Mon.Aug 15, 2022

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Housing Inventory August 15th Update: Up 30.3% Year-over-year

Calculated Risk

Inventory is still increasing, but the inventory build has slowed somewhat over the last several weeks. Still, inventory is increasing faster than in 2019 at this time of year (both in percentage terms and in total inventory added). Here are the same week inventory changes for the last four years: 2022: +6.3K 2021: +10.4K 2020: -10.9K 2019: -0.1K Inventory bottomed seasonally at the beginning of March 2022 and is now up 128% since then.

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Countertrend ?

The Big Picture

One of my favorite ways to contextualize market trends is to divide long periods of time into secular bull and bear markets. When we look at the past century, we can see decades-long eras where the economy is generally robust, supporting markets trending higher, with expanding multiples. We call these eras Secular Bull Markets. The best examples are 1946-66, 1982-2000, and 2013 forward.

Economy 327
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How One Firm is Helping Institutional Investors Access Deals on Last-Mile Warehouses

Wealth Management

Faropoint, which was launched in Tel Aviv 10 years ago, is expanding into new markets in the U.S. and accessing new types of investors with its focus on smaller last-mile facilities in growing urban markets.

Marketing 246
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10 Monday AM Reads

The Big Picture

My back-to-work morning train WFH reads: • When is a Bear Market Over? Like many things in the market, there aren’t any hard and fast rules for this kind of thing, especially in real-time. Let’s look at the 2008 scenario as an example. The S&P 500 topped out in early October 2007 and bottomed in March 2009. On a price-only basis, the index didn’t reach those 2007 highs again until March 2013: ( Wealth of Common Sense ). • How Remote Work is Shifting Population Growth Across the U.S.

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2025 Industry Index: How Top Advisors Are Scaling Smarter (and Faster) This Year

Where are top advisors focusing in 2025? AcquireUp’s 2025 Industry Index reveals it all. Based on insights from 200+ financial professionals nationwide, discover why 74% say seminars and referrals deliver the best ROI, how automation is helping advisors scale faster, and why only 8% are tapping into niche marketing (a major growth opportunity!). Whether you're refining your client acquisition strategy or scaling your practice, this report gives you the real-world data, benchmarks, and action ste

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10 Must Reads for the CRE Industry Today (Aug. 15, 2022)

Wealth Management

The CDC’s relaxed guidelines on COVID could help spur more workers to return to offices, according to The Wall Street Journal. The CRE industry is largely dismissing rising anti-ESG rhetoric, reports Bisnow. These are among today’s must reads from around the commercial real estate industry.

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Four High Frequency Indicators for the Economy

Calculated Risk

These indicators are mostly for travel and entertainment. It is interesting to watch these sectors recover as the pandemic subsides. Notes: I've added back gasoline supplied to see if there is an impact from higher gasoline prices. -- Airlines: Transportation Security Administration -- The TSA is providing daily travel numbers. This data is as of August 14th.

Economy 245

More Trending

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Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. But while new fee models have allowed fee-only advisors to reach an expanding range of potential clients, there are many Americans who could benefit from professional financial advice but might not have sufficient income or asset

Clients 240
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Tax Planning in a Down Market with SMAs

Wealth Management

Some advisors who have built their practices on ETFs and mutual funds have never experienced a market correction like the one we are in now.

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NAHB: Builder Confidence Turns Slightly Negative in August

Calculated Risk

The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 49, down from 55 in July. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Underwater After Falling for Eighth Consecutive Month Builder confidence fell for the eighth straight month in August as elevated interest rates, ongoing supply chain problems and high home prices continue to exacerbate housing affordability challenges.

Sales 235
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Seven Must Reads for the CRE Industry Today (Aug. 16, 2022)

Wealth Management

Homebuilders are saying the single-family housing sector in the U.S. is falling into a “recession,” reports CNBC. Downtown restaurants are finding ways to succeed even amidst hybrid work schedules, according to The Wall Street Journal. These are among today’s must reads from around the commercial real estate industry.

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Data Talks, CFOs Listen: Why Analytics Are Key To Better Spend Management

Speaker: Claire Grosjean, Global Finance & Operations Executive

Finance teams are drowning in data—but is it actually helping them spend smarter? Without the right approach, excess spending, inefficiencies, and missed opportunities continue to drain profitability. While analytics offers powerful insights, financial intelligence requires more than just numbers—it takes the right blend of automation, strategy, and human expertise.

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Serving Pro Bono Clients As A Busy Advisor: How Advisers Give Back Makes Volunteering Easy

Nerd's Eye View

Working as a financial advisor can be both financially rewarding and emotionally satisfying. By helping clients develop financial goals, creating a financial plan, and supporting the implementation and monitoring of the plan, advisors help clients live their best lives. But while new fee models have allowed fee-only advisors to reach an expanding range of potential clients, there are many Americans who could benefit from professional financial advice but might not have sufficient income or asset

Clients 227
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The 60/40 Strategy Will Beat Inflation Eventually, Survey Shows

Wealth Management

Investors say sticking with the traditional investment mix should work, even as it’s currently generating losses.

Investing 245
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MBA Survey: "Share of Mortgage Loans in Forbearance Decreases to 0.74% in July"

Calculated Risk

Note: This is as of July 31st. From the MBA: Share of Mortgage Loans in Forbearance Decreases to 0.74% in July The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 0.81% of servicers’ portfolio volume in the prior month to 0.74% as of July 31, 2022.

Portfolio 223
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Utilities to Power Through a Recession

Wealth Management

Broad-based utility ETFs often look alike; factor exposures reveal real differences.

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What Your Financial Statements Are Telling You—And How to Listen!

Speaker: David Worrell, CFO, Author & Speaker

Your financial statements hold powerful insights—but are you truly paying attention? Many finance professionals focus on the income statement while overlooking key signals hidden in the balance sheet and cash flow statement. Understanding these numbers can unlock smarter decision-making, uncover risks, and drive long-term success. Join David Worrell, accomplished CFO, finance expert, and author, for an engaging, nontraditional take on reading financial statements.

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3rd Look at Local Housing Markets in July, Sales Down Sharply

Calculated Risk

Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in July, Sales Down Sharply A brief excerpt: The big story for July existing home sales is the sharp year-over-year (YoY) decline in sales. Another key story is that new listings are down YoY in July. Of course, active listings are up sharply. Last month, all local markets I track were down 15.9% YoY, NSA.

Sales 130
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Wells Fargo Plans Major Retreat From Mortgage Business It Long Dominated

Wealth Management

A debate inside Wells Fargo over what to do with the mortgage franchise has been heating up for months, with a consensus starting to take shape in recent weeks.

Planning 238
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Adviser links: better listening

Abnormal Returns

Podcasts Michael Kitces talks with Anna N’Jie-Konte who is the founder of Dare to Dream Financial Planning about leveraging her reach. (kitces.com) Daniel Crosby talks with Melina Palmer is founder and CEO of The Brainy Business, which provides behavioral economics consulting to businesses of all sizes from around the world. (standarddeviationspod.com) The biz Checking in on the state of the Schwab-TDA merger.

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When Top Advisors Leave Their Firms

Wealth Management

If changing firms made sense to these billion-dollar-plus advisors, what lessons can be learned by those who manage less but aspire for more?

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How to Avoid Pitfalls In Automation: Keep Humans In the Loop

Speaker: Erroll Amacker

Automation is transforming finance but without strong financial oversight it can introduce more risk than reward. From missed discrepancies to strained vendor relationships, accounts payable automation needs a human touch to deliver lasting value. This session is your playbook to get automation right. We’ll explore how to balance speed with control, boost decision-making through human-machine collaboration, and unlock ROI with fewer errors, stronger fraud prevention, and smoother operations.

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Monday links: after the fact

Abnormal Returns

Strategy Ben Carlson, "Here’s a little secret about investing the pros will never admit — you don’t have to predict the future to be successful in the markets." (awealthofcommonsense.com) Don Phillips, "When investors are pushed into activities they don’t fully understand, that are untested, or that exceed their risk capacities, very bad things follow.

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Sanctuary Wealth: The Power of Partnership

Wealth Management

Fueling entrepreneurial advisors with resources & autonomy

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Mining Credit Card Data for Stock Returns

Alpha Architect

Using a unique dataset of individual transactions-level data for a universe of U.S. consumer facing stocks, we examine the information content of consumer credit and debit card spending in explaining future stock returns. Our analysis shows that consumer spending data positively predict various measures of a company’s future earnings surprises up to three quarters in the future.

Portfolio 127
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Los Angeles Warehousing Mecca Halts Expansion Just as Needs Soar

Wealth Management

This week, the city council for Pomona is set to vote on extending a temporary halt on industrial developments to study the environmental impact, while the nearby city of Norco will decide whether to establish a 45-day moratorium.

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Book of Secrets on the Month-End Close

Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.

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Medicare Questions – Answering Clients’ Most FAQ

Nationwide Financial

Every day, around 10,000 members of the Baby Boomer Generation turn age 65, 1 which is generally the age they become eligible for Medicare. 2 Often, this is the first time that many Baby Boomers realize that decisions around Medicare aren’t just medical decisions; Medicare decisions also have significant financial implications. Once individuals come to this realization, they will turn to the financial professionals on whom they depend to help make sense of Medicare and in turn help them make fin

Clients 105
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11 Tips For How To Ace An Interview

Clever Girl Finance

Learning how to ace an interview is no simple task. It’s more than answering a few questions and showing up well-dressed. In order to ace an interview, you need preparation, strategy, and a little bit of charm. If you’ve got an interview that's lined up or just want to get ahead of the hiring process , here's how to ace a job interview! Days before the interview.

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Single-Stock ETF Craze Targets Once Inaccessible Non-US Shares

Wealth Management

Roundhill Financial Inc. is planning the TRAX Samsung Shares and TRAX Saudi Aramco Shares ETFs to correspond with the performance of Samsung and Saudi Aramco.

Planning 100
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12 Highly Liquid Investments To Have

Clever Girl Finance

On your road to building financial wealth and developing your financial wellness, one of the most important things to remember is to diversify, diversify, diversify. This includes broadening your investment portfolio to include highly liquid investments. Not sure where highly liquid investments have a place in your portfolio? Here’s your primer on the subject, along with some of your best options to consider to get started!

Investing 105
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Stop Falling Short When It Matters Most—The Elite Advisor’s Playbook to Success

Like being inches from the end zone, many advisors are frustratingly close to their next level of success. You work hard. You put in the hours. But if your closing rate is stuck or your pipeline feels like a revolving door… something has to change. Most advisors are just one small shift away from dramatically increasing their revenue. The difference?

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NAIFA Welcomes New Member Ryan Mulholland

NAIFA Advisor Today

When Ryan Mulholland was young, his father told him that he should sell insurance. But it would take years of hard work—and no small amount of serendipity—for him to begin his career as an insurance agent. Now in his second year as a State Farm agent, he loves his work because he helps protect families every day.

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A rowdy debate on if direct indexing is worth it or not. Should you be doing this for clients?

Sara Grillo

In this savage, take-no-prisoners debate, Igor Smolyanskiy, Michael Kotarinos, Scott Salaske and I debate whether or not direct indexing is worth it. Pull up a chair and get ready to rumble! But first! For those of you who are new to my blog, my name is Sara. I am a CFA® charterholder and financial advisor marketing consultant. I have a newsletter in which I talk about financial advisor lead generation topics which is best described as “fun and irreverent.

Clients 98
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5 Tips to Prepare For a Books and Records Request (Templates Included)

XY Planning Network

6.5 MIN READ. The notice for an upcoming regulatory examination. It’s the call that an advisor always dreads. It can evoke a certain amount of nerves on its own (especially if it’s your first time!) Double that stress if you are not well organized. Let’s dive into several ways to keep your compliance organized beyond the filing cabinet.

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Chanel Classic Flap Bag Sizes 101

Clever Girl Finance

This article on Chanel classic flap bag sizes contains affiliate links to Fashionphile, a brand we trust. If you make a purchase using this link we may earn a small commission. This helps us grow and keep our content free. Are you in the market for a spectacular Chanel classic flap bag? Deciding to purchase one is only the first step. Next, there's deciding which of the Chanel classic flap sizes to choose.

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Demo SkyStem’s Award Winning Month-End Close Solution & Earn $100

Is your finance team bogged down by endless data requests and disorganized spreadsheets during the month-end close? It’s time to consider a better option – automate with ART! SkyStem’s solution works alongside your ERP to transform the close and account reconciliation process and speed up month-end work. Explore SkyStem’s ART - the award-winning account reconciliation automation platform - and receive a $100 Amazon gift card as a thank you for your time.