to be...
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