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  • Economics

    COVID Sept 30, 2022, Update on Cases, Hospitalizations and Deaths

    September 30, 2022 / 24 Comments

    NOTE: Starting next week, COVID stats will be updated only on Fridays.On COVID (focus on hospitalizations and deaths):COVID Metrics  NowWeekAgoGoal New Cases per Day245,72554,205≤5,0001 Hospitalized223,05225,159≤3,0001… COVID Sept 30, 2022, Update on Cases, Hospitalizations and Deaths

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    Bill McBride
  • Economics

    Fannie Mae: Mortgage Serious Delinquency Rate Decreased in August

    September 30, 2022 / 18 Comments

    Fannie Mae reported that the Single-Family Serious Delinquency decreased to 0.72% in August from 0.76% in July. The serious delinquency rate is down from 1.79%… Fannie Mae: Mortgage Serious Delinquency Rate Decreased in August

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    Bill McBride
  • Economics

    Goldman Sees US House Prices Falling 5% to 10%

    September 30, 2022 / 13 Comments

    Today, in the Calculated Risk Real Estate Newsletter: Goldman See US House Prices Falling 5% to 10%Excerpt: The recent weakness in the housing market, combined… Goldman Sees US House Prices Falling 5% to 10%

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    Bill McBride
  • Economics

    Q3 GDP Tracking: 1% to 2% Range

    September 30, 2022 / 1 Comment

    From BofA: Overall, the data since our last weekly publication and our updated assumptions on trade boosted our 3Q US GDP tracking from 0.8% q/q… Q3 GDP Tracking: 1% to 2% Range

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    Bill McBride
  • Economics

    Realtor.com Reports Weekly Active Inventory Up 29% Year-over-year; New Listings Down 10%

    September 30, 2022 / 14 Comments

    Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report released yesterday from Chief Economist Danielle Hale and Jiayi… Realtor.com Reports Weekly Active Inventory Up 29% Year-over-year; New Listings Down 10%

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    Bill McBride
  • Economics

    Personal Income increased 0.3% in August; Spending increased 0.4%

    September 30, 2022 / 8 Comments

    The BEA released the Personal Income and Outlays, August 2022 and Annual Update report: Personal income increased $71.6 billion (0.3 percent) in August, according to… Personal Income increased 0.3% in August; Spending increased 0.4%

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    Bill McBride
  • Economics

    Friday: Personal Income & Outlays, Chicago PMI

    September 29, 2022 / 13 Comments

    Friday:• At 8:30 AM ET, Personal Income and Outlays, August 2022 and Annual Update The consensus is for a 0.3% increase in personal income, and… Friday: Personal Income & Outlays, Chicago PMI

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    Bill McBride
  • Economics

    Las Vegas August 2022: Visitor Traffic Down 10.9% Compared to 2019

    September 29, 2022 / 40 Comments

    Note: I like using Las Vegas as a measure of recovery for both leisure (visitors) and business (conventions).From the Las Vegas Visitor Authority: August 2022… Las Vegas August 2022: Visitor Traffic Down 10.9% Compared to 2019

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    Bill McBride
  • Economics

    Hotels: Occupancy Rate Down 1.5% Compared to Same Week in 2019

    September 29, 2022 / 27 Comments

    Note: The occupancy rate will increase next week due to Hurricane Ian.From CoStar: STR: US Weekly Hotel Occupancy Reaches 70%U.S. hotel performance increased from the… Hotels: Occupancy Rate Down 1.5% Compared to Same Week in 2019

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    Bill McBride
  • Economics

    Inflation Adjusted House Prices Declined Further in July

    September 29, 2022 / 5 Comments

    Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices Declined Further in JulyExcerpt: It has been over 16 years since the bubble… Inflation Adjusted House Prices Declined Further in July

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    Bill McBride
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