Stock

Wednesday: FOMC Announcement, Housing Starts

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Housing Starts for August. The consensus is for 1.250 million SAAR, up from 1.191 million SAAR. • During the day: The AIA’s Architecture Billings Index for July (a leading indicator for […]

Stock

Lawler: Early Read on Existing Home Sales in August

From housing economist Tom Lawler: Early Read on Existing Home Sales in August Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.42 million in August, unchanged from July’s preliminary […]

Investing

Taking a low volatility approach to uncertain markets

After experiencing uncharacteristically low volatility in equity markets for a number of years, investors have felt the uptick in volatility more recently. The CBOE Volatility Index (VIX) is an indicator of the market’s expectation of the S&P 500’s near-term volatility. Typically, higher values are associated with increased levels of market volatility. Since 2012, the closing […]

Stock

CAR on California: “Low interest rates boost California housing market”

The CAR reported: Low interest rates boost California housing market as median home price sets another record, C.A.R. reports The lowest mortgage interest rates in nearly three years helped jump start California’s housing market to post the first year-over-year sales gain and highest sales level in 15 months, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said […]

Wealth

Open an RESP, we’ll plant a tree

With the kids back in school, it’s a great time to think about your child’s lifelong learning journey. This year, you have one more reason to start investing for their education. WealthBar has partnered with Tree Canada. For every new funded RESP account, we’ll plant a tree in your child’s honour. Tree Canada helps bring […]

Stock

Industrial Production Increased in August

From the Fed: Industrial Production and Capacity Utilization Industrial production rose 0.6 percent in August after declining 0.1 percent in July. Manufacturing production increased 0.5 percent, more than reversing its decrease in July. Factory output has increased 0.2 percent per month over the past four months after having decreased 0.5 percent per month during the […]

Real Estate

Home Prices Increase in Every Price Range

CoreLogic’s Home Price Index (HPI) Report revealed, “National home prices increased 3.6% year over year in July 2019 and are forecast to increase 5.4% from July 2019 to July 2020.” They also analyzed four individual home-price tiers, showing the increase in each. Here’s the breakdown: To clarify the methodology, CoreLogic explains, “The four price tiers […]

Stock

The attractions–and the limits–of fiscal policy

Fiscal policy can do more heavy lifting when monetary policy alone is no longer enough. Even without any coordination, governments have room to borrow and invest more – especially in a low interest rate environment – to effectively stir activity. We have argued that there has not been enough government spending globally on infrastructure, education, […]