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Realtor.com Reports Weekly Active Inventory Up 45% Year-over-year; New Listings Down 18%

Calculated Risk

Fewer newly listed homes would normally cause a decline in inventory, but buyers have retreated from the housing market as higher and more uncertain costs make it difficult to ascertain purchasing power and set a budget. • New listings–a measure of sellers putting homes up for sale–were again down, dropping 18% from one year ago.

Sales 362
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NAR: Pending Home Sales Decrease 7.1% in August; Down 18.7% Year-over-year

Calculated Risk

From the NAR: Pending Home Sales Tumbled 7.1% in August Pending home sales slid 7.1% Some would-be home buyers are taking a pause and readjusting their expectations about the location and type of home to better fit their budgets." in August , according to the National Association of REALTORS®. All four U.S. in August to 56.3,

Sales 211
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Q3 GDP Tracking: Over 3%

Calculated Risk

Next week, August CPI, retail sales, PPI, import and export prices, industrial production and monthly budget statement will affect our GDP tracking [Sept 8th estimate] emphasis added From Goldman: July goods exports were stronger than our previous assumption, and we boosted our Q3 GDP tracking estimate by 0.2pp to +3.1% (qoq ar).

Budgeting 311
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Collapse in Prospective Home Buyer Traffic

The Big Picture

We have discussed in the past why the actual purchase price of a home matters less than the monthly carrying costs: The sale price is somewhat abstract while homeowners must pay their monthly mortgage, utilities, HOA, and taxes. The post Collapse in Prospective Home Buyer Traffic appeared first on The Big Picture.

Budgeting 363
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Empowering Employee Advisors Who Struggle With Business Development By Narrowing Them Into A Niche

Nerd's Eye View

Rarely do they enter the field to be in a sales or marketing role. Which means that to ensure sustained organic growth, it's important for the next generation of advisors within a firm to develop proactive sales and marketing skills to sustain ongoing growth.

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Tuesday links: higher rates as competition

Abnormal Returns

wsj.com) High real yields are hurting the Federal budget deficit. morningstar.com) Economy Heavy truck sales are still expanding. Rates How an inverted yield curve affects stock and bond market returns. mrzepczynski.blogspot.com) Utility stocks are battling higher fixed income yields. ft.com) Soft landings are a rarity.

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Budgeting With An Irregular Income: 5 Success Tips

Clever Girl Finance

Whether you’re working for yourself or have an irregular job schedule, budgeting on an irregular income can be tough. But creating a budget for this type of income is easy to learn! Table of contents Budgeting when you have an irregular income 1. Create your baseline budget 2. Can you budget with an irregular income?