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percent) from 2023. The increase primarily occurred due to one-time events in 2023 and 2024 that led to lower noninterest expense (down $8.5 The increase primarily occurred due to one-time events in 2023 and 2024 that led to lower noninterest expense (down $8.5 percent, down 8 basis points from 2023. billion, up $14.1
Recently, a post utterly perplexed me: “One doesn’t get a favorable impression of crypto from Number Go Up but in fact one doesn’t learn much about crypto at all. Thus, I was entertained by Number Go Up , but didn’t learn much.” Because Number Go Up technology means it’s going higher! Jury is still out.
To prove their point, a number of friendly commentators, academics, and hired guns all wrote endless white papers, Op-Eds and commentaries. But they made one super-sized mistake: they cheated with the numbers. from last September [2023], when the state backed a deal for the increased wages.” Our story began with a Wall St.
From CoreLogic: CoreLogic: US Home Borrowers See First Annual Home Equity Losses Since 2012 in Q1 2023, but Overall Mortgage Performance Remains Strong CoreLogic®. today released the Homeowner Equity Report (HER) for the first quarter of 2023. In the first quarter of 2023, U.S. The report shows that U.S. The average U.S.
The median number of failures since the FDIC was established in 1933 was 7 - so 2 failures in 2024 was below the median. There were five bank failures in 2023, however 3 of the failures were larger banks: First Republic Bank, San Francisco, CA, Signature Bank, New York, NY, Silicon Valley Bank, Santa Clara, CA.
From the National Center for Health Statistics: Births: Provisional Data for 2023. The NCHS reports: The provisional number of births for the United States in 2023 was 3,591,328, down 2% from 2022. births per 1,000 women in 2023, a decline of 2% from 2022. births through 2023. The general fertility rate was 54.4
today released the Homeowner Equity Report (HER) for the second quarter of 2023. As of the second quarter of 2023, the quarterly and annual changes in negative equity were: Click on graph for larger image. emphasis added The above graph is from CoreLogic and compares Q2 2023 to Q1 2023 equity distribution by LTV. .
Today, in the CalculatedRisk Real Estate Newsletter: September Housing Starts: Near Record Number of Multi-Family Housing Units Under Construction Excerpt: The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red). Total starts were down 7.2% in September compared to September 2022.
Today, in the Calculated Risk Real Estate Newsletter: Single Family Starts Up Year-over-year in December; Near Record Number of Multi-Family Housing Units Under Construction A brief excerpt: The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red). And starts in 2023 were down 9.0%
homeowners with mortgages (which account for roughly 61% of all properties) saw home equity increase by about $4,100 between Q4 2023 and Q4 2024, which is less than the gain of $6,000 in Q3 2023. Quarter-over-quarter, the total number of mortgage residential properties with negative equity increased by 9.3%
Today, in the CalculatedRisk Real Estate Newsletter: October Housing Starts: Near Record Number of Multi-Family Housing Units Under Construction Excerpt: The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red). Total starts were down 4.2% in October compared to October 2022.
A quick note as the first half of 2023 draws to a close, shocking the locals with its intensity. 1 As of this moment, the indices stand appreciably higher than where they were on January 1, 2023: The NASDAQ 100 is up >38%, the S&P 500 is up ~15.5%, and the Russell 2000 small cap index is up almost 7%. What were their sources?
Note: The FDIC reports the dollar value and not the total number of REOs. The dollar value of 1-4 family residential Real Estate Owned (REOs, foreclosure houses) was increased 6% YOY from $747 million in Q4 2023 to $790 million in Q4 2024. This is still historically extremely low. There is much more in the article.
Today, in the CalculatedRisk Real Estate Newsletter: Single Family Starts Increase Sharply in November, Near Record Number of Multi-Family Housing Units Under Construction Excerpt: The third graph shows the month-to-month comparison for total starts between 2022 (blue) and 2023 (red). Total starts were up 9.3% compared to last year.
Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2023. What will the participation rate be in December 2023? We know population growth has been weak over the last several years, and that the baby boom generation is now retiring in large numbers. by 2031 due to demographics.
in November and December 2023. Important: There were the same number of working days in January 2025 (21) as compared to January 2024 (21). This was an increase from the average rate for homes that closed in November, but down from the average rate of 7.1% In January, sales in these markets were up 6.4%
The Census Bureau released the Residential Vacancies and Homeownership report for Q3 2023 today. This survey might show the trend, but I wouldn't rely on the absolute numbers. National vacancy rates in the third quarter 2023 were 6.6 percent) and higher than the rate in the second quarter 2023 (6.3 in Q3, from 65.9%
The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2023. This survey might show the trend, but I wouldn't rely on the absolute numbers. National vacancy rates in the first quarter 2023 were 6.4 The Census Bureau is scheduled to released 2020 decennial Census homeownership data on May 25th, 2023.
Real estate fundraising fell by 71% between the second and third quarters of 2023, according to numbers provided by research firm Preqin. Yahoo Finance looks at how much of a problem non-performing real estate loans are causing for regional banks. These are among today’s must reads from around the commercial real estate industry.
Today, in the CalculatedRisk Real Estate Newsletter: CoreLogic: US Home Investor Share Remained High in Early Summer 2023 Excerpt: Here are some excerpts from a CoreLogic report on investor buying: US Home Investor Share Remained High in Early Summer 2023 The sizable U.S. Figure 2 illustrates the number of U.S.
The Federal Reserve’s February 2023 Beige Book numbers show commercial real estate lending has remained stable. reported falling foot traffic at malls last month. These are among today’s must reads from around the commercial real estate industry.
The winter surge was much smaller in 2023 than for the previous two years, and hopefully cases, hospitalizations and deaths will continue to decline - and set new pandemic lows in a few months. Increasing number weekly for Cases, Hospitalized, and Deaths ✅ Goal met. This graph shows the weekly (columns) number of deaths reported.
For more details on Census updated NIM methodology, see Census Bureau Improves Methodology to Better Estimate Increase in Net International Migration Below are some tables comparing the Vintage 2024 population estimates with the Vintage 2023 population estimates.
The winter surge was much smaller in 2023 than for the previous two years, and hopefully cases, hospitalizations and deaths will set new pandemic lows soon. Increasing number weekly for Cases, Hospitalized, and Deaths ✅ Goal met. This graph shows the weekly (columns) number of deaths reported. Data is now weekly.
of serious delinquencies in May, up only marginally from April and still more than a full percentage point below the March 2020 rate at the start of the pandemic • The number of loans in active foreclosure improved by 4K during the month and is now down 41K (-15%) from March 2020, with foreclosure sales (completions) rising 5.5%
The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2023 today. This survey might show the trend, but I wouldn't rely on the absolute numbers. National vacancy rates in the second quarter 2023 were 6.3 percent) and not statistically different than the rate in the first quarter 2023 (6.4
million Total Housing Completions in 2023 including Manufactured Homes; Most Since 2007 Excerpt: Although total housing starts decreased 9.0% in 2023 compared to 2022, completions increased year-over-year. Construction delays impacted completions in 2023, and that left a near record number of housing units under construction.
Any number below 50 indicates that more builders view sales conditions as poor than good. -- Tuesday, April 18th -- 8:30 AM ET: Housing Starts for March. million SAAR for March. -- Friday, April 21st -- 10:00 AM: State Employment and Unemployment (Monthly) for March 2023 The consensus is for a reading of -18.0, up from -24.6.
The final revision will be published when the January 2023 employment report is released in February 2023. The final benchmark revision will be issued in February 2023 with the publication of the January 2023 Employment Situation news release. The number is then "wedged back" to the previous revision (March 2021).
Here is their weekly report released today from chief economist Danielle Hale: Weekly Housing Trends View — Data Week Ending Apr 15, 2023 • Active inventory growth continued to climb, with for-sale homes up 49% above one year ago.
Fannie Mae reported the number of REOs decreased to 7,791 at the end of Q1 2024, down 5% from 8,403 at the end of the previous quarter, and down 9% year-over-year from Q1 2023. For Fannie, this is down 95% from the 166,787 peak number of REOs in Q3 2010. Here is some information on single-family Real Estate Owned (REOs).
Here is their weekly report from economist Danielle Hale: Weekly Housing Trends View — Data Week Ending June 17, 2023 • Active inventory growth slowed again, with for-sale homes up just 5% above one year ago. The number of newly listed homes has been lower than the same time the previous year for the past 50 weeks.
Fannie reported results for Q1 2023. Fannie Mae reported the number of REOs increased to 8,780 at the end of Q1 2023, essentially unchanged from 8,779 in Q4 2022, and up 18% from 7,430 at the end of Q1 2022. For Fannie, this is down 95% from the 166,787 peak number of REOs in Q3 2010. Click on graph for larger image.
Fannie Mae reported the number of REOs decreased to 7,179 at the end of Q2 2024, down 10% from 7,971 at the end of the previous quarter, and down 17% year-over-year from Q2 2023. For Fannie, this is down 96% from the 166,787 peak number of REOs in Q3 2010. Here is some information on single-family Real Estate Owned (REOs).
The number of delinquent properties, but not in foreclosure, is down 289,000 properties year-over-year, and the number of properties in the foreclosure process is up 48,000 properties year-over-year. in January compared to December and decreased 15% year-over-year.
Welcome to the December 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
As 2023 comes to a close, I am once again so thankful to all of you, the ever-growing number of readers who continue to regularly visit this Nerd's Eye View Blog (and share the content with your friends and colleagues, which we greatly appreciate!). We recognize (and appreciate!)
Welcome to the June 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
Welcome to the October 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
Welcome to the September 2023 issue of the Latest News in Financial #AdvisorTech – where we look at the big news, announcements, and underlying trends and developments that are emerging in the world of technology solutions for financial advisors!
in June 2023 from June 2022 , their first decline in three months. Total carloads in 2023 through June (5.84 railroads originated an average of 247,192 containers and trailers per week in June 2023, the most since October 2022. railroads in June 2023 were down 0.2% Total carloads averaged 225,849 per week in June 2023.
This survey might show the trend, but I wouldn't rely on the absolute numbers. The rental vacancy rate was not statistically different from the rate in the third quarter 2023 (6.6 percent was higher than the rate in the third quarter 2023 (0.8 percent was higher than the rate in the third quarter 2023 (0.8
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