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Fannie Mae's economists provided a mixed forecast this month. The baseline view of the company's Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers' services consumption in the near term and modestly worsen supply chain disruptions abroad, but they don't think it will prevent solid growth in the current quarter. They do note early signs of modest behavioral changes on the part of consumers and companies. For example, a high frequency measure of restaurant reservations has recently pulled back slightly, and several airlines are reporting an uptick in customer flight cancellations. The most recent measure of the University of Michigan Consumer Confidence survey also declined dramatically, suggesting the COVID upswing is weighing on sentiment
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Housing News
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Fannie Mae's economists provided a mixed forecast this month. The baseline view of the company's Economic and Strategic Research (ESR) group is for the recent virus surge to drag modestly on consumers' services consumption in the near term and modest... (read more) |
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Rob Chrisman
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Who wants to work on a Friday in summer? Not me! I was pleased to find the Type The Alphabet Game , which times you on how fast you type the alphabet. Fun, and doesn’t take much time. For something different, and some of you may need a tissue w... (read more) |
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Housing News
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The federal foreclosure moratoria expired at the end of July and, with some 1.45 million borrowers seriously delinquent on their mortgages but not in foreclosure, Black Knight says, "potential foreclosure activity in the coming months warrants close ... (read more) |
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