Real Estate

9 Ways to Attract Millennial Homebuyers

Millennials are currently the largest group of homebuyers in the U.S. and will continue to revolutionize the market for years to come. As more millennials pursue homeownership, it is important to revitalize your home in order to attract multiple offers from this surging demographic. Luckily, there are plenty of affordable upgrades and simple ways to […]

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CBO Projection: Annual Budget Deficit to be above 4% GDP for the Next Decade

Remember the promise that the 2017 Tax Cuts and Jobs Act (TCJA) would “pay for itself”, and that the current administration would reduce the deficit? Hoocoodanode? (“Who could have known?”,Popularized by my former co-blogger Tanta!)The Congressional Budget Office (CBO) released their new The Budget and Economic Outlook: 2020 to 2030 In CBO’s projections, the federal […]

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Richmond Fed: Manufacturing Activity Rebounded in January

From the Richmond Fed: Manufacturing Activity Rebounded in January Fifth District manufacturing activity rebounded in January, according to the most recent survey from the Richmond Fed. The composite index rose from −5 in December to 20 in January, as all three components— shipments, new orders, and employment— increased. Local business conditions also improved as this […]

Stock

Case-Shiller: National House Price Index increased 3.5% year-over-year in November

S&P/Case-Shiller released the monthly Home Price Indices for November (“November” is a 3 month average of September, October and November prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. Note: Case-Shiller reports Not Seasonally Adjusted (NSA), I use the SA data […]

Real Estate

The 10 Hottest Neighborhoods to Watch in 2020

With a housing affordability crisis in full swing, neighborhoods with lower home prices surge in popularity. Americans are searching for affordable homes and they’re increasingly looking to the southeast to find them. The majority of Redfin’s hottest neighborhoods to watch in 2020 have median home sale prices of less than $500,000, and half are in […]

Real Estate

Should I Sell My House This Year?

If one of the questions you’re asking yourself today is, “Should I sell my house this year?” the current Housing Opportunities and Market Experience (HOME) Survey from the National Association of Realtors® (NAR) should boost your confidence as it relates to the current selling sentiment in the housing market. Even with all the information overload […]

Tax

Is Flybe not a flyer?

The FT has reported that: Flybe mortgaged off the majority of its remaining assets to its shareholders last year, potentially complicating the UK government’s efforts to provide a loan on commercial terms to the struggling UK airline. Connect Airways — a consortium of Virgin Atlantic, Stobart Air and hedge fund Cyrus Capital — formally took […]

Tax

Assetisation and the end times of neoliberalism

I noticed a new book announced by MIT Press yesterday. It is: As the blurb says: In this book, scholars from a range of disciplines argue that the asset—meaning anything that can be controlled, traded, and capitalized as a revenue stream—has become the primary basis of technoscientific capitalism. An asset can be an object or […]

Tax

Why aren’t journalists asking how the nationalisation of Northern Rail will be paid for?

As the FT has noted: Ministers are poised to renationalise the failed Northern rail franchise as the government pledges to invest £500m in reopening defunct lines, in the latest bid to stem the crisis in Britain’s privatised network. Grant Shapps, transport secretary, is expected to confirm on Wednesday that Northern will be removed from the […]