Musing About Economics, Computers and Technology

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%

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

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%

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%

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