Calculated Risk
OCTOBER 20, 2022
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released today from Chief Economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Oct 15, 2022. Note: They have data on list prices, new listings and more, but this focus is on inventory. • Active inventory continued to grow, increasing 34% above one year ago.
The Big Picture
OCTOBER 18, 2022
At the beginning of each quarter, I prepare a short but in-depth conference call for RWM clients. The team & I put together the most revealing and informative slides. In that half hour, I blow through ~40 slides that capture and explain what is going on. About a quarter of the October 2022 slides were focused on real estate. This is atypical. The reason we emphasized real estate this Q is that housing is very often where we see FOMC policy having its most immediate effect.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Wealth Management
OCTOBER 18, 2022
Once a niche play, DSTs have drawn the interest of institutional-grade sponsors to offer as an option to retail investors managing their real estate plays.
The Reformed Broker
OCTOBER 15, 2022
Hey guys, didn’t get a chance to do any writing this week but we did two really good shows on the YouTube / podcast front I wanted to make sure you don’t miss… And if you haven’t subscribed yet, don’t wait. Check it out below or wherever fine podcasts are played. . The post This Week on TRB appeared first on The Reformed Broker.
Advertisement
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
Calculated Risk
OCTOBER 17, 2022
Active inventory increased again, hitting a new peak for the year. Here are the same week inventory changes for the last four years ( usually inventory is declining at this time of year ): 2022: +5.0K 2021: -2.4K 2020: -0.9K 2019: -10.9K Inventory bottomed seasonally at the beginning of March 2022 and is now up 135% since then. Altos reports inventory is up 33.7% year-over-year.
The Big Picture
OCTOBER 16, 2022
This is pretty mind-blowing: a podcast that is entirely generated by artificial intelligence where Joe Rogan interviews Steve Jobs. One of the most important women in Apple’s history never worked for Apple Margot Comstock took her winnings from a TV game show and bought a computer. It led to a magazine, which turned into a major hub for the nascent community of developers and fans of one of the most important computers in history.
Financial Advisor Source brings together the best content for financial advisor professionals from the widest variety of industry thought leaders.
Abnormal Returns
OCTOBER 21, 2022
Finance Per AngelList, the Q3 drop in venture activity was substantial. (angellist.com) Questions keep getting raised about TikTok's data practices. (forbes.com) Fidelity is not abandoning crypto. (bloomberg.com) InstaCart has paused its IPO. (axios.com) Global Why isn't Japan raising rates? (nytimes.com) The backlog of container ships off the coast of Southern California is effectively gone.
Calculated Risk
OCTOBER 18, 2022
From the Fed: Industrial Production and Capacity Utilization Industrial production increased 0.4 percent in September and 2.9 percent at an annual rate in the third quarter. In September, manufacturing output rose 0.4 percent after advancing a similar amount in the previous month. The index for mining moved up 0.6 percent, and the index for utilities fell 0.3 percent.
The Big Picture
OCTOBER 20, 2022
Which cities have the greatest housing bubble risk? That is the basis of this very interesting graphic from UBS. The full PDF is well worth your time to peruse through – you can find it here: UBS Global Real Estate Bubble Index. Source : UBS Global Real Estate Bubble Index 2022. The post Global Real Estate Bubble Index appeared first on The Big Picture.
Wealth Management
OCTOBER 16, 2022
Which U.S. cities have ramped up their new apartment deliveries over the past few years?
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.
Abnormal Returns
OCTOBER 18, 2022
Research Are index funds to blame for the lack of investment in oil and gas production? (ft.com) On the relationship between asset growth and lottery stock status. (alphaarchitect.com) The problem with growth: persistence is fleeting. (mailchi.mp) Why companies see a jump in their stock price when they hire a black CEO. (wapo.st) Is democracy good for the stock market?
Calculated Risk
OCTOBER 19, 2022
From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 4.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 14, 2022. The Refinance Index decreased 7 percent from the previous week and was 86 percent lower than the same week one year ago.
The Big Picture
OCTOBER 17, 2022
US equity markets are off about 25% YTD; Tech-heavy Nasdaq is off 32%; But the poster child for the past few years has been Tesla (TSLA), which is down 38.5% YTD and is 46.9% off of its 2021 highs. From a fundamental perspective, Tesla is doing quite well: In the third quarter, Tesla sold a record 343,000 vehicles. They also have an advantage over traditional automakers: An ability to quickly reprogram the firmware of chips.
Wealth Management
OCTOBER 19, 2022
Office sales trend down as investors confront rising cost of capital, fears of recession and lackluster leasing trends
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.
Nerd's Eye View
OCTOBER 20, 2022
In recent years, politically charged topics have become the forefront of news and media, and with the rise of access to digitally distributed media, it has become commonplace for clients to have concerns about the possible impact of political events on their portfolios. These concerns have compelled many clients to reach out to their advisors, urging them to make changes in response to the political environment.
Calculated Risk
OCTOBER 20, 2022
The DOL reported : In the week ending October 15, the advance figure for seasonally adjusted initial claims was 214,000 , a decrease of 12,000 from the previous week's revised level. The previous week's level was revised down by 2,000 from 228,000 to 226,000. The 4-week moving average was 212,250, an increase of 1,250 from the previous week's revised average.
The Big Picture
OCTOBER 21, 2022
Why are markets rallying and/or falling every other day? They make gains only to give them back, or they sell off hard only to subsequently regain the losses. I suspect it is because the dispersion of likely future outcomes is so unusually wide. Meaning, what investors imagine as the most likely outcomes are all over the map. Perhaps a weather analogy may help explain : Since its October, let’s imagine a typical weather report: 80% chance of sunshine, with a slight chance of showers overni
Wealth Management
OCTOBER 19, 2022
The IRS say, "no.
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.
Nerd's Eye View
OCTOBER 17, 2022
After more than 2 years of ongoing disruptions, from the original COVID-19 outbreak, to wave after wave of variants as the pandemic rolled on, 2022 proved to be the year that advisor conferences were “back”, as events ceased canceling or rescheduling in response to new variants and powered forward… often with virtual options for those who still felt uncomfortable traveling, but with most events actually reaching or even exceeding their pre-pandemic highs as advisors showed that
Calculated Risk
OCTOBER 18, 2022
The National Association of Home Builders (NAHB) reported the housing market index (HMI) was at 38, down from 46 in September. Any number below 50 indicates that more builders view sales conditions as poor than good. From the NAHB: Builder Confidence Down 10 Straight Months as Housing Market Continues to Weaken In a further signal that rising interest rates, building material bottlenecks and elevated home prices continue to weaken the housing market, builder sentiment fell for the 10th straight
The Big Picture
OCTOBER 15, 2022
This week, we speak with Thomas Rampulla, managing director of Vanguard’s Financial Advisor Services. The division provides investments, services, education and research to more than 1,000 financial advisory firms representing more than $3 trillion in assets. Rampulla has held a variety of management positions at Vanguard since he joined in 1988.
Wealth Management
OCTOBER 21, 2022
The most promising growth opportunities are not outside the doors of an advisory firm, but inside, said industry executives, speaking at Riskalyze’s Fearless Investing Summit this week.
Advertisement
Based off SkyStem's popular e-Book, the book of secrets to the month-end close will be revealed in this one-hour webinar. Learn leading practices when it comes to building a strong and sustainable month-end close that has room to grow and evolve. Learn about the power of precise estimates, why reconciliations are critical to closing the books, how and when to automate, and how the chart of accounts play into your close process.
Abnormal Returns
OCTOBER 20, 2022
Strategy Diversifiers don't always work. (rogersplanning.blogspot.com) Another example of why running money is difficult. (ft.com) Crypto The vast majority of El Salvador thinks its Bitcoin experiment was a mistake. (barrons.com) IPOs Aside from Airbnb ($ABNB), gig economy stocks have been a disaster. (oversharing.substack.com) Newly public real estate startups have been a disaster as well.
Calculated Risk
OCTOBER 19, 2022
From the Census Bureau: Permits, Starts and Completions Housing Starts: Privately?owned housing starts in September were at a seasonally adjusted annual rate of 1,439,000. This is 8.1 percent below the revised August estimate of 1,566,000 and is 7.7 percent below the September 2021 rate of 1,559,000. Single?family housing starts in September were at a rate of 892,000; this is 4.7 percent below the revised August figure of 936,000.
The Big Picture
OCTOBER 15, 2022
The weekend is here! Pour yourself a mug of Bean Box coffee, grab a seat by the lake, and get ready for our longer-form weekend reads: • The Rise and Fall of Bitcoin Culture: Crypto’s first token created a culture and then a monster. ( CoinDesk ). • The computer errors from outer space : The Earth is subjected to a hail of subatomic particles from the Sun and beyond our solar system which could be the cause of glitches that afflict our phones and computers.
Wealth Management
OCTOBER 21, 2022
The big players in RIA M&A may be putting on a good face. But debt-heavy acquirers are starting to feel the impacts of the market environment, and it isn’t pretty.
Advertisement
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?
Abnormal Returns
OCTOBER 20, 2022
Business Why Mark Cuban teamed up with Alex Oshmyansky to try to disrupt the pharmaceutical industry. (dmagazine.com) Apartment property management companies are increasingly using YieldStar software to set rents. (propublica.org) How TikTok came to rule the Internet. (wapo.st) How the TMZ model works. (trungphan.substack.com) Society Like it or not, West Virginia's future is in being able to move beyond coal.
Calculated Risk
OCTOBER 16, 2022
Today, in the Calculated Risk Real Estate Newsletter: Monthly Mortgage Payments Up Record Year-over-year Excerpt: The following graph shows the year-over-year change in principal & interest (P&I) assuming a fixed loan amount since 1977. Currently P&I is up about 59% year-over-year for a fixed amount (this doesn’t take into account the change in house prices).
The Big Picture
OCTOBER 21, 2022
My end-of-week morning train WFH reads: • Coming Soon on Netflix: A New Netflix. Netflix changed the entertainment industry forever. Can the company change itself now that it finally faces some real streaming competition? ( Businessweek ). • Bullard Becomes Wall Street’s Go-To Guy for Hint of a Fed Pivot St. Louis Fed boss, a leading hawk now, hasn’t always been one In interview he cites Volcker influence, bike-inflation shock. ( Bloomberg ) see also Why I fear the Fed may be overdoing it : The
Wealth Management
OCTOBER 18, 2022
The city of Chicago owns some 10,000 vacant lots, with a large concentration in economically-challenged neighborhoods that have experienced decades of underinvestment. Selling them could help reduce overall crime. It could also boost affordable housing development.
Speaker: Aaron Berson
Managing spend is more than a cost cutting exercise – it's a pathway to smarter decisions that unlock efficiency and drive growth. By understanding and refining the spending process, financial leaders can empower their organizations to achieve more with less. Explore the art of balancing financial control with operational growth. From uncovering hidden inefficiencies to designing workflows that scale your business, we’ll share strategies to align your organization’s spending with its strategic g
Expert insights. Personalized for you.
363 
Let's personalize your content