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Posts Tagged ‘ sharply ’

Hotels: Occupancy Rate Increased Sharply Year-over-year due to Timing of Thanksgiving

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Hotels: Occupancy Rate Increased Sharply Year-over-year due to Timing of Thanksgiving

Note: Due to the timing of Thanksgiving, the occupancy rate was up sharply YoY last week, and will be down sharply YoY in the report next week. From HotelNewsNow.com: STR: US hotel results for week ending 23 November The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the...
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“No, Mortgage Rates Are No Longer “Sharply Lower” This Week!”

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“No, Mortgage Rates Are No Longer “Sharply Lower” This Week!”

From Matthew Graham at Mortgage News Daily: No, Mortgage Rates Are No Longer “Sharply Lower” This Week! Mortgage rates were sharply higher today, with the average 30yr fixed rate quote rising by almost an eighth of a percentage point in some cases. A move of that magnitude in one day is the sort of...
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Oil Rigs Increase Sharply

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Oil Rigs Increase Sharply

A few comments from Steven Kopits of Princeton Energy Advisors LLC on October 12, 2018: • Oil rigs were up sharply this week, +8 to 869 • Horizontal oil rigs similarly rose, +8 to 772…• This report is deceptively bullish, as ‘Other US’ added 8 horizontal oil rigs, of which perhaps 4-6 are likely...
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Update: Framing Lumber Prices Up Sharply Year-over-year

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Update: Framing Lumber Prices Up Sharply Year-over-year

Here is another update on framing lumber prices. Early in 2013 lumber prices came close to the housing bubble highs – and prices are once again near the bubble highs. This graph shows two measures of lumber prices: 1) Framing Lumber from Random Lengths through November 2017 (via NAHB), and 2) CME framing futures....
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Las Vegas Real Estate in January: Sales up 13.9% YoY, Inventory down Sharply

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Las Vegas Real Estate in January: Sales up 13.9% YoY, Inventory down Sharply

This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada Home Prices Rise to Start 2017, GLVAR Housing Statistics for January 2017 The Greater Las Vegas Association of REALTORS®...
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Dallas Fed: “Texas Manufacturing Activity Falls Sharply” in January

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Dallas Fed: “Texas Manufacturing Activity Falls Sharply” in January

From the Dallas Fed: Texas Manufacturing Activity Falls Sharply Texas factory activity fell sharply in January, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index—a key measure of state manufacturing conditions—dropped 23 points, from 12.7 to -10.2, suggesting output declined this month after growing throughout fourth quarter 2015. Other...
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Long Beach Port Traffic Declined Sharply in January

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Long Beach Port Traffic Declined Sharply in January

The Port of Long Beach released container traffic statistics for January (the Port of Los Angeles hasn’t released January data yet). The Long Beach data showed a significant decline in port traffic due to the labor issues that were tentatively settled on Friday. Note: There is usually a seasonal slowdown in February or March (depending on...
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Phoenix Real Estate in October: Sales up 2%, Cash Sales down Sharply, Inventory up only 6%

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Phoenix Real Estate in October: Sales up 2%, Cash Sales down Sharply, Inventory up only 6%

This is a key distressed market to follow since Phoenix saw a large bubble / bust followed by strong investor buying.  These key markets hopefully show us changes in trends for sales and inventory. The Arizona Regional Multiple Listing Service (ARMLS) reports (table below): 1) Overall sales in October were up 2.5% year-over-year.  Note:...
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Las Vegas Real Estate in May: Year-over-year Non-contingent Inventory Doubles, Distressed Sales and Cash Buying down sharply

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Las Vegas Real Estate in May: Year-over-year Non-contingent Inventory Doubles, Distressed Sales and Cash Buying down sharply

This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada home prices rebound in May, GLVAR reports According to GLVAR, the total number of existing local homes, condominiums and...
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Sacramento: Conventional Sales up Sharply Year-over-year in August, Active Inventory increases 47% year-over-year

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Sacramento: Conventional Sales up Sharply Year-over-year in August, Active Inventory increases 47% year-over-year

Several years ago I started following the Sacramento market to look for changes in the mix of houses sold (conventional, REOs, and short sales).  For a long time, not much changed. But over the last 2 years we’ve seen some significant changes with a dramatic shift from foreclosures (REO: lender Real Estate Owned) to short sales, and...
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