Category: Real Estate

• December 6, 2022
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• realestatelife

Trade Balance: The October total Goods and Services Trade Balance was -$78.2.B vs est of -$79.1B but it was much larger than September’s level of -$73.28B as exports fell to lowest level since June. Central Bank Palooza: The Reserve Bank of Australia increased their main interest rate by 25BPS which was widely expected. Interest rates

• November 30, 2022
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• realestatelife

Home prices declined by 30% during the Great Recession of 2008-2009. The housing market is on much solid foundation this round. Given so much news media coverage about the potential for home price pullback, it is worth visiting the fundamentals related to the current cycle versus the last. – 20 more jobs today and no

• November 23, 2022
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• realestatelife

All three of the major U.S. averages rose on Wednesday after the minutes of the Federal Reserve’s October meeting showed policymakers foresee a slowing of future rate hikes. Consumer discretionary names led the gains while energy lagged after oil fell 3.7% to $77.94 per barrel.

• November 8, 2022
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• realestatelife

Hiring in the U.S. remained solid in October, presenting challenges for the Federal Reserve’s inflation fight. Employers added 261,000 nonfarm jobs, more than expected and in line with the previous month’s 263,000. The unemployment rate edged higher to 3.7%, up from 3.5% in September. Hourly pay remained brisk rising at 4.7% year over year, matching

• October 27, 2022
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• realestatelife

More comments from St. Louis Fed James Bullard. He expects the central bank to end its “front-loading” of aggressive interest-rate hikes by early next year and shift to keeping policy sufficiently restrictive with small adjustments as inflation cools. “You do have to think about what the reasonable level is,” said Bullard, who has become Wall Street’s

• October 20, 2022
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• realestatelife

U.S. existing home sales slowed for the eighth straight month in September as rising mortgage rates, surging inflation and steep home prices continued to push prospective buyers out of the market. Sales of previously owned homes tumbled 1.5% in September from the previous month to an annual rate of 4.71 million units, according to new

• October 27, 2022
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• realestatelife

The Internal Revenue Service today announced the tax year 2023 annual inflation adjustments for more than 60 tax provisions, including the tax rate schedules and other tax changes. Revenue Procedure 2022-38PDF provides details about these annual adjustments. New for 2023 The Inflation Reduction Act extended certain energy related tax breaks and indexed for inflation the energy efficient

• October 19, 2022
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• realestatelife

U.S. stocks retreated across the board as all three of the major benchmarks led by the tech-heavy Nasdaq Composite fell as bond yields rose. The 10-year Treasury yield closed at 4.127%, the highest level since July 2008.

• October 14, 2022
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• realestatelife

Mortgage rates may head toward 8.5% if they break through the 7% threshold they’re on the verge of now, according to the chief economist of the National Association of Realtors. That possibility is based on a technical analysis of mortgage rates from NAR’s Lawrence Yun, who studied key levels of resistance that borrowing costs will

• October 16, 2022
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• realestatelife

Investing.com — U.S. retail sales were flat in nominal terms in September, below expectations and again highlighting the pressure on consumer spending power from high inflation. However, core retail sales, which strip out some of the more volatile elements of the consumer shopping basket, edged up 0.1%, slightly better than forecast, in an overall mixed