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  • Thu, May 13 2021
  • 3:04 PM » U.S. stocks rebound following rout, bond yields dip
    Published Thu, May 13 2021 3:04 PM by Reuters
    NEW YORK (Reuters) -U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields dipped, as investors snapped up technology stocks and shrugged off worries about rising prices, for now.
  • 1:22 PM » Sacramento Real Estate in April: Sales up 52% YoY, Active Inventory down 45% YoY
    Published Thu, May 13 2021 1:22 PM by Calculated Risk Blog
    Note: I'm tracking data for many local markets around the U.S. I think it is especially important to watch inventory this year.  Remember sales were weak in April 2020 due to the pandemic, so the YoY sales comparison is easy.  From County median sales price nears $490,000, sales volume up 19% April ended with 1,540 sales , up 19.2% from the 1,292 sales in March. Compared to one year ago (1,013), the current figure is up 52% . ... The Active Listing Inventory increased 9.6% from March to April, from 918 units to 1,006 units. Compared with April 2020 (1,823), inventory is down 44.8% . The Months of Inventory remained at .7 Months. ... The Median DOM (days on market) remained at 6 and the Average DOM decreased 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." Of the 1,540 sales this month, 93.4% (1,439) were on the market for 30 days or less and 97.2% (1,498) were on the market for 60 days or less. emphasis added Click on graph for larger image. This graph from the Sacramento Association of REALTORS® shows single family sales and inventory since March 2018. Usually inventory (red) was higher than sales (blue), but now there are more sales each month than inventory. Inventory declined sharply during the pandemic. Note that inventory in April was up 9.6% from last month.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 10:55 AM » Economist calls for calm on inflation talk: 'Everything ultimately will settle down'
    Published Thu, May 13 2021 10:55 AM by CNBC
    The concentration of price pressures in a handful of categories means markets shouldn't yet be worrying about inflation after Wednesday's U.S. surprise, economists have told CNBC.
  • 9:38 AM » Single-Family Home Prices Rose in 99% of Metro Areas in 2021 Q1
    Published Thu, May 13 2021 9:38 AM by
    The year started off with strong home price growth for the first quarter of 2021. Prices continued to rise, with 89% of the markets showing double-digit home price appreciation.
    Click Here to Read the Full Article

  • 9:16 AM » Top scientists question the need for COVID-19 booster shots
    Published Thu, May 13 2021 9:16 AM by Reuters
    (Reuters) -COVID-19 vaccine developers are making ever bolder assertions that the world will need yearly booster shots, or new vaccines to tackle concerning coronavirus variants, but some scientists question when, or whether, such shots will be needed.
  • 8:33 AM » Producer prices rose 0.6% in April from the previous month, hotter-than-expected
    Published Thu, May 13 2021 8:33 AM by CNBC
    Economists polled by FactSet are expecting a 0.3% increase in April for the PPI over the previous month.
  • 8:31 AM » Thursday: Unemployment Claims, PPI
    Published Thu, May 13 2021 8:31 AM by Calculated Risk Blog
    Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for a decrease to 480 thousand from 498 thousand last week. • Also at 8:30 AM, The Producer Price Index for April from the BLS. The consensus is for a 0.3% increase in PPI, and a 0.4% increase in core PPI.
    Click Here to Read the Full Article

    Source: Calculated Risk Blog
  • 8:04 AM » Treasury yields are flat ahead of more key inflation data
    Published Thu, May 13 2021 8:04 AM by CNBC
    U.S. Treasury yields were flat on Thursday morning ahead of more key inflation data.
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