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If the presidential debate has a clear winner, it could show up in a big market move
9/28/2020 2:46 PM
If the presidential debate Tuesday results in a clear winner, there could be a much bigger market reaction than after past debates....(read more)
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The U.S. is "not in a good place" as daily coronavirus cases grow beyond 40,000, Fauci says
9/28/2020 1:17 PM
"There are states that are starting to show an uptick in cases and even some increase in hospitalizations in some states," Dr. Anthony Fauci said on Monday....(read more)
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Dallas Fed: "Texas Manufacturing Recovery Picks Up Steam" in September
9/28/2020 10:41 AM
From the Dallas Fed: Texas Manufacturing Recovery Picks Up Steam Texas factory activity expanded in September for the fourth month in a row following a record contraction due to the COVID-19 pandemic, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing con...Read More
 
Share of Non-Conventional Financing Increased in 2019
9/28/2020 8:21 AM
NAHB analysis of the 2019 Census Bureau Survey of Construction (SOC) data shows that, nationwide, the share of non-conventional financing for new home sales accounted for 35.0% of the market, while conventional financing dominated the market at 65.0%. In 2018, share of non-conventional financing was 28.6% of the market while conventional financing ...Read More
 
Commercial Real Estate Scarring
9/28/2020 7:02 AM
Here is an article related to some of the commercial real estate (CRE) scarring from the pandemic recession. From the Financial Times: Destruction of value in US real estate revealed by appraisal data . The article suggests some CRE valuations have declined 25% since early this year. We will also see a decline in new CRE construction next year base...Read More
 
September Vehicle Sales Forecast: 5% Year-over-year Decline
9/25/2020 3:53 PM
From Wards: U.S. Light Vehicle Sales & Inventory Forecast, September 2020 (pay content) Click on graph for larger image. This graph shows actual sales from the BEA (Blue), and Wards forecast for September (Red). Sales have bounced back from the April low, but are still down year-over-year. The Wards forecast of 16.2 million SAAR, would be u...Read More
 
Charts of the Week: Federal debt, middle-class income, rental housing distress
9/25/2020 2:45 PM
In this edition of Charts of the Week: COVID-19"s impact on the federal debt and renters" ability to pay; plus the middle-class income growth decline. COVID-19 AND THE FEDERAL DEBT In a paper discussed at this week"s Brookings Papers on Economic Activity (BPEA) conference, the authors (Alan Auerbach, William Gale, Byron Lutz, and Louise Sheiner)&am...Read More
 
It"s not entirely clear how the government will pay for Trump"s $200 Medicare cards
9/25/2020 1:02 PM
"Under my plan, 33 million Medicare beneficiaries will soon receive a card in the mail containing $200 that they can use to help pay for prescription drugs," Trump said in a speech....(read more)
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U.S. Buyers Face Significant Inventory Shortages
9/25/2020 12:24 PM
A lack of housing supply has led to heated market conditions, as median listing prices last week grew at a record 11.1% year-over-year, according to realtor.com The post U.S. Buyers Face Significant Inventory Shortages appeared first on Real Estate News & Insights | realtor.com® ....(Read More
 
Taxes are likely to go up for the wealthy in these nine states
9/25/2020 11:50 AM
Lawmakers in nine states are proposing higher taxes on the wealthy to help fill growing budget holes from the pandemic, and the list is likely to grow, according to a legislative group....(read more)
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Home remodeling during Covid-19—"expect it to cost 50% more and take 50% longer," says finance expert
9/25/2020 10:36 AM
Doing a major home renovation can be a nightmare, especially during Covid-19. After several remodeling projects, finance expert Sam Dogen finally "wisened up to the game that some general contractors play to extract as much money from homeowners as possible." Here"s what he learned....(Read More
 
Mnuchin and Powell back jobless aid and small business loans
9/25/2020 10:36 AM
Mnuchin and Powell back jobless aid and small business loans    Yahoo News Watch live - Powell and Mnuchin testify before the Senate on the economic recovery    CNBC Hundreds of billions of dollars in unused aid could be reallocated, say Fed Chair Powell and Secretary Mnuchin    NBC News Mnuchin...Read More
 
U.S. core capital goods orders increase more than expected in August
9/25/2020 9:47 AM
U.S. core capital goods orders increase more than expected in August    Reuters UK...(read more)Forwar...Read More
 
Lawler: Serious Delinquency Rate on FHA-Insured SF Loans Up Again in August
9/25/2020 9:22 AM
From housing economist Tom Lawler: Serious Delinquency Rate on FHA-Insured SF Loans Up Again in August While the FHA"s "official" monthly loan performance report for August is not yet available on its website, data from the FHA"s Early Warning System indicates that FHA"s Early Warning System indicate that the serious delinquency rate on FHA-insured...Read More
 
Home Prices Just. Keep. Climbing. National Median Now Up 14% from Last Year
9/25/2020 9:21 AM
For the four-week period ending September 20, home prices were up 14%, pending sales rose 29%, and new listings were 6% higher than the same period in 2019. The post Home Prices Just. Keep. Climbing. National Median Now Up 14% from Last Year appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More ....(Read More



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