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  • Tue, Aug 25 2015
  • 2:24 PM » Housing subsidies reduce inequality. But mortgage tax breaks make it worse.
    Published Tue, Aug 25 2015 2:24 PM by Washington Post
    The primary purpose of housing subsidies is, well, to house people. But by doing so, they serve another end: They effectively boost the incomes of many poor Americans, narrowing inequality.A new Urban Institute analysis quantifies exactly how much housing aid helps the needy. Gregory Acs and Paul Johnson looked at the post-tax, post-transfer incomes of American households (adjusted for household size). If you take housing policy out of that picture, households at the 90th percentile have about 9.4 times as much income as those at the 10th percentile. Add in housing subsidies - which cost the government about $36 billion in 2012 - and that ratio falls to 8.6.Read full article >>
    Click Here to Read the Full Article

    Source: Washington Post
  • 12:28 PM » U.S. Home Sales May Be Flatter, but Denver Is Still Mile-High
    Published Tue, Aug 25 2015 12:28 PM by www.realtor.com
    The S&P/Case-Shiller U.S. National Home Price Index reports that sales were flatter in June 2015, but some cities-mostly Denver-are still steeply rising. The post U.S. Home Sales May Be Flatter, but Denver Is Still Mile-High appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 10:28 AM » Consumer confidence jumps in August
    Published Tue, Aug 25 2015 10:28 AM by Reuters
    NEW YORK (Reuters) - U.S. consumer confidence rebounded in August according to a private sector report released on Tuesday.
  • 10:09 AM » Builder U.S. Home Pipeline at Eight-Year High
    Published Tue, Aug 25 2015 10:09 AM by Bloomberg
    Builder U.S. Home Pipeline at Eight-Year High: Under the Hood Bloomberg Here's the takeaway from the Commerce Department's report Tuesday in in Washington that showed sales of new homes in the U.S rebounded in July to a 507,000 annualized rate. The median forecast of 75 economists surveyed by Bloomberg projected ...
  • 10:09 AM » US new home sales rebound in July
    Published Tue, Aug 25 2015 10:09 AM by CNBC
    New U.S. single-family home sales rose a bit less than expected in July, but the trend pointed to housing market strength.
  • 10:08 AM » Home price growth edges up in June: S&P/Case-Shiller
    Published Tue, Aug 25 2015 10:08 AM by Reuters
    NEW YORK (Reuters) - U.S. single-family home prices rose a tad faster from a year ago in June, suggesting resilience in the housing sector as the Federal Reserve has stuck to a near-zero interest rate policy, a closely watched survey said on Tuesday.
  • 10:07 AM » History may point to a sharp market bounce
    Published Tue, Aug 25 2015 10:07 AM by CNBC
    In 9 of the last 11 times that stocks fell as forcefully as they just have, a strong one-week rally was in store.
  • 8:55 AM » Man who called collapse sees recession ahead
    Published Tue, Aug 25 2015 8:55 AM by CNBC
    Raoul Pal of the Global Macro Investor says a U.S. economic slowdown is on the horizon.
  • 8:52 AM » China cuts rates for 5th time in 9 months
    Published Tue, Aug 25 2015 8:52 AM by CNBC
    China cut its 1-year lending rate to 4.6 percent and lowered its reserve requirements for banks on Tuesday, in an effort to boost its slowing economy.
  • 8:48 AM » Will the Fed Raise Interest Rates Anytime Soon? Investors Say No
    Published Tue, Aug 25 2015 8:48 AM by rss.nytimes.com
    The central bank, which takes a broad look at the economy and has indicated it will raise rates this year, has three more policy meetings slated for 2015.
    Click Here to Read the Full Article

    Source: rss.nytimes.com
  • 8:37 AM » US Treasury yields climb back above 2% as markets calm
    Published Tue, Aug 25 2015 8:37 AM by CNBC
    U.S. sovereign bonds prices fell on Tuesday, pushing yields higher, as global markets regained some composure following Monday's sharp selling in risk assets, which pushed investors into |safe-haven" Treasurys.
  • 1:13 AM » China's ‘Black Monday' triggers chaotic day in stock markets
    Published Tue, Aug 25 2015 1:13 AM by Washington Post
    A sharp stock market selloff that began in Beijing clobbered Wall Street on Monday, sending shares plunging by record amounts amid renewed fears that the global economy is slowing down and world leaders are running out of ways to pump it back up. Read full article >>
    Click Here to Read the Full Article

    Source: Washington Post
  • 1:13 AM » Tuesday: New Home Sales, Case-Shiller House Prices, Richmond Fed Mfg
    Published Tue, Aug 25 2015 1:13 AM by Calculated Risk Blog
    Tuesday: • At 8:30 AM: S&P/Case-Shiller House Price Index for June . Although this is the June report, it is really a 3 month average of April, May and June prices. The consensus is for a 5.2% year-over-year increase in the Comp 20 index for June. The Zillow forecast is for the National Index to increase 4.3% year-over-year in June. • At 9:00 AM, FHFA House Price Index for June 2015. This was originally a GSE only repeat sales, however there is also an expanded index. The consensus is for a 0.4% month-to-month increase for this index. • At 10:00 AM, New Home Sales for July from the Census Bureau. The consensus is for an increase in sales to 516 thousand Seasonally Adjusted Annual Rate (SAAR) in July from 482 thousand in June. • At 10:00 AM, Richmond Fed Survey of Manufacturing Activity for August . To put the recent sell-off in perspective, here is a graph (click on graph for larger image) from Doug Short and shows the S&P 500 since the 2007 high ...
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 1:13 AM » Yellen Confronts Greenspan Oasis Warning as She Weighs Rate Rise
    Published Tue, Aug 25 2015 1:13 AM by Bloomberg
    Bloomberg Yellen Confronts Greenspan Oasis Warning as She Weighs Rate Rise Bloomberg Janet Yellen, chair of the U.S. Federal Reserve, speaks during her semiannual report on the economy to the Senate Banking Committee in Washington, D.C., on July 16. Photographer: Drew Angerer/Bloomberg. Don't Miss Out - Follow Bloomberg On. and more »
  • Mon, Aug 24 2015
  • 4:46 PM » Rieder: 'Window is closing' on Fed
    Published Mon, Aug 24 2015 4:46 PM by CNBC
    BlackRock's Rick Rieder believes that the window for the U.S. Federal Reserve to raise interest rates is closing.
  • 4:43 PM » Fed's Lockhart Says Planned Rate Hike Complicated by China
    Published Mon, Aug 24 2015 4:43 PM by Bloomberg
    Bloomberg Fed's Lockhart Says Planned Rate Hike Complicated by China Bloomberg Federal Reserve Bank of Atlanta President Dennis Lockhart said he continues to expect the first interest-rate hike in nearly a decade this year, while cautioning that a stronger dollar, a weaker Chinese yuan and falling oil prices complicate the outlook. and more »
  • 2:23 PM » Gundlach: US equities face another major leg down
    Published Mon, Aug 24 2015 2:23 PM by CNBC
    Jeffrey Gundlach on Monday said he is significantly concerned about redemptions in bond ETFs, amid a sell off in global equities.. Please check back for further updates.. Click here for the latest on the markets..
  • 2:23 PM » Is China's Falling Stock Market Good for American Homebuyers?
    Published Mon, Aug 24 2015 2:23 PM by www.realtor.com
    When the Chinese stock market tumbled 11.5% last week, global markets descended into panic. But could the chaos be good news for American homebuyers? The post Is China’s Falling Stock Market Good for American Homebuyers? appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 12:34 PM » Economic Growth Outlook Less Upbeat for the Second Half of the Year
    Published Mon, Aug 24 2015 12:34 PM by Fannie Mae
    Economic Growth Outlook Less Upbeat for the Second Half of the Year.
  • 12:31 PM » Fed bond bubble: A good deal right now
    Published Mon, Aug 24 2015 12:31 PM by CNBC
    Thought Fed rate hike was going to burst bond bubble. With stocks correcting, bonds are looking pretty good right now.
  • 10:43 AM » NYSE Will Suspend Stock Trading If S&P 500 Index Plunges 7%
    Published Mon, Aug 24 2015 10:43 AM by Bloomberg
    Bloomberg NYSE Will Suspend Stock Trading If S&P 500 Index Plunges 7% Bloomberg If losses in the U.S. stock market worsen, keep in mind there might be a 15-minute break. The New York Stock Exchange said it will halt trading for 15 minutes if the Standard & Poor's 500 Index drops 7 percent. The stock exchange will pause trading if ...
  • 10:43 AM » 3 reasons stocks are tanking
    Published Mon, Aug 24 2015 10:43 AM by Market Watch
    When you look at liquidity, market breadth and a bit of technical analysis, It's not so difficult to see why the market is dropping so rapidly.
  • 10:43 AM » Chicago Fed: Index shows "Economic growth picked up in July"
    Published Mon, Aug 24 2015 10:43 AM by Calculated Risk Blog
    The Chicago Fed released the national activity index (a composite index of other indicators): Index shows economic growth picked up in July Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) rose to +0.34 in July from -0.07 in June . Two of the four broad categories of indicators that make up the index increased from June, and three of the four categories made positive contributions to the index in July. The index's three-month moving average, CFNAI-MA3, edged up to a neutral reading in July from -0.08 in June. July's CFNAI-MA3 suggests that growth in national economic activity was at its historical trend . The economic growth reflected in this level of the CFNAI-MA3 suggests limited inflationary pressure from economic activity over the coming year. emphasis added This graph shows the Chicago Fed National Activity Index (three month moving average) since 1967. Click on graph for larger image. This suggests economic activity was close to the historical trend in July (using the three-month average). According to the Chicago Fed: What is the National Activity Index? The index is a weighted average of 85 indicators of national economic activity drawn from four broad categories of data: 1) production and income; 2) employment, unemployment, and hours; 3) personal consumption and housing; and 4) sales, orders, and inventories. A zero value for the index indicates that the national economy is expanding at its historical trend rate of growth; negative values indicate below-average growth; and positive values indicate above-average growth.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:42 AM » US Markets Selloff at Open as S&P 500 Corrects
    Published Mon, Aug 24 2015 10:42 AM by Bloomberg
    Bloomberg US Markets Selloff at Open as S&P 500 Corrects Bloomberg Bloomberg's Julie Hyman examines the markets at the start of today's trade. She speaks on "Market Makers." (Source: Bloomberg). Related. China or Fed: Who Is Responsible for Global Selloff? Most Recent Videos. U.S. Markets Selloff at Open as S&P 500 ...
  • 9:08 AM » Bidding Wars Hold Back First-Time Buyers, Coldwell Banker CEO Says
    Published Mon, Aug 24 2015 9:08 AM by www.builderonline.com
    MarketWatch's Steve Goldstein looks at how the lack of housing inventory is causing first-time buyers to struggle to acquire a place of their own.
    Click Here to Read the Full Article

    Source: www.builderonline.com
  • 8:50 AM » Black Knight's First Look at July: Foreclosure Inventory at Lowest Level Since 2007
    Published Mon, Aug 24 2015 8:50 AM by Calculated Risk Blog
    From Black Knight: Black Knight Financial Services' First Look at July Mortgage Data: Foreclosure Inventory Down 24 Percent Year-Over-Year; Lowest Level Since 2007 According to Black Knight's First Look report for July, the percent of loans delinquent decreased 2% in July compared to June, and declined 16.5% year-over-year. The percent of loans in the foreclosure process declined 4% in July and were down 24% over the last year. Black Knight reported the U.S. mortgage delinquency rate (loans 30 or more days past due, but not in foreclosure) was 4.71% in July, down from 4.82% in June. The percent of loans in the foreclosure process declined in July to 1.40%.  This was the lowest level of foreclosure inventory since 2007. The number of delinquent properties, but not in foreclosure, is down 460,000 properties year-over-year, and the number of properties in the foreclosure process is down 224,000 properties year-over-year. Black Knight will release the complete mortgage monitor for July in early September. Black Knight: Percent Loans Delinquent and in Foreclosure Process   July 2015 June 2015 July 2014 July 2013 Delinquent 4.71% 4.82% 5.64% 6.41% In Foreclosure 1.40% 1.46% 1.85% 2.82% Number of properties: Number of properties that are 30 or more, and less than 90 days past due, but not in foreclosure: 1,503,000 1,549,000 1,713000 1,846,000 Number of properties that are 90 or more days delinquent, but not in foreclosure: 886,000 895,000 1,136,000 1,347,000 Number of properties in foreclosure pre-sale inventory: 711,000 739,000 935,000 1,406,000 Total Properties 3,100,000 3,183,000 3,785,000 4,599,000
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:50 AM » Property Brokers Falter as Real Estate Boom Seen Cooling
    Published Mon, Aug 24 2015 8:50 AM by Bloomberg
    Property Brokers Falter as Real Estate Boom Seen Cooling Bloomberg Commercial-property brokerages, the stars among U.S. real estate stocks this year, are losing luster as the booming market for deals shows signs of cooling. CBRE Group Inc. and Jones Lang LaSalle Inc., the global titans of property services, have lost ...
  • 8:50 AM » Winter-Weary Home Buyers Heading to Florida
    Published Mon, Aug 24 2015 8:50 AM by www.realtor.com
    Home sales in the Sunshine State were up 19.6% in June compared with a year ago. The post Winter-Weary Home Buyers Heading to Florida appeared first on Real Estate News and Advice - realtor.com .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 8:50 AM » BlackRock Said to Start Financing Rental-Home Investors
    Published Mon, Aug 24 2015 8:50 AM by Bloomberg
    BlackRock Said to Start Financing Rental-Home Investors Bloomberg BlackRock Inc. is the latest company planning to finance investors who buy single-family homes, capitalizing on soaring rental demand as the U.S. homeownership rate sits at a five-decade low. BlackRock, the world's largest money manager, will buy loans ...
  • 8:49 AM » US Treasurys see safe-haven buying amid global sell off
    Published Mon, Aug 24 2015 8:49 AM by CNBC
    U.S. sovereign bonds saw heavy demand on Monday as market turmoil continued in China, pushing U.S. 10-year bond yields briefly below 2 percent.
  • 8:49 AM » Haunted by Deflation Omen, Bond Traders Warn Fed of Rate Misstep
    Published Mon, Aug 24 2015 8:49 AM by Bloomberg
    Haunted by Deflation Omen, Bond Traders Warn Fed of Rate Misstep Bloomberg The senior fund manager at Tokyo-based Mizuho Asset Management watched Japan stagnate for years as the economy was beset by deflation. Now, Ito is betting something similar may happen in the U.S. as the Federal Reserve prepares to raise interest ...
  • 8:48 AM » Great fall of China sinks world stocks, dollar tumbles
    Published Mon, Aug 24 2015 8:48 AM by Reuters
    LONDON (Reuters) - Alarm bells rang across world markets on Monday as a 9 percent dive in Chinese shares and a sharp drop in the dollar and major commodities panicked investors.
  • Fri, Aug 21 2015
  • 4:49 PM » Dow suffers biggest weekly point drop since the worst week of the financial crisis
    Published Fri, Aug 21 2015 4:49 PM by Market Watch
    The Dow Jones Industrial Average suffered its biggest weekly point drop since the worst week of the financial crisis. The Dow tumbled 531.14 points on Friday, and 1,017.85 points, or 5.8%, for the week, amid growing concerns of a slowing global economy. The Dow had tumbled 1,874.19, or 18%, the week ending Oct. 10, 2008, as the collapse of Lehman Bros. rattled global markets. On a percentage basis, this was the blue chip barometer's worst week since the week ending Sept. 23, 2011, when growing concerns of a double-dip recession in Europe pushed the index down 6.4% on the week.
  • 2:56 PM » Fed's Bullard still wants to raise rates off zero
    Published Fri, Aug 21 2015 2:56 PM by Market Watch
    WASHINGTON (MarketWatch) - St. Louis Fed President James Bullard, a strong advocate of raising short-term rates at the Fed's September meeting, stuck to his guns Friday and argued the U.S. central bank needs to hike interest rates. In an interview on Sirius XM, Bullard said he disagreed with the market's gloomy outlook for the global economy and was upbeat about the outlook for the U.S. economy. He said the unemployment rate would drop to the 4% range over the next two years and said he was confident inflation was likely to return to the central bank's 2% target. Several alternate measures of inflation are closer to the target than the Fed's favorite inflation measure, he noted.
  • 1:34 PM » Fear gauge soars to 2015 high
    Published Fri, Aug 21 2015 1:34 PM by CNBC
    The VIX is set to log its biggest monthly jump in history.
  • 1:33 PM » Oil sinks to $40, logs longest weekly losing streak in 29 years
    Published Fri, Aug 21 2015 1:33 PM by Reuters
    NEW YORK (Reuters) - U.S. oil prices dived again on Friday, threatening to dip below $40 a barrel for the first time since the financial crisis and notching their longest weekly losing streak since 1986, as a drop in Chinese manufacturing rattled global markets.
  • 1:30 PM » Treasury's Lew warns China that U.S. is watching China currency regime 'closely'
    Published Fri, Aug 21 2015 1:30 PM by Market Watch
    Treasury Secretary Jacob Lew on Friday spoke with China's Vice Premier Wang Yang and told him the Obama Administration is watching closely how China implements its new foreign exchange regime, a Treasury spokesperson said Friday. In the phone call, Lew said it was critical that China continue with reforms designed to move toward an economy driven by household consumption rather than exports. China has said its recent devaluation was a step toward a more flexible currency but many observers said this justification masked a desire by the Chinese government to boost its sagging export sector. Lew and Wang also discussed the upcoming visit by Chinese President Xi Jinping to Washington in September. Lew said the visit "will be an important opportunity to make progress on issues vial to our economic relationship."
  • 11:47 AM » The Fed: September Fed-hike bets dropping like a stone
    Published Fri, Aug 21 2015 11:47 AM by Market Watch
    Investor expectation of a September rate hike are dropping like a stone. Some economists agree.
  • 11:47 AM » Factory activity slows in August: Markit
    Published Fri, Aug 21 2015 11:47 AM by Reuters
    NEW YORK, (Reuters) - Growth in the U.S. manufacturing sector slowed to its weakest pace in almost two years in August, according to an industry report released on Friday.
  • 11:46 AM » China fears and global growth doubts grip markets
    Published Fri, Aug 21 2015 11:46 AM by Reuters
    MADRID (Reuters) - Markets will be watching for China's next move as signs of a slowdown in the world's second-largest economy stack up, raising expectations it will act to stoke growth.
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