Mortgage Equity Withdrawal Positive in Q2

Note: This is not Mortgage Equity Withdrawal (MEW) data from the Fed. The last MEW data from Fed economist Dr. Kennedy was for Q4 2008. The following data is calculated from the Fed’s Flow of Funds data (released last week) and the BEA supplement data on single family structure investment. This is an aggregate number, […]


Q3 GDP Forecasts: Around 2.0%

From Merrill Lynch: We expect 2Q GDP to be revised slightly higher to 2.1% qoq saar in the final release. 3Q GDP tracking remains at 2.0% qoq saar. [Sept 20 estimate]emphasis added From Goldman Sachs: [W]e left our Q3 GDP tracking estimate unchanged on a rounded basis at +2.2% (qoq ar). [Sept 19 estimate] From […]


BLS: August Unemployment rates at New Series Lows in Alabama, Alaska, Illinois, Maine and New Jersey

From the BLS: Regional and State Employment and Unemployment Summary Unemployment rates were lower in August in 5 states, higher in 3 states, and stable in 42 states and the District of Columbia, the U.S. Bureau of Labor Statistics reported today. Five states had jobless rate decreases from a year earlier, 2 states had increases, […]


The maturation of Jay Powell

If you just judge Jay Powell by Trump’s tweets, you are excused for concluding that Powell is the worst Fed chair in modern history. Even if you asked the Fed watchers and commentariat for their opinion of Mr. Powell, you would probably get the same assessment. The fact that he has flubbed all his post-meeting […]

Real Estate

Survey: 38% of Homebuyers and Sellers Are Hesitant to Move to a Place Where They’d Be in the Political Minority

A smaller share—22%—would be hesitant about moving to a place where they’d be in the racial minority.  The share of homebuyers and sellers who would be hesitant about moving to an area where most residents have differing political views from their own is slowly shrinking, down to 38 percent this year from 41 percent in […]

Real Estate

4 Reasons to Sell This Fall [INFOGRAPHIC]

Some Highlights: Buyers are active in the market and often competing with one another for available listings. Housing inventory is still under the 6-month supply found in a normal housing market. Homes are still selling relatively quickly, averaging 31 days on the market. The post 4 Reasons to Sell This Fall [INFOGRAPHIC] appeared first on […]


MPs launch Green New Deal Bill for the UK

I share this from the Green New Deal Group, of which I am a member and active participant, out today: As thousands gather for what is expected to be the UK’s biggest climate demonstration yet, MPs Caroline Lucas and Clive Lewis have launched the first legislative attempt to introduce a Green New Deal Bill in Parliament.  The […]