Advisor Perspectives

DECEMBER 26, 2023

Home prices in the US rose for a ninth straight month, reaching a fresh record as buyers battled for a stubbornly tight supply of listings.

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Advisor Perspectives

JUNE 22, 2023

Sales of previously owned US homes barely rose in May as high mortgage rates continued to crimp demand and discourage owners from listing their properties.

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Sales 52

Advisor Perspectives

JUNE 12, 2023

When it comes to their equity portfolios, US investors have historically exhibited a high degree of home-country bias. But in today’s fast-changing global market landscape, they may find that there are good reasons to rethink regional allocations to stocks.

Portfolio 52

Portfolio Marketing Marketing 52

Advisor Perspectives

APRIL 11, 2024

If the rising price of homeowners insurance were factored into the US Consumer Price Index — a key metric of inflation — it could have added 80 basis points, or about 0.8%, to last year’s CPI increase of 3.4%, according to an analysis from Bloomberg Intelligence.

Insurance 74

Insurance 74

Advisor Perspectives

DECEMBER 23, 2022

Sales of previously owned US homes fell for a 10th-straight month in November, extending a record decline as high mortgage rates continue to stifle affordability.

Sales 52

Sales 52

Advisor Perspectives

FEBRUARY 27, 2023

US pending home sales rose by the most since June 2020, potentially a temporary reprieve as lower mortgage rates in the month helped prop up demand.

Sales 40

Sales 40

Calculated Risk

FEBRUARY 6, 2024

From CoreLogic: Job Growth Continues to Drive Annual Home Price Gains in December, CoreLogic Reports • Annual U.S. home price growth was 5.5% home prices have recorded annual gains since early 2012. • In 2023, the average CoreLogic Home Price Index gain was 3.9%, down from 14.5% Year-over-year U.S. emphasis added

Marketing 72

Marketing Marketing 72

The Big Picture

OCTOBER 18, 2022

Nowhere is this easier to see than in mortgage rates and their impact on home purchases. The caveat these days is that a wicked combination of events — falling new home construction post-GFC, the pandemic purchase spree, and the low available inventory have made it more difficult to read into the usual home data.

Budgeting 363

Budgeting Economy Taxes Economics 363

oXYGen Financial

JANUARY 28, 2024

Home prices have surged to an average of $382,000, ]] [CDATA[ In 1975, the real estate landscape was vastly different than in present times. A house, priced at $36,500, was considered a substantial investment, and an ounce of gold was a mere $145. Fast forward to 2024, and we witness a staggering transformation.

Investing 52

Investing Investments 52

The Big Picture

FEBRUARY 17, 2024

Business Insider ) • Office Towers Reshaped US Skylines. Wired ) • Realtor Commissions Are Still a Hefty Part of Home Sales. Wired ) • Realtor Commissions Are Still a Hefty Part of Home Sales. Despite years of technology disruption, home commissions remain stuck near 6%. Now Construction Cranes Are Vanishing.

Commission 158

Commission Food Banking Management 158

Abnormal Returns

MARCH 13, 2024

Crypto Travis Kling, "The evidence for the rise of Financial Nihilism is all around us." disciplinefunds.com) Earlier on Abnormal Return Personal finance links: a shared home. epsilontheory.com) How much is Bitcoin worth? Nobody really knows. wired.com) The spot Bitcoin ETF fee war is here.

Financial Advising 289

Financial Advising Valuation Retail Media 289

Abnormal Returns

APRIL 12, 2024

theatlantic.com) Business Patrick O'Shaughnessy talks with Ken Langone about Home Depot and American capitalism. pushkin.fm) Sean Illing talks with Kieran Setiya author of "Life Is Hard: How Philosophy Can Help Us Find Our Way." (axios.com) You can now listen to Substack podcasts on Spotify ($SPOT). podcasts.apple.com)

Investing 226

Investing Investments Management 226

The Big Picture

OCTOBER 25, 2022

Eventually, we figured out that vaccines and masking could help us manage the worst of this. We fast-tracked vaccine approval and passed the largest fiscal stimulus in US history – 10% of GDP for CARES Act I. We rode out the pandemic at home, doing our best via Zoom and Teledoc, Pelotons and Netflix.

Government 275

Government Assets Retail Manufacturing 275

Abnormal Returns

SEPTEMBER 27, 2023

morningstar.com) Home ownership House ownership isn't for everyone. morningstar.com) Read the fine print when it comes to home energy rebates. ofdollarsanddata.com) What the 'Matthew effect' tells us about wealth. awealthofcommonsense.com) Why you should keep track of the tax basis of your house.

Estate Planning 264

Estate Planning Taxes Insurance Retirement 264

The Big Picture

APRIL 25, 2024

This brings us to State coincident indexes for the 50 states for March 2024: “Over the past three months, the indexes increased in 44 states, decreased in five states, and remained stable in one, for a three-month diffusion index of 78.” That consumer strength is — in BEA model-terms — a drag on GDP.

Economy 201

Economy Economics Banking Investing 201

The Big Picture

OCTOBER 6, 2022

. • The Climate Crisis Spells Big Business for Carbon Capture : At a recent expo in Houston, innovators claimed they can spare us a global catastrophe—and make billions in the process. What Do Dogs Know About Us? The firm is the largest developer of multifamily-homes in the United States. Texas Monthly ). Bloomberg ).

Accounting 273

Accounting Planning Marketing Marketing 273

The Big Picture

AUGUST 22, 2022

How the US Toppled the World’s Most Powerful Gold Trader : JPMorgan’s former gold boss was convicted last week. You Have No Idea How Good Mosquitoes Are at Smelling Us The insects have infinite backup plans for hunting us down. ( Axios ). • Bloomberg ). • Bloomberg ). • The Atlantic ). • Now they stand for steroids.

Food 290

Food Manufacturing Government Retirement 290

Abnormal Returns

SEPTEMBER 29, 2022

(peterlazaroff.com) Housing There is a lot about our financial lives we can't control, including home prices. awealthofcommonsense.com) The rising value of land is responsible for almost all of the surge in home values in recent decades. wsj.com) A study shows remote work drove some 60% of the run up in home prices.

Retirement 230

Retirement Financial Advisor Accounting Investing 230

Mish Talk

NOVEMBER 25, 2022

Demand Weakness Weighs On private sector business activity in November The S&P Global Flash US Composite PMI™ shows and escalation in private sector demand weakness. Key Findings Flash US PMI Composite Output Index at 46.3 Flash US Services Business Activity Index at 46.1 Flash US Manufacturing Output Index at 47.2

Economy 290

Economy Manufacturing Numbers Sales 290

Abnormal Returns

OCTOBER 25, 2023

(riabiz.com) What does the introduction of the gold ETF tell us about the prospects for Bitcoin? econbrowser.com) The new and existing home markets have diverged. blockworks.co) Economy Q3 GDP nowcasts still show robust growth. capitalspectator.com) A low consumer confidence index is not the same as a recession.

Portfolio 251

Portfolio Financial Advising Economy Media 251

The Big Picture

AUGUST 7, 2023

My back-to-work morning train WFH reads: • The Pandemic Small-Business Boom Is Fueling the US Economy : Startup registrations remain 42% ahead of 2019 levels, with growing numbers of companies founded by women and minorities. Barron’s ) • The US Housing Drought Is Ending. Bloomberg ) • What Does an Inverted Yield Curve Tell Us?

Economy 243

Economy Startup Food Numbers 243

The Big Picture

MAY 5, 2023

Wall Street Journal ) see also The 10 Greatest US Investors and the Virtues That Made Them : There can be few fields of human endeavor in which history counts for so little as in the world of finance. Finally, it would be dangerous to extrapolate the post-1990 outperformance of US equities, as it mainly reflects rising relative valuations.

Startup 359

Startup Wealth Management Assets Valuation 359

The Big Picture

JULY 12, 2023

Source: Reventure Let’s get to the caveats up front: Re:Ventures has been pretty bearish on housing the past few years, even forecasting a crash; their landing page claims “ The US Housing Market is in a record Bubble in 2023 ,” and this post “ 90% Chance: RECESSION in 2022? Heavy primary and second home demand.”

Sales 245

Sales Economy Taxes Marketing 245

Abnormal Returns

JANUARY 27, 2023

novelinvestor.com) The stock market is constantly providing us 'instant feedback' much to our detriment. cnbc.com) Zillow ($Z) has a new AI-powered way to search for homes. msn.com) Homebuilders have an oversupply of unsold new homes. (awealthofcommonsense.com) 2022 shows that every portfolio strategy comes under pressure.

Financial Advising 216

Financial Advising Distribution Valuation Media 216

The Big Picture

FEBRUARY 1, 2023

We are looking for client service associates who can help us continue to grow. We are hiring!

Distribution 235

Distribution Clients 235

The Big Picture

DECEMBER 27, 2023

That seems to be the consensus, but there are still tips and tricks to getting the biggest return for your home. They see their neighbor’s home selling for a lot more last year than this year. For the sale of your home. Tell us, what’s the state of the housing market today? Then rates spiked up.

Sales 140

Sales Numbers Marketing Marketing 140

The Big Picture

NOVEMBER 21, 2023

My Two-for-Tuesday morning train WFH reads: • The Share of Americans Who Are Mortgage-Free Is at an All-Time High : Almost 40% of US homeowners own their homes outright as of 2022—many of them baby boomers who refinanced when rates were low. Lots of baby boomers are going to sell their homes in the years ahead. Now Sell It.

Startup 246

Startup Commission Media Government 246

The Big Picture

FEBRUARY 16, 2023

Do you want to continue working from home? It’s far from ideal, but how else to make use of otherwise wasted time? At least until all those hours were reclaimed when we were forced to work from home. that even the best adaption strategies were still a workaround, second best to a more civilized use of precious time.

Management 291

Management Planning 291

The Big Picture

DECEMBER 5, 2022

Hawks, it’s time to join us in reality. Stay-At-Home Macro ) see also Meet the Man on a Mission to Expose Sneaky Price Increases : Edgar Dworsky has become the go-to expert on “shrinkflation,” when products or packaging are manipulated so people get less for their money. ( New York Times ). • Bloomberg ). • Barron’s ).

Commission 267

Commission Economy Banking Investing 267

Calculated Risk

MARCH 28, 2024

After the National Association of Realtors® (NAR) releases the monthly existing home sales report , I pick up additional local market data that is reported after the NAR. This gives us a sense of the current low level of sales and inventory, and also shows some significant regional differences.

Marketing 112

Marketing Marketing Sales 112

The Big Picture

NOVEMBER 27, 2023

Building More Housing Can Combat Rising Rents : To many people, new home construction is synonymous with gentrification. After it nearly blew up on him, he now emerges with closer ties to its leader, Sam Altman. ( WSJ ) • No, Really. But a new analysis reinforces how more supply drives down housing costs.

Advertising 246

Advertising Economy Media Government 246

The Big Picture

JULY 3, 2023

( Wall Street Journal ) • The multibillion-dollar lawsuits that could radically reshape how we buy and sell homes forever : As the money makes its way to all the players in the transaction, you may wonder: Why does it work this way? The post 10 Monday AM Reads appeared first on The Big Picture.

Recruitment 255

Recruitment Banking Consulting Economics 255

Calculated Risk

APRIL 24, 2024

Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in March A brief excerpt: After the National Association of Realtors® (NAR) releases the monthly existing home sales report , I pick up additional local market data that is reported after the NAR. This is the final look at local markets in March.

Marketing 61

Marketing Marketing Sales 61

Advisor Perspectives

APRIL 12, 2024

The US is somehow home to the most valuable electric vehicle producer in the world and, simultaneously, an also-ran in the race for EVs. How did that happen?

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52

Abnormal Returns

MARCH 19, 2023

axios.com) Work From Home Don't let work from home prevent you from being active. fivethirtyeight.com) The pandemic gave us all a taste of car-free streets. nytimes.com) Medicare Advantage plan decisions are being made using AI. (tomtunguz.com) Why Berkshire Hathaway's ($BRK.A) proxy statement is so short.

Financial Advising 210

Financial Advising Retail Media Economy 210

Calculated Risk

JUNE 8, 2023

From CoreLogic: CoreLogic: US Home Borrowers See First Annual Home Equity Losses Since 2012 in Q1 2023, but Overall Mortgage Performance Remains Strong CoreLogic®. homeowners with mortgages (which account for roughly 63% of all properties) saw home equity decrease by 0.7% million homes or 2.1% The average U.S.

Numbers 145

Numbers Distribution Accounting 145

Abnormal Returns

MAY 2, 2023

espn.com) Economy Frustrated homebuyers are flocking to the new home market. econbrowser.com) What the March JOLTS report tells us about the coming employment report. (theringer.com) What players think about MLB's new rules. wsj.com) Lower wage workers are holding their own in terms of real wages.

Financial Advising 236

Financial Advising Media Economy Accounting 236