As Louisiana Recovers From Hurricane Laura, Here's What Homeowners Should Know About the Fine Print in Their Insurance Policies

How much money homeowners get back from their insurance company to rebuild will depend on what coverage they had and the specifics of their policy. The post As Louisiana Recovers From Hurricane Laura, Here’s What Homeowners Should Know About the Fine Print in Their Insurance Policies appeared first on Real Estate News & Insights | realtor.com® ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2ES4g2y
via IFTTT

Dallas Fed: "Recovery Continues in Texas Manufacturing" in August

From the Dallas Fed: Recovery Continues in Texas Manufacturing Texas factory activity expanded in August for the third month in a row following a record contraction in the spring after the onset of the COVID-19 pandemic, according to business executives responding to the Texas Manufacturing Outlook Survey. The production index, a key measure of state manufacturing conditions, came in at 13.1, down slightly from July but still indicative of moderate growth. Other measures of manufacturing activity also point to expansion this month. The new orders index advanced three points to 9.8, and the......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/34PV6P1
via IFTTT

Pending Home Sales Up 5.9% in July

As record-low mortgage rates continue to fuel housing demand, pending home sales increased for a third straight month in July. The Pending Home Sales Index (PHSI), reported by the National Association of Realtors (NAR), is a forward-looking indicator based on signed contracts. The PHSI rose 5.9% from 115.3 in June to 122.1 in July. On a year-over-year basis, sales were... Read More › The post Pending Home Sales Up 5.9% in July first appeared on Eye On Housing ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2ENPCth
via IFTTT

Seven High Frequency Indicators for the Economy

These indicators are mostly for travel and entertainment - some of the sectors that will recover very slowly. ----- Airlines: Transportation Security Administration ----- The TSA is providing daily travel numbers . Click on graph for larger image. This data shows the seven day average of daily total traveler throughput from the TSA for 2019 (Blue) and 2020 (Red). This data is as of August 30th. The seven day average is down 70% from last year.  There had been a slow steady increase from the bottom, but air travel has mostly moved sideways recently. ----- Restaurants: OpenTable -----......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3hKQU6T
via IFTTT

Fed's Clarida says rates won't rise just because unemployment falls

Fed's Clarida says rates won't rise just because unemployment falls<br/>https://ift.tt/32HmZGAread more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/34NHcgl
via IFTTT

U.S. Treasury yields fall ahead of data, Fed speeches

Treasury yields moved lower on Monday morning as traders gear up for the last trading session of the month and look ahead to key jobs data at the end of the week....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2EA8EUq
via IFTTT

Fed's Bullard says the recession is over but rates will 'stay low for a long time'

St. Louis Fed President James Bullard said on "Closing Bell" that he expects the economy to continue to recover into next year while the central bank holds its policies steady....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2YKmom7
via IFTTT

Homeowners, in foreclosure, will also face tax implications. What you should know

Foreclosure protections in the CARES Act have kept millions of Americans in their homes. But if those moratoriums expire and the economy worsens, banks may begin seizing houses again....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3hE6LEp
via IFTTT

Millennials Help Power This Year's Housing-Market Rebound

Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market's recent recovery. The post Millennials Help Power This Year's Housing-Market Rebound appeared first on Real Estate News & Insights | realtor.com® ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3jrjbQC
via IFTTT

Lawler: July Residential Home Sales/Inventories in Selected Counties with Beach/Mountain Resort Areas

Some interesting data from housing economist Tom Lawler: Below is a table showing July residential home sales and inventories for counties with beach resorts or, in the case of Monroe County, mountain resorts. Data are MLS based unless otherwise noted. Selected Transfer Payments Billions of dollars, SAAR Residential Home Sales Residential Inventory July-20 July-19 % Chg. July-20 July-19 % Chg. Barnstable Co., MA (Cape Cod)* 881 618 42.6% Outer Banks, NC 389 185 110.3% 881 1506 -41.5% Hilton Head, SC 709 503 41.0% 1676 2321 -27.8% Sussex Co, DE (Rehoboth Beach) 695 437 59.0% 1614 2659 -39.3%......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3joQWBX
via IFTTT

Economy, jobs, cost of living top Covid-19 fears as voters worry about their finances, CNBC/Change Research poll finds

A CNBC poll finds that one-third of likely U.S. voters describe their finances as "poor" or "not so good." Here are five money moves to make now to help shore up your own situation amid a pandemic, economic downturn and contentious national election....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2EDs2iR
via IFTTT

FHFA Announces Public Listening Sessions on Re-Proposed Capital Rule for the Enterprises

FHFA's re-proposed capital rule for the Enterprises, published in the Federal Register on June 30, 2020 is designed to strengthen the Enterprises so they can continue to serve the mortgage market and help low- and moderate- income households access credit throughout the economic cycle....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2EJ0g4F
via IFTTT

Fed's Harker says it will take 'a while' for jobs market to heal, would be OK with inflation at 2.5%

Philadelphia Federal Reserve President Patrick Harker joined CNBC's "Squawk Box" to discuss the central bank's new inflation goal....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2YJrrmX
via IFTTT

Improvement in coronavirus mortgage bailout stalls, as more borrowers struggle to make payments

After improving markedly in July, the number of borrowers struggling to make their monthly mortgage payments has essentially flatlined and now threatens to move higher....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3jrU9R1
via IFTTT

Personal Income increased 0.4% in July, Spending increased 1.9%, Core PCE increased 0.3%

The BEA released the Personal Income and Outlays report for July: Personal income increased $70.5 billion (0.4 percent) in July according to estimates released today by the Bureau of Economic Analysis. Disposable personal income (DPI) increased $39.9 billion (0.2 percent) and personal consumption expenditures (PCE) increased $267.6 billion (1.9 percent) . Real DPI decreased 0.1 percent in July and Real PCE increased 1.6 percent. The PCE price index increased 0.3 percent. Excluding food and energy, the PCE price index increased 0.3 percent. The July PCE price index increased 1.0 percent......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2ErMlAh
via IFTTT

Fed's Mester says recovery will be 'a slow one' and more economic support is needed

The Fed will have to keep supporting the economy as the recovery from the coronavirus pandemic "is going to be a slow one," a top official at the central bank said....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3jqo77Y
via IFTTT

Treasury yields tick higher as markets digest Fed's 'robust' policy change

U.S. government debt prices slipped after Federal Reserve Chairman Jerome Powell said Friday that the central bank was willing to allow inflation to run hotter than normal....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3gwOcAA
via IFTTT

Next up for the Federal Reserve: Convincing the markets it can do what it says it will do

While markets rallied on the sentiment that the new policy would keep short-term rates anchored near zero well into the future, there also was plenty of skepticism that the Fed would be able to reach its goal....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2DaTO62
via IFTTT

Fed pledges to look at if the economy is working for lower-income communities when setting policy

The Fed wants to go far deeper to get lower income and underemployed Americans to work, before it pulls back from its easy policies....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2YFfvmg
via IFTTT

Zoom is now critical infrastructure. That's a concern

It's a cybersecurity vulnerability that would have been unimaginable as recently as last year: A single California-based company, Zoom, is now the foundation for education access from elementary school up through graduate school. It has also become a critical tool for many businesses. When Zoom goes down, teachers can't teach, students can't learn, and business…             ...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2Ewx2WS
via IFTTT

Fed Prepared To Let Economy Run Hotter

The Federal Reserve is adjusting its long-range policy on inflation and employment. The central bank said it's now more concerned with prices that are too low than with runaway inflation....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3b2YAPB
via IFTTT

A Quarter of San Francisco Home Sellers Are Dropping Their Prices, the Highest Rate on Record

San Francisco has seen a greater increase in price drops than any other U.S. metro, with the share of sellers slashing prices more than doubling from a year ago as the pandemic drives homebuyers out of the Bay Area. The post A Quarter of San Francisco Home Sellers Are Dropping Their Prices, the Highest Rate on Record appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3b2o27R
via IFTTT

Fed Chair Jerome Powell: Monetary Policy Framework Review

From Fed Chair Powell: Monetary Policy Framework Review Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy This is on YouTube here ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3lszw9w
via IFTTT

Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy

Federal Open Market Committee announces approval of updates to its Statement on Longer-Run Goals and Monetary Policy Strategy ...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3hxYz8I
via IFTTT

Watch Fed Chair Powell discuss the inflation outlook from annual symposium — with live updates

This is CNBC's live coverage of Fed Chair Powell's virtual speech from the central bank's annual Jackson Hole, Wyoming symposium....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2EBKMPU
via IFTTT

Q2 GDP Revised up to -31.7% Annual Rate

From the BEA: Gross Domestic Product, 2nd Quarter 2020 (Second Estimate); Corporate Profits, 2nd Quarter 2020 (Preliminary Estimate) Real gross domestic product (GDP) decreased at an annual rate of 31.7 percent in the second quarter of 2020 , according to the "second" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP decreased 5.0 percent. The GDP estimate released today is based on more complete source data than were available for the "advance" estimate issued last month. In the advance estimate, the decrease in real GDP was 32.9 percent. With the second......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3hCwwVI
via IFTTT

Top Products Used in New Residential Construction

In a recent article, NAHB analysis of government data found that new single-family and multifamily construction used a total of roughly $94.93 billion in building products in 2019.  Although the vast majority of the $94.93 billion was produced domestically, supporting jobs in the U.S. manufacturing sector, about 6.4 percent ($6.12 billion) was imported from other countries.  It may seem a... Read More › The post Top Products Used in New Residential Construction first appeared on Eye On Housing ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3hA3c22
via IFTTT

U.S. weekly jobless claims total 1 million, as expected

U.S. weekly jobless claims total 1 million, as expected<br/>https://ift.tt/3b31ALIread more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3hAnMz4
via IFTTT

Nearly 35 million households will lose their utility shutoff protections over the next month

Throughout the coronavirus pandemic, state and local governments have barred utility companies from shutting off services such as gas, electric and water. But the majority of these orders are expiring over the course of the next month, leaving 34.5 million households without shutoff protections....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/31x9ppE
via IFTTT

The Typical Home Pending Sale Is 3.7% Bigger Than Last Year, Sales of Large Homes Up 21% as People Seek More Space Amid Pandemic

We delved into July housing market data to analyze whether homebuyer interest in additional space has translated to a hotter housing market for bigger homes. The answer? Yes-but only slightly. The post The Typical Home Pending Sale Is 3.7% Bigger Than Last Year, Sales of Large Homes Up 21% as People Seek More Space Amid Pandemic appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2G3Ona3
via IFTTT

Treasury yields flat ahead of Powell's Jackson Hole speech

U.S. government debt prices were hovering around the flatline Thursday, as traders await a speech by Federal Reserve Chairman Jerome Powell....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2Qqfuy2
via IFTTT

The Fed is expected to use a new pandemic-era tool to fight a long-running battle against low inflation

Chairman Jerome Powell is expected to discuss how the Fed hopes to remedy the years-long dilemma of low inflation with a new pandemic-era tool....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3jgBl7l
via IFTTT

FHFA Further Extends Buying Loans in Forbearance & COVID-Related Loan Processing Flexibilities

Washington, D.C. – The Federal Housing Finance Agency (FHFA) announced today that Fannie Mae and Freddie Mac (the Enterprises) will extend buying qualified loans in forbearance and several loan origination flexibilities until September 30, 2020. The changes are to ensure continued support for borrowers during the COVID-19 national emergency. The flexibilities were set to expire on August 31, 2020. "Extending these COVID-19 flexibilities helps keep the mortgage market moving and borrowers safe during the pandemic," said Director Mark Calabria....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2EHBRfx
via IFTTT

Dow vs S&P 500: Traders face off after Dow's most significant shake-up in years

As the Dow Jones Industrial Average changes its stripes, two traders are split as to whether the S&P 500 or the Dow is more defining of the times....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/31wLZRo
via IFTTT

Multifamily Family Built-for-Rent Share Reaches New High

According to NAHB analysis of quarterly Census data, the market share of rental multifamily construction starts increased to 96% during the second quarter of 2020. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period. During the second... Read More › The post Multifamily Family Built-for-Rent Share Reaches New High first appeared on Eye On Housing ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3b5HQqU
via IFTTT

Framework review complete, Fed's Powell starts hard sell for higher inflation

Framework review complete, Fed's Powell starts hard sell for higher inflation ...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2QrK7mQ
via IFTTT

As U.S. makes progress on the virus front, Peter Boockvar predicts inflation will become a serious headwind - with or without Fed involvement

Bleakley Advisory Group's Peter Boockvar believes a new inflation cycle is starting....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3hyaaV7
via IFTTT

Every American home is getting a flood risk score – and many are at higher risk than previously known

Starting this week, every homeowner and potential homebuyer in America will be able to see a new analysis of their property's flood risk. It could have a huge impact on the national housing market....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3jevdMY
via IFTTT

Adverse Market Refinance Fee Implementation now December 1

The Federal Housing Finance Agency (FHFA) today directed Fannie Mae and Freddie Mac (the Enterprises) to delay the implementation date of their Adverse Market Refinance Fee until December 1, 2020. The fee was previously scheduled to take effect September 1, 2020....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3jeQC8C
via IFTTT

Can you be evicted during the pandemic? It depends on your ZIP code

In the absence of any sweeping national ban on evictions during the pandemic, many tenants will find themselves at the mercy of temporary and narrow local laws. That can be tricky....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3gtEIGi
via IFTTT

Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July

A surge in homebuilding before the pandemic is now driving growth in new-home sales. A shift to the suburbs and record-low mortgage rates are also contributing factors. The post Sales of New-Construction Homes Rebound to Pre-Coronavirus Levels, Rising 10% in July appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More ....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3jae0Er
via IFTTT

'Hundreds of thousands' of people looking for suburban homes — Sternlicht on exodus from cities

Safety, the coronavirus and tax policy are factors contributing to people wanting to leave major U.S. cities, Starwood Capital founder Barry Sternlicht told CNBC on Tuesday....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/32sG5Ad
via IFTTT

August Employment Report Will Show an Increase of 237,800 Temporary Census Workers

The Census Bureau released an update today on 2020 Census Paid Temporary Workers As of the July BLS employment report reference week , there were 50,404 decennial Census temporary workers. As of August  reference week there were 288,204 temp workers. This means the August employment report will show an increase of 237,800 in temporary Census hiring under Federal employment. Click on graph for larger image. This is the 2020 Census Paid Temporary Workers report released today. The temporary employment for the July and August reference weeks are circled in red. Since these are......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/2Evp6VA
via IFTTT

New Home Sales increased to 901,000 Annual Rate in July

The Census Bureau reports New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 901 thousand. The previous three months were revised up, combined. Sales of new single-family houses in July 2020 were at a seasonally adjusted annual rate of 901,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 13.9 percent above the revised June rate of 791,000 and is 36.3 percent above the July 2019 estimate of 661,000. emphasis added Click on graph for larger image. The first graph shows New Home......(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3hssYVZ
via IFTTT

Home prices rose 4.3% in June, according to Case-Shiller index

Home prices rose 4.3% annually in June, unchanged from the gain seen in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/31rum5z
via IFTTT

Here's why new cases of the coronavirus are down across most of the U.S.

"I would not be surprised if we see an uptick after Labor Day in cases," Catherine Troisi, an infectious disease epidemiologist at UTHealth School of Public Health in Houston, said....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/32ptcqw
via IFTTT

U.S. and China hold phone call on phase one trade agreement

The trade negotiators' discussion came after a planned six-month review of the deal set for Aug. 15 was delayed to an unspecified date....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3guoxIN
via IFTTT

Treasury yields move higher as investors await housing data

U.S. government debt prices were lower on Tuesday as traders awaited for a key speech from Federal Reserve Chairman Jerome Powell later this week....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3gpOvxa
via IFTTT

More than half of states are now approved for the extra $300 per week in unemployment insurance

The majority of U.S. states, 26, are now approved to send workers the extra $300 weekly unemployment benefit from the federal government....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/3aRMMiV
via IFTTT

Federal student loan payments have been deferred through December

"All borrowers with federally held student loans will have their payments automatically suspended until 2021 without penalty," reads a statement from Secretary of Education Betsy DeVos....(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Around The Web https://ift.tt/34sV7s1
via IFTTT