Musing About Economics, Computers and Technology

NAR: Pending Home Sales Decrease 6.3% in April; Down 2.5% YoY

Q1 GDP Growth Revised up to -0.2% Annual Rate

Weekly Initial Unemployment Claims Increase to 240,000

Thursday: GDP, Unemployment Claims, Pending Home Sales

Las Vegas in April: Visitor Traffic Down 5.1% YoY; Convention Traffic up 13.9% YoY

FOMC Minutes: "Difficult tradeoffs" if Inflation "more persistent" and "growth and employment weaken"

Inflation Adjusted House Prices 1.0% Below 2022 Peak; Price-to-rent index is 8.1% below 2022 peak

FDIC: Commercial Real Estate "Past-Due and nonaccrual" Highest Since 2014

MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey

Wednesday: FOMC Minutes