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  • Mon, Apr 16 2018
  • 4:12 PM » Sacramento Housing in March: Sales Decrease Slightly YoY, Active Inventory up 19% YoY
    Published Mon, Apr 16 2018 4:12 PM by Calculated Risk Blog
    From SacRealtor.org: Spring Surge: sales volume, median sales price increase for the month March ended with 1,395 sales, marking a 23.3% increase from the 1,131 sales of February. Compared with one year ago (1,407), however, the current figure is a .9% decrease. Of the 1,395 sales this month, 192 (13.8%) cash financing, 809 (58%) used conventional, 249 (17.8%) used FHA, 89 (6.4%) used VA and 56 (4%) used Other types of financing. Active Listing Inventory increased 5.4% from 1,724 to 1,817. The Months of Inventory, however, decreased from 1.5 to 1.3 Months. A year ago the Months of inventory was 1.1 and Active Listing Inventory stood at 1,525 listings ( 19.1% below the current figure ). The Average DOM (days on market) dropped from 31 to 25 month to month and the Median DOM dropped from 13 to 11. "Days on market" represents the days between the initial listing of the home as "active" and the day it goes "pending." 75% of all homes sold this month (1,046) were on the market for 30 days or less and 87.5% (1,222) of all homes sold in 60 days or less. Compare this to March 2014 where 79.1% of all homes sold (1,075) sold in 60 days or less. emphasis added CR Note: Inventory is still low, but now increasing year-over-year in Sacramento. The statistics for March are here .
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 4:12 PM » Cities With the Worst Rent: Is This How Much You're Coughing Up?
    Published Mon, Apr 16 2018 4:12 PM by www.realtor.com
    Los Angeles has the worst rent, according to new analysis by Forbes on the Worst Cities for Renters In 2018. Here's more on why. The post Cities With the Worst Rent: Is This How Much You’re Coughing Up? appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 2:35 PM » Fed's Kaplan says he has no problem with being 'restrictive'
    Published Mon, Apr 16 2018 2:35 PM by Reuters
    (Reuters) - Dallas Federal Reserve Bank President Robert Kaplan on Monday said he expects the U.S. central bank to raise interest rates three times this year and further next year to levels that could put the brakes on U.S. economic growth, but that he does not want to push short-term rates above long-term borrowing costs.
  • 2:34 PM » Homebuilding Isn't Keeping Up With Growth, Development Group Says
    Published Mon, Apr 16 2018 2:34 PM by www.realtor.com
    America's housing shortage is more wide-ranging than cloistered coastal markets, stretching from pricey locales such as California and Massachusetts to more surprising places, such as Arizona and Utah. The post Homebuilding Isn't Keeping Up With Growth, Development Group Says appeared first on Real Estate News & Insights | realtor.com® .
    Click Here to Read the Full Article

    Source: www.realtor.com
  • 1:05 PM » Earlier from the NY Fed: Manufacturing "Business activity grew at a solid clip in New York State"
    Published Mon, Apr 16 2018 1:05 PM by Calculated Risk Blog
    Earlier for the NY Fed: Empire State Manufacturing Survey Business activity grew at a solid clip in New York State, according to firms responding to the April 2018 Empire State Manufacturing Survey. The headline general business conditions index, at 15.8, remained firmly in positive territory, although its seven-point decline from its March level pointed to a somewhat slower pace of growth . Similarly, the new orders index and the shipments index suggested ongoing, albeit more measured, growth, with the first index falling eight points to 9.0 and the second declining ten points to 17.5. Delivery times continued to lengthen, and inventories moved higher. Labor market indicators pointed to a small increase in employment and significantly longer workweeks. emphasis added This was below the consensus forecast, but still a solid reading.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 12:24 PM » California's Housing Crisis: Working But On The Brink Of Homelessness
    Published Mon, Apr 16 2018 12:24 PM by www.npr.org
    In expensive West Coast cities like Los Angeles, there's a growing number of working people living on the margins - one crisis away from living on the streets due to soaring rents and housing prices.
  • 11:21 AM » Fed's Dudley: More than four interest rate hikes unlikely this year
    Published Mon, Apr 16 2018 11:21 AM by CNBC
    The Federal Reserve remains on track to raise interest rates three or four times in 2018, but any more than that would be unlikely, New York Fed President William Dudley said Monday. "As long as inflation is relatively low, the Fed is going to be gradual," Dudley told CNBC.
  • 10:40 AM » Another Top-10 List — States with the Greatest (and Least) Increase in Personal Income from 2016 to 2017
    Published Mon, Apr 16 2018 10:40 AM by blog.stewart.com
    Given a growing population, it is critically important to increase the number of jobs each year (in which the U.S. has increased the total number of jobs by 1.55 percent in the 12-months ending March 2018). Always key, however, given the current inflationary pressure is to grow personal income. Which states have the best personal … Read more
    Click Here to Read the Full Article

    Source: blog.stewart.com
  • 9:21 AM » Retail Sales increased 0.6% in March
    Published Mon, Apr 16 2018 9:21 AM by Calculated Risk Blog
    On a monthly basis, retail sales increased 0.6 percent from February to March (seasonally adjusted), and sales were up 4.5 percent from March 2017. From the Census Bureau report : Advance estimates of U.S. retail and food services sales for March 2018, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $494.6 billion, an increase of 0.6 percent from the previous month, and 4.5 percent above March 2017. ... The January 2018 to February 2018 percent change was unrevised from down 0.1 percent. Click on graph for larger image. This graph shows retail sales since 1992. This is monthly retail sales and food service, seasonally adjusted (total and ex-gasoline). Retail sales ex-gasoline were up 0.6% in March. The second graph shows the year-over-year change in retail sales and food service (ex-gasoline) since 1993. Retail and Food service sales, ex-gasoline, increased by 4.2% on a YoY basis. The increase in March was above expectations, however sales in January and February were revised down slightly.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:28 AM » What to Expect From Retail Sales After the Trump Tax Cuts
    Published Mon, Apr 16 2018 8:28 AM by Bloomberg
    Bloomberg What to Expect From Retail Sales After the Trump Tax Cuts Bloomberg Tax cuts have given a boost to Americans' take-home pay this year. The question hanging over the U.S. economy is whether they are putting the extra cash toward savings and debt, or using it to go shopping. Retail-sales data due Monday from the Commerce ... and more »
  • 8:28 AM » BofA profit beats estimates on higher interest rates, loan growth
    Published Mon, Apr 16 2018 8:28 AM by Reuters
    (Reuters) - Bank of America reported a 34 percent rise in first-quarter profit on Monday, topping Wall Street estimates, as the bank benefited from higher interest rates and growth in loans and deposits.
  • 8:25 AM » America's most popular investment vehicle has its work cut out for it this year
    Published Mon, Apr 16 2018 8:25 AM by CNBC
    The growing popularity of bond funds for investors is due to the simple fact that they are the simplest, cheapest way for investors to buy a diversified basket of bonds.
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