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

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

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

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

The DOL reported:In the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of 16,000 from the previous… Weekly Initial Unemployment Claims decrease to 193,000

From the BEA: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2022 and Annual UpdateReal gross domestic product (GDP)… Q2 GDP Growth Unrevised at minus 0.6% Annual Rate

Thursday:• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for an increase to 218 thousand from 213… Thursday: Unemployment Claims, GDP

Two key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern.For… A few comments on the Seasonal Pattern for House Prices

Today, in the Calculated Risk Real Estate Newsletter: Pace of Rent Increases Continues to SlowA brief excerpt: Here is a graph of the year-over-year (YoY)… Pace of Rent Increases Continues to Slow

From the NAR: Pending Home Sales Dropped 2.0% in AugustPending home sales sagged for the third straight month in August, according to the National Association… NAR: Pending Home Sales Decreased 2.0% in August