By Mauricio OumanskyFounder and CEO, The Agency Mall market forecasts come out at the start of a new year, and if the past two years have taught us anything, it’s that the real estate crystal ball is never crystal clear. Yet, with 2022 well underway, we can confidently predict that no bubbles will burst and […]
Tag: case shiller
WHOOSH, Dollar Purchasing Power Plunges in February as Inflation Spreads in Services, Fed Still Pouring Fuel There
That’s not even including the spike in food and energy prices over the past few weeks. They will appear later. By Wolf Richter for WOLF STREET. It would be hilarious, if it weren’t so bad, that the Fed spent a year trying to put a sack over everyone’s head that inflation was “transient” even as […]
Modernized Four Seasons condo takes a big hit
As we pointed out at the end of last year: Purchased for $1.7 million in June 2017, the 947-square-foot one-bedroom unit #30C in the Four Seasons Residences at 765 Market Street was later renovated – from floor to ceiling and kitchen to living room. – in an all-white “Modern Mediterranean Style”, with high-end finishes, custom […]
Evening briefing: March 2, 2022
Good evening, Tampa Bay. We end the day for you with the most important stories you need to know and your weather forecast. Your weather planner Our warming trend continues on Thursday as our temperatures increase slightly. All in all, it’s going to be a gorgeous day for all exterior shots. You may need a […]
How to make the most money in the real estate market of 2022
The 2022 housing market is tricky for real estate investors looking for income properties. It is also a difficult time to be looking to buy a house to live in. But that doesn’t mean there aren’t opportunities to make money in real estate this year. Here are some ways to score significant wealth. Image source: […]
Builders consider options as supply prices drive up costs
Feb. 24 – The housing boom has finally hit Decatur, but supply costs and employee expenses are forcing some local contractors to rethink the style of home they plan to build. The increase in the cost of building single-family homes and the resulting increase in their list prices makes townhouses more attractive. This changing market […]
Housing Data, AT&T 3G Shutdown, Macy’s Top Earnings in the Week Ahead
Federated Hermes portfolio manager Steve Chiavarone and T3 Trading CSO Scott Redler discuss the impact of rate hikes on “The Claman Countdown.” Stocks are preparing for another busy week after falling on Friday amid escalating tensions between Russia and Ukraine. The New York Stock Exchange will be closed on President’s Day. Teleprinter Security Last Change […]
Limited news in the shortened week during the holidays
Monday Markets in Canada are closed for Family Day, in the United States for Presidents Day. Tuesday we Economic outlook S&P Case-Shiller Home Price Index (December) FHFA House Price Index (December) Markit Manufacturing Purchasing Managers Index (Flash) (February) Markit Services PMI (Flash) (February) Consumer Confidence Index (February) Featured Revenues The Home Depot (NYSE:HD) […]
Can real estate save you?
Inflation in 2022, which can be compared to that of 1982, affects all aspects of our lives. Prices are skyrocketing everywhere, especially the cost of services and goods in the food, oil and gas industries. Although a 6.3% rise in food prices could cost an average American family more than $24 a month, how does […]
Is the Tampa Bay real estate market peaking?
Tampa Bay home values are rising rapidly, raising alarm bells for economists. Lakeland and Tampa Bay are the most overvalued markets in Florida, according to a study by Florida Atlantic University real estate economist Ken H. Johnson and Florida International University economist Eli Beracha. This means that homes here are selling for a premium, well […]
Solving the Country’s Complex Affordable Housing Puzzle
Sue McCormick is doing her part to help solve the country’s increasingly complex affordable housing puzzle. In 2021, McCormick resold two remodeled properties she originally purchased in a foreclosure sale on Auction.com in her hometown of Dayton, Ohio. Both properties were sold to owner-occupier buyers for less than $150,000 each. “I grew up in a […]
New Bedford real estate market to stay competitive, how to buy a house
NEW BEDFORD – New Bedford real estate agent Sharon Power has been in the industry for over 20 years. She never saw the housing market as competitive as it is today â and does not believe that will change. “This market is just crazy,” Power said. This week, Power says according to her Multiple Listing […]
Price Appreciation in New Homes vs. Existing Homes: CoreLogic Survey
New homes and existing homes are appreciating at similar rates, according to a new report from CoreLogic. Looking at data from the past decade, CoreLogic’s detailed picture of home appreciation goes beyond simple medians, usingthe Case-Shiller index for existing home sales and the hedonic index for new home sales. The Case-Shiller index calculates value based […]
High house prices fueled by low borrowing costs | News, Sports, Jobs
We are in another housing bubble, with house prices well above the peak of the last bubble in 2006, according to the Case Shiller home price index. Even adjusting for inflation, home prices are higher nationally than the last peak. Additionally, Hawaii still ranks among the most unaffordable states in the United States. We hear […]
Week Ahead – The Fed and the BoC will sing from the same hawkish anthem sheet; data burst en route [Video]
A busy week for central banks and economic releases is shaping up as the inflation story continues to weigh on markets. As price data points higher and bond yields soar, investors expect only hawkish rhetoric from the Federal Reserve and Bank of Canada. The latter could even go further and move from words to deeds. […]
Creating Value with NVR (NYSE: NVR)
Pgiam/iStock via Getty Images “A talent for following yesterday’s ways is not enough to improve today’s world.” King Wuling A company creates value when it increases its revenue and earns a return above the cost of capital. NVRs (NYSE: NVR) is one of the great American companies. Society is the clever beneficiary of deep secular […]
Rising Misery Index points to four rate hikes in 2022
Now, in the winter of our discontent, it should come as no surprise that the Misery Index has made a comeback. Older readers will recall that it was a measure devised in the 1960s by economist Arthur Okun, then an adviser to President Lyndon Johnson; he added unemployment to inflation. This sum would describe the […]
Mortgage still hot
LOS ANGELES – Fierce competition, low mortgage rates and soaring prices that pushed mortgage borrowing to record levels last year are expected to drive lending even higher this year, experts say. Banks loaned about $ 1.61 trillion for home purchases last year, up about 9% from 2020, according to the Mortgage Bankers Association. This exceeds […]
Home prices skyrocket: 1 growth stock that could win big
Earlier this week, the Case-Shiller Home Price Index data in 20 cities for October was released, and it showed a significant jump of 18.4% from the same month last year. This follows a strong result of 19.1% in September, and it shows how robust housing in the United States has always been in 2021. The […]
Demand for housing in the valley is expected to increase
Homebuyers should be prepared to jump on new listings as activity is expected to pick up at the start of the new year as supply hovers at its December low. According to Tina Tamboer of the Cromford Report, the latest supply tally for resale homes in the Phoenix area was around 5,400 – the lowest […]
EMEA Morning Briefing: Stocks will slow down after mixed session on Wall Street
MARKET ENVELOPES To watch: EU Monetary developments in the euro area. Opening call: European stocks could open lower after hitting a five-week high on Tuesday. US equity futures are trending upward. The US dollar was unchanged. Oil is rising. Lower golden edges. Actions: European stocks are expected to fall at open on Wednesday as concerns […]
Market closings, manufacturing surveys, home price data and more for investors to watch this week
Text size Uncredited It’s the week between Christmas and New Years, and the Wall Street corporate calendar is virtually empty. There are no large companies reporting profits or speaking with investors. The fourth quarter earnings season kicks off with results for several major banks on January 14. There are some highlights on the economic data […]
What will it take to kill this bull market? We will find out next year.
The insurgency, infections and inflation are what will be remembered for 2021. But none of them seemed to matter to US equities, at least as much as some might have thought. Again, the best thing for investors to do would have been to turn off their computers, phones, and (especially) televisions, and set up and […]
Rents for single-family homes increase by 11% in October
Rents for single-family homes in the United States climbed 10.9% in October, the fastest year-over-year increase in more than 16 years, according to real estate research firm CoreLogic. Rent increases accelerated for all price points in October, and higher priced rentals advanced the most. High price point is defined as properties with rents above 125% […]
High inflation needs a political solution
The core inflation rate has hit 6.9% in the past year, putting financial constraints on most Americans. The Federal Reserve now recognizes that high inflation has persisted for too long and signals that it will raise interest rates, but probably not as much as needed. For the first time since 1980, inflation has become a […]
How wage stagnation has turned the housing equation upside down
Fifty-two percent of non-home millennials aren’t saving for a down payment. And among these, many cite underpaid jobs or unemployment as the reason. In this article describing some of our to research About American millennials and their quest to become homeowners, I would like to provide an overview of the broader macroeconomic issues that have […]
Welcome to the first round of the 10-year real estate boom
the housing market is on Fire. Source: Shutterstock Just two weeks ago, the S&P CoreLogic Case-Shiller Home Price Index showed US home prices set a new record in September, increasing nearly 20% year-on-year. Home prices in the United States have now risen more than 10% year-on-year for 10 consecutive months. For the context, over the […]
Effort to help first responders, teachers get a boost from Gottheimer
Samuel P. Royer From armed battles halfway around the world to terrorist attacks on our own soil, America is no stranger to turbulent times. For more than two centuries, we have counted on courageous individuals who seize the opportunity to protect our country and our communities, whether abroad or at home. This time the enemy […]
Early buy alert: these 3 funds (making up 7.6%) should experience a boom in 2022
IInflation is on the rise, stocks are skyrocketing (Omicron damn it!) And the bargains are slim on the ground. Well, not all stocks are skyrocketing – one sector has fallen behind, and that sets us up for a nice upward ‘recovery’ in 2022, with big dividends (making up 7.6%!) On the side. We’ll talk about […]
Most D-FW homes always sell for more than asking price
Home sales in North Texas are slowing. But buyers don’t get a broken price. Almost 54% of homes sold in the Dallas-Fort Worth area through September are above asking price. That’s higher than the national average for properties paying more than sellers are asking for, according to a new report from Porch Group, a home […]
Increase in home sales but lower price increase in 2022
Home prices in North Texas are expected to rise 4% next year, just a fraction of recent record gains. According to a new report from Realtor.com. But D-FW’s projected gain for 2022 is minimal compared to the more than 20% year-over-year price increases seen in recent months. The current median price for real estate listings […]
Jobs Report, Yellen Powell CARES Hearing, Dollar General Better Results Next Week
After an abridged session on Friday, markets will reopen for a full week of activity, with a slew of earnings and key economic data, including the Beige Book, ADP jobs and the jobs report. Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen will also testify before lawmakers in a CARES oversight hearing, and […]
Here is an inflationary storm like none before
Dark storm clouds gather above getty The United States treated inflationary storms before. However, none started in such an unprepared financial environment. Therefore, expect the effects to come to be chaotic. (See “Inflation messages: the recklessness of 2021 versus the wisdom of 1981âFor the justification of a period of rising inflation to come) Preparation has […]
Opinion: How the pandemic shattered the measure of home values
Estimating home values, both as a whole and for individual homes, is a notoriously complicated process. This is because houses are durable and complex goods, and each house is unique in its location, features, or both. Additionally, homes are barely traded, meaning very few of them are traded in any given year. This makes it […]
Why is now a good time to buy amid inflation
Abraham Anderson says now is the time to lock down some real estate. As inflation rises, so does the value of your property, but the mortgage goes down, he says. He advises investors to focus on states with good homeowner protection laws. Investing in real estate is not as easy as buying stocks or even […]
Royer: Effort to help first responders, teachers get a big boost from Katko | Columns
Samuel Royer From armed battles halfway around the world to terrorist attacks on our own soil, America is no stranger to turbulent times. For more than two centuries, we have counted on courageous individuals who seize the opportunity to protect our country and our communities, whether abroad or at home. This time the enemy is […]
8.6% increase in existing home sales in Canada in October
By Paul Vieira OTTAWA – Sales of existing homes in Canada rose sharply in October, marking the largest month-on-month increase in over a year. The Canadian Real Estate Association said sales of existing homes rose 8.6% in October from the previous month. On an actual, unadjusted basis, transactions in October were down 11.5% from the […]
Not discussed at the Fed meeting? Rising housing costs.
Text size Jerome Powell, Chairman of the US Federal Reserve Kevin Dietsch / UPI / Bloomberg The lack of news is generally good news, especially for financial markets when it comes to the Federal Reserve. The market reaction was therefore positive to the well telegraphed decision of the central bank on Wednesday to reduce the […]
The housing market is so hot it broke Zillow’s algorithm
Zillow said on Tuesday it would shut down its iBuying unit and lay off 25% of its staff after huge losses in the chaotic market. He was using algorithms to find homes for a quick turnaround, but the wild price changes in the market were just too unpredictable. The volatility “far exceeds what we expected,” […]
Crypto Punk sets the NFT world on fire
“Crypto punk” a non-fungible token (NFT), sold for a staggering $ 532 million, setting a new record for this bizarre asset class. From a traditional investor’s perspective, the NFT sale helps illustrate the insane amount of speculation affecting the crypto markets as well as most other asset classes. Buckle up, it will be another volatile […]
Home Prices Could See a ‘Bumpy’ Road, Leading Analyst Says
through: TheRealDeal staff via Nexstar Media Wire Posted: Oct 31, 2021 / 4:20 PM CDT / Update: Oct 31, 2021 / 4:20 PM CDT In this file photo from February 12, 2020, a housing estate is located in El Dorado Hills, California. (AP Photo / Rich Pedroncelli, file) (TheRealDeal) – After month With US home […]
Home prices in Las Vegas have skyrocketed more than once
Given our reliance on tourists who come here to eat, drink, gamble, and party, Las Vegas’ economy has long been subject to extreme ups and downs. But across the valley, in the land of sticks and red-tiled stucco, the Las Vegas real estate market has shown it can be just as volatile. Home prices in […]
Does the Bay Area have “one of the fiercest markets in history”?
Patrick Carlisle of Compass (LinkedIn, iStock) After reviewing more than 30 years of data on housing in the Bay Area, Patrick Carlisle, Chief Market Analyst at Compass, is convinced that the pandemic-driven market is among the “fiercest” in history. . This is one of the surprises revealed by a recent Compass study who has looked […]
US Home Prices Rise Near Record High in August | News, Sports, Jobs
WASHINGTON (AP) – Home prices in the United States surged in August by a near record high from the previous year, as Americans keen to buy a home pushed up prices by a number decreasing properties. The S&P CoreLogic Case-Shiller Home Price Index in 20 cities was up 19.7% in August from a year ago. […]
Soaring house prices boost state and local governments
Property tax collections reached their highest level since at least 2009, as the housing market remained warm during the COVID-19 slowdown, according to a report released Wednesday. Analysis, from the National Association of Home Builders, uses Quarterly Census Bureau Tax Data to show that homeowners paid $ 703.5 billion in the four quarters ending in […]
Signs for investors: week starting October 25, 2021
Australia: inflation data in the foreground Over the coming week, September’s quarterly inflation reports dominate the economic calendar. Readings include consumer, producer and export / import prices. But the week starts Monday when CommSec publishes the State of States Quarterly Economic Report Card. Tuesday, ANZ and Roy Morgan jointly publish the Weekly Consumer Confidence Index, […]
Central Bank Reports Wednesday
Central Bank Reports Wednesday On Monday we Featured earnings Facebook Inc. (NASDAQ: FB) (Q3) EPS projected at $ 3.16, down from $ 2.71 in the previous year quarter. Southern Copper Corporation (NYSE: SCCO) (Q3) EPS projected at $ 1.13, up from 65 cents in the previous year quarter. Kimberly-Clark (NYSE: KMB) (Q3) EPS projected at […]
Sales of existing homes rebound by 7.0% in September
The median price of homes rose 13.3%, up for the 115th consecutive month. The National Association of Realtors (NAR) reports that sales of existing homes rose 7.0% in September. Key details Sales of existing homes on a seasonally adjusted annual rate were up 7% in September from August, with all regions showing an increase. The […]
Home prices in the area exceed the US average
Home prices in the Dallas area have jumped nearly 24% and topped state and national gains in the latest national survey, as reported in weekly real estate updates by Allie Beth Allman & Associates. July’s annualized increase of 23.7% exceeded the 19.7% national average gain in the S&P CoreLogic Case-Shiller Home Price Index. July was […]
The demand for second homes has plummeted. Should you buy yours now?
At several points in the pandemic, demand for second homes has skyrocketed. But recently, buyers seem to have lost interest or patience (or maybe both). In August, demand for second homes fell 19.3% from a year earlier, according to Redfin. This marks the third consecutive month of decline. But the demand for second homes is […]
September real estate news: the suburbs are hot and the city center is coming back
a lot trends that have been unfolding since the start of the pandemic lockdowns continue: a central location is less of a priority and the suburbs are heating up more than ever. But as amenities return to denser urban areas and some return to offices, downtown condos are back on the rise – and the […]
It’s America’s most risky housing market – 24/7 Wall St.
The US real estate market has not been this healthy for decades, if ever. The carefully tracked S&P Case-Shiller House Price Index has shown house prices have gone up nearly 20% in July, which was a record in the history of the study. In some cities, this figure was closer to 30%. Several factors have […]
The price of Bitcoin is correcting, but what does the futures data show?
Bitcoin had underperformed most altcoins over the past two months, but that trend reversed when its 20% rally pushed its market cap to cross the $ 1,000 billion mark on October 6. . This brought the attention of investors back to the main cryptocurrency and altcoins. are currently in the red for the day. The […]
Jensen: rebound in crude oil prices offers an opportunity
The recent rise in crude oil prices could be an opportunity for investors, as inflationary pressures seem likely to affect the economy for a longer period, Bret Jensen believes. “Rising energy prices will continue to be part of rising inflation in the economy” he wrote in a recent Real Money Pro column. “The boom in […]
How a 31% Stock Gain Is Actually a “Cooling” Trend – Press Enterprise
October came just after two economic headlines highlighted what appeared to be conflicting trends. “Home prices have risen by a record amount.” âThe worst month for stocks since the start of the pandemic. “ Now, before you sell your stocks and buy investment property, let me suggest that context is needed to decipher the constant […]
Millennials Go Their Own Way When It Comes To Harnessing Home Equity, Survey Says New
Perhaps Millennials enjoy having fun more than their Baby Boomer parents and Generation X siblings. The financial tastes of this cohort may have been shaped by historically low mortgage rates and the soaring house prices. Whatever the reason, Americans between the ages of 25 and 40 display significantly different attitudes about leveraging their home equity […]
Real Estate ETFs Respond to Rising Mortgage Rates – Part II
The recent hike in mortgage rates will likely continue to weaken sales trends and push home prices a bit lower over the next several months. The real estate ETF, IYR, already reflects a decline of around 10% in its valuation since early September 2021. In the first part of this research article, I shared a […]
Home prices are rising fastest in this state – 24/7 Wall St.
The price of American homes is racing tremendously. According to the carefully tracked S&P Case Shiller Home Price Index, house prices have risen across the country 19.7% in July compared to the same month last year. Several factors quickly drove home values ââup. One is mortgage rates, which are close to their lowest level in […]
Capital outlook: Fed fiddles as inflation burns
JP Szafranski It is not transitory. In early August, amid chatter from U.S. Federal Reserve officials and market commentators that concerns about persistently high inflation were unwarranted, we expressed our skepticism in our column Inflation – What Would Milton Say? We recognized at the time that the Fed was right to point out temporary disruptions […]
Three measures of inflation are all hot
Let’s compare the PCE, the Fed’s preferred measure of inflation to the CPI, and another measure I’m calculating. Three measurements from one year to the next PCE: 4.26% August. CPI: 5.25% August. CSAI: 8.82% July. Description PCE: Personal consumption expenses. It differs from the CPI in that it includes prices paid on behalf of consumers […]
Home prices hit record high, soar 19.7%
Just when you thought house prices couldn’t go up any further, well, they did. In July, home prices rose 19.7% from a year earlier, according to the S&P CoreLogic Case-Shiller Index. This is up from 18.7% the month before, and it also represents a record for the index. For sellers, this is clearly great news. […]
Massive sales in September reset investor expectations. Why this is good news for stocks.
Michael Nagle / Bloomberg Text size This commentary was posted recently by fund managers, research firms and market newsletter writers and was edited by Barron’s. Reset investor expectations Market perspectiveTruist Consulting ServicesSeptember 30: Stocks took a bumpier path in September, in line with typical seasonal weakness and our expectations. As October enters, the choppy waters […]
House prices in the valley rise as supply remains limited
Local housing research expert says a number of factors have led to the current state of Phoenix metro housing market as domestic home price growth continues to climb. Thomas Brophy, national director of research at Colliers in Phoenix, said the current housing market inventory is “just above” a one-month supply and that he doesn’t expect […]
Investors capture nearly 15.9% of US home sales – press enterprise
Soaring house prices and rents are fueling the appetite of real estate companies for homes, adding unwanted competition for many potential buyers. Residential real estate purchased by businesses or institutions reached an all-time high of 67,943 properties in the second quarter, according to Redfin, a Seattle-based online brokerage firm. This is more than double compared […]
Home Prices Rise Average Growth In Owners’ Equity In The United States WIVT
LOS ANGELES (AP) – Soaring house prices have pushed average homeowner’s net worth growth to the highest level in more than a decade, though recent signs of a slowing US housing market indicate more moderate gains in the second half of the year. Homes with a mortgage gained an average of $ 51,500 in equity […]
Business This Week | The Economist
October 2, 2021 Listen to this story Your browser does not support the item . Enjoy more audio and podcasts on ios Where Android. Janet Yellen, Secretary of the United States Treasury, has given her strongest warning yet about the potential consequences of not raising the federal rate debt limit, saying it would be “catastrophic”. […]
Tampa’s scorching real estate market may show signs of cooling
Tampa real estate market could cool down, experts say Jennifer Holton Reports TAMPA, Florida – Real estate agent Vince Arcuri likens the housing market to a pot of boiling water. “You put your hand in it, you still go to the hospital,” said Better Homes and Gardens real estate agent. It is still very hot, […]
Case-Shiller: Home Prices In San Diego Are Up 27.8% From Last Year, But Pace Slows
September 29, 2021 San Diego ranked second among 20 largest metropolitan areas in house price increases over the past year, but gains are slowing, according to the widely followed Case-Shiller Index. Tuesday’s report showed local prices rose 27.8% in the 12 months ended July, just behind Phoenix with 32.4%, but the monthly rate of increase […]
Latinos will drive economic growth, the only demographic to increase homeownership rate
After more than 10 years of saving, Joanna Flores finally had enough to make a down payment on her first home. Flores, a 35-year-old computer scientist and single mother of two in Fresno, Calif., Said living with her parents allowed her to set aside a few hundred dollars whenever she could. âThere were a lot […]
Pending home sales jumped in August after two months of decline
Contracts signed to buy existing homes rose 8.1% month-over-month in August, according to the National Association of Realtors, as buyers encountered higher inventories and slightly more favorable prices. Analysts expected a monthly increase of 1%. Signings are still down 8.3% from August 2020. August’s increase followed two months of decline, according to the NAR. These […]
Case-Shiller results and forecasts for July 2021: scorching heat
The S&P CoreLogic Case-Shiller® US national home price index was up 19.7% year over year in July (not seasonally adjusted), from 18.7% in June. Annual growth increased from April on both for the 20 cities index (to 19.9%, against 18.5%) and for the 10 cities index (to 19.1% against 18, 5%). Phoenix (+ 32.4%), San […]
Boston posts highest 12-month gain on Case-Shiller Index ever
You wouldn’t imagine it: Boston-area home values ââhave jumped their biggest percentage in the past 12 months according to the S&P CoreLogic Case-Shiller Home Price Index. And the region was not alone: ââNew York, Charlotte, Cleveland, Dallas, Denver and Seattle recorded the same records. Boston’s home values âârose 18.7% from July 2020 to July 2021, […]
USD / CHF Flirts Near 0.9250 As US T Bond Yields Rise
USD / CHF is trading slightly higher on Tuesday at the start of Asian trading hours. The US dollar index remains strong above 93.40. The pair has been moving in the familiar 0.9250 and 0.9280 range in recent sessions. The USD / CHF pair consolidates its gains after showing strong bullish momentum during the US […]
Micron, McCormick, Cintas, CarMax and more stocks to watch this week
Text size There are numerous corporate results and economic data releases this week. IHS Markit and Micronic Technology report Tuesday, followed by Cintas wednesday and CarMax and McCormick Thursday. Generac Holdings and Intuit also host investor days on Wednesday and Thursday, respectively. Data released this week includes the Census Bureau’s durable goods report for August […]
US stocks are expected to open mixed on Monday
A Wall Street sign on the New York Stock Exchange (NYSE) on February 17, 2021 in New York City. (Photo by ANGELA WEISS / AFP via Getty Images) AFP via Getty Images Text size Here’s what you need to know to navigate the markets today. ⢠US stocks should open mixed on Monday. As of […]
Signs for investors: week starting September 27, 2021
Australia: until the December quarter Over the coming week, retail, job vacancies and housing data dominate the Australian economic calendar as we start October and enter the final quarter of 2021. The week starts Tuesday when ANZ and Roy Morgan jointly publish the Weekly Consumer Confidence Survey. An increase in vaccination rates along with proposed […]
Mortgage rates today, September 25 and rate forecasts for next week
Today’s Mortgage and Refinance Rates Average mortgage rates rose again yesterday. Thank goodness the increase was much smaller than that of Thursday. Still, those Friday night rates were about 10 basis points (a basis point is a hundredth of 1%) higher than they were a week earlier. I suppose that mortgage rates will rise again […]
The fix is available for experienced fins – NMP
The past few years have been particularly difficult for fix-and-flip investors, with rapid price appreciation and slow recovery in stocks. Although the rate of home flips in the United States has been increasing steadily since March, ATTOM data reveals that profit margins have shrunk. The return on investment for fix-and-flips fell to 33.5% from 37.2% […]
Phoenix # 1 in Home Price Hikes for 25 Consecutive Months
The US Census Bureau has published statistics on franchises from the 2017 economic census August 26. Almost 300 different types of businesses are franchises, although the only data available at the state level is for full and limited-service restaurants. Comparing Arizona to the United States, 41.6% of restaurants (combined total of full and limited service) […]
Local government must step up fight against housing price inflation
The cost of housing in America is rising at an unbearable rate – not for homeowners and builders, but for Americans trying to pay the rent. According to the S&P CoreLogic Case-Shiller National Home Price Index, home prices rose another 18.6% in June, the largest monthly increase in 34 years. This surge in prices comes […]