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  • Thu, Oct 10 2019
  • 5:51 PM » U.S., China resume high-level trade talks as non-core concessions seen possible
    Published Thu, Oct 10 2019 5:51 PM by Reuters
    Top U.S. and Chinese negotiators met on Thursday for the first time since late July to try to ease a bitter 15-month trade war and business groups expressed optimism that they might be able to find enough common ground to delay a U.S. tariff hike scheduled for next week.
  • 5:50 PM » The Fed is on the hunt for a speechwriter for chair Powell
    Published Thu, Oct 10 2019 5:50 PM by CNBC
    The Federal Research is looking to hire a senior speechwriter for Chairman Jerome Powell.
  • 5:50 PM » Trump says China trade talks are going very well
    Published Thu, Oct 10 2019 5:50 PM by CNBC
    Trump says China trade talks are going very well<br/>https://www.cnbc.com/2019/10/10/trump-says-china-trade-talks-are-going-very-well.html
  • 2:35 PM » Real Rent Index Edges Up in September
    Published Thu, Oct 10 2019 2:35 PM by eyeonhousing.org
    In September, NAHB's Real Rent Index increased 0.2 percent over August's reading, after essentially no growth between June and August (Figure 1). Over the first nine months of 2019, the average monthly growth rate of the Real Rent Index was 0.13%, slightly higher than the average of 0.11% in 2018. NAHB constructs a "real" rent index to indicate whether inflation... Read More ›
    Click Here to Read the Full Article

    Source: eyeonhousing.org
  • 2:31 PM » Houston Real Estate in September: Sales up 9.5% YoY, Inventory Up 7%
    Published Thu, Oct 10 2019 2:31 PM by Calculated Risk Blog
    Another hot regional market in September. From the HAR: The Houston Housing Market Shows no Letup in September Houston home sales registered the seventh positive month of 2019 in September as consumers continued to take advantage of low mortgage interest rates, keeping a market that normally slows down this time of year buzzing. According to the latest monthly report from the Houston Association of Realtors (HAR), sales of single-family homes across the Houston area totaled 7,035 in September. That is up 9.5 percent year-over-year and marks the second largest one-month sales volume of the year. On a year-to-date basis, home sales are running 3.8 percent ahead of 2018's record volume. ... Buyers have had a more plentiful supply of homes from which to choose in 2019 compared to last year. In September, housing inventory edged up to a 4.1-months supply versus 4.0 months in September 2018. So far this year, the peak of inventory was reached in June and July when it registered a 4.3-months supply. "I cannot recall a fall in Houston when home sales and rentals were quite this brisk," said HAR Chair Shannon Cobb Evans with Better Homes and Gardens Real Estate Gary Greene. "Historically low interest rates and a strong overall local economy have drawn more buyers than usual to the market and kept Realtors like myself extremely busy. We remain on track for another record year." emphasis added Total active inventory was up 7.3% YoY to 44,172 properties from 41,174 properties in September 2018. Sales are on pace for a record year.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 2:31 PM » Exclusive: Wells Fargo beefs up mortgage division to cope with higher volumes
    Published Thu, Oct 10 2019 2:31 PM by Reuters
    Wells Fargo & Co is boosting its teams that process mortgage loans to prepare for higher mortgage volumes, changing course after it laid off about 1,000 employees https://www.reuters.com/article/us-wells-fargo-layoffs/wells-fargo-plans-1000-u-s-job-cuts-idUSKCN1NK2P7 in the division in 2018, according to a memo viewed by Reuters.
  • 1:14 PM » Irish PM says Brexit deal is possible by October 31
    Published Thu, Oct 10 2019 1:14 PM by Reuters
    Irish Prime Minister Leo Varadkar said on Thursday that a Brexit deal was possible by Oct. 31 after what he said was a very positive meeting with British Prime Minister Boris Johnson.
  • 1:01 PM » The salary you need to buy a house in 10 of the largest cities in the US
    Published Thu, Oct 10 2019 1:01 PM by CNBC
    A new report from HSH.com, a site that tracks mortgage rates, estimates the annual income needed to qualify for the median mortgage in the 50 largest metro areas in the U.S.
  • 11:55 AM » ECB's De Cos Defends Draghi Over Report QE Advice Ignored
    Published Thu, Oct 10 2019 11:55 AM by Bloomberg
    ECB's De Cos Defends Draghi Over Report QE Advice Ignored    Bloomberg
  • 11:15 AM » ECB Minutes Highlight Extent of the Rift
    Published Thu, Oct 10 2019 11:15 AM by think.ing.com
    ECB minutes highlight extent of the rift
    Click Here to Read the Full Article

    Source: think.ing.com
  • 11:03 AM » Federal Reserve Expected to Cut Two More Times, Citi's Rahbari Says
    Published Thu, Oct 10 2019 11:03 AM by Bloomberg
    Federal Reserve Expected to Cut Two More Times, Citi's Rahbari Says    Bloomberg
  • 10:09 AM » Chinese vice premier arrives at USTR offices for high-level trade talks
    Published Thu, Oct 10 2019 10:09 AM by Reuters
    U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer greeted Chinese Vice Premier Liu He on the steps of the USTR office on Thursday for the highest-level trade talks between the two countries since late July.
  • 9:45 AM » Cost of Living Adjustment increases 1.6% in 2020, Contribution Base increased to $137,700
    Published Thu, Oct 10 2019 9:45 AM by Calculated Risk Blog
    With the release of the CPI report this morning, we now know the Cost of Living Adjustment (COLA), and the contribution base for 2020. From Social Security: Social Security Announces 1.6 Percent Benefit Increase for 2020 Social Security and Supplemental Security Income (SSI) benefits for nearly 69 million Americans will increase 1.6 percent in 2020, the Social Security Administration announced today. The 1.6 percent cost-of-living adjustment (COLA) will begin with benefits payable to more than 63 million Social Security beneficiaries in January 2020. Increased payments to more than 8 million SSI beneficiaries will begin on December 31, 2019. (Note: some people receive both Social Security and SSI benefits). The Social Security Act ties the annual COLA to the increase in the Consumer Price Index as determined by the Department of Labor's Bureau of Labor Statistics. Some other adjustments that take effect in January of each year are based on the increase in average wages. Based on that increase, the maximum amount of earnings subject to the Social Security tax (taxable maximum) will increase to $137,700 from $132,900. Currently CPI-W is the index that is used to calculate the Cost-Of-Living Adjustments (COLA). Here is a discussion from Social Security on the current calculation (1.6% increase) and a list of previous Cost-of-Living Adjustments . The contribution and benefit base will be $137,700 in 2020. The National Average Wage Index increased to $52,145.80 in 2018, up 3.6% from $50,321.89 in 2017 (used to calculate contribution base).
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:36 AM » US consumer prices were unchanged in September, the weakest reading since January
    Published Thu, Oct 10 2019 8:36 AM by CNBC
    U.S. consumer prices were unchanged in September and underlying inflation retreated.
  • 8:04 AM » Fed Looked to Advance Discussion of Reserves Amid Repo Turmoil
    Published Thu, Oct 10 2019 8:04 AM by Bloomberg
    Fed Looked to Advance Discussion of Reserves Amid Repo Turmoil    Bloomberg
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