Corona Data, Treasury Decline, Fed Emergency Cut
Coronavirus – the larger 40 page report can be found here. There is plenty of memes and noise circulating about the virus, here is a report from the World Health Organization. In this study of over 44,000 infected individuals 3.4% died. Certain factors heightened chance of fatality including: gender (males 4.7% vs 2.8% female), age […]
Intellectual Wealth, 10Y UST Historic Low, Appreciation
Wealth – currently California’s economy is larger than the entire global economy of 1870. CA makes up 0.3% of the world’s land surface and 0.5% of the population. 27% of global capital is physical things (items you can touch) 9% is land, and 64% of wealth is ideas. The US economy continues to make up […]
Rethinking Economic Principles, Rates Flat, Appreciation
Going below the ‘natural rate’ of unemployment could spark an inflationary escalator. even Fed Chair Powell has commented on how the relationship between unemployment & inflation has been zero. Globalization is good for everyone – except our blue collar workers. Large budget deficits cause the government and private sector to compete over selling bonds driving […]
NAR Confidence Index, Rates Stable, Tame Inflation
In the NAR confidence index 82% of respondents reported prices are constant or rising which is down from 88% in May of 2018. Properties are typically on the market for 26 days, first time home-buyers make up 32% of sales and 81% of transactions are financed. Rates – held steady this week as the 10 […]
Hottest Markets, Rates Holding Steady, Portland Metro Update
Smaller metro regions across the US are seeing rapid growth. Below is a list of the top 20 according to Realtor.com. The hottest markets ranking is based on where homes sell the fastest and where there are the most listing views on realtor.com—both a sign of buyer demand. Metro markets often include surrounding smaller towns. Metro […]