Manhattan home sales jumped to the highest level in more than two years as affluent buyers armed with cash forged ahead on deals https://t.co/pHprNpdUQj ...

Pending home sales in August rose 4% from July and were 3.8% higher year-over-year. That is a strong beat. The street was looking for flat.This count is based on signed contracts. So, it's a forward-looking indicator of closed sales in September and October. Now, mortgage rates in August when people were out signing these deals were slightly lower than they were in July, but not as low as they are right now.Last week, we saw a huge jump in sales of newly built homes, which are also measured by signed contra ...

GDP revised higher for Q2 to 3.8%; fastest economic growth in 2 years.Initial & continuous jobless claims lower than expected, home sales higher than expected, core PCE marginally higher.TLDR; economy holding up better than expected, rates are up, risk is down. ...

Core Insights - The median home price reached $422,600, marking a 2% increase from the previous year and the highest price recorded for the month of August [1] Group 1 - The median home price is at an all-time high for August [1] - The year-over-year increase in median home price is 2% [1]

Your next guest has a great look into the real estate market, particularly in Texas. This company owns several commercial real estate buildings in Austin. They're developing around Dallas, also in Arizona.Joining us on set is Rastagar Capital CEO Ari Rastagar. Ari, great to have you on the program. >> Thanks for having me, bro.>> Okay, so you went from son of immigrants, zero money to building what may be the tallest building in Dallas. Before we get into the specifics, tell us how you did that because a lo ...

Britain’s biggest housebuilder warns that the period leading into the UK budget in November has introduced "additional risk" to home sales https://t.co/fznIb12Rfb ...

Canadian home sales rose for a fifth straight month as a buildup of listings lured buyers back to the market https://t.co/qSN1HjTkMI ...

Fiscal Policy & Economic Growth - The analysis suggests tariffs are running at an annual rate between $400 billion and $500 billion, potentially improving the deficit, but real GDP growth is considered the key to significantly reducing the deficit as a percentage of GDP [1] - The report anticipates real GDP growth will surprise on the high side of expectations later in the year and into 2026, driven by innovation platforms like robotics, energy storage, AI, multiomic sequencing, and blockchain technology, all catalyzed by AI [1] - The analysis highlights deregulation, particularly in crypto, AI, and nuclear energy, as a significant factor for economic growth, with tax changes encouraging manufacturing and innovation through accelerated depreciation schedules and full expensing of equipment, R&D, and software [1] Inflation & Monetary Policy - The report indicates that while inflation may seem stuck in the 2% to 3% range, innovation-driven productivity gains could lead to deflation in the coming years [2] - The analysis points out that M2 money supply growth has significantly dropped compared to the COVID boom, and the velocity of money is declining, potentially diffusing inflationary pressures [2] - The yield curve, measured by the two-year Treasury yield relative to the three-month Treasury yield, indicates tight monetary policy, which is expected to have disinflationary or deflationary effects [3] - True inflation CPI is reported at 19%, even with tariffs factored in, and consumer inflation expectations are expected to decline [3] Market Indicators & Investment Strategy - The analysis notes that manufacturing has been contracting for the last three years, and services are not in great shape, signaling potential economic concerns [4] - The report highlights that AI-powered capital spending is increasing, supported by new tax rules, while the trade deficit is being addressed [5] - The analysis observes that pending home sales are deteriorating, and new home inventory is high, potentially leading to price cuts and impacting the CPI [5] - The report suggests that the return on investment in the US is expected to increase due to innovation, tax laws, and deregulation, potentially strengthening the dollar [5] - The analysis notes that corporate profits are healthy, but quality of earnings and harnessing new technologies will be crucial for future growth [5] - The report observes that commodity prices are going nowhere, and gold is breaking out to all-time highs relative to metals, possibly signaling deflationary concerns [5]

Market Trends - Pending home sales in July decreased by 0.4% compared to June but increased by 0.7% compared to July of the previous year [1] - The market anticipated a slight increase of 0.3% in pending home sales, effectively remaining flat [1] - Signed contracts in July were influenced by rising average rates on 30-year fixed mortgages [1] - Sales declined month-over-month in the Northeast and Midwest, remained flat in the South, and increased in the West [2] Contract Cancellations - Redfin reported that 15% of homes under contract in July were cancelled, marking the highest cancellation rate since 2017 [3] Realtor Expectations - Only 16% of realtors surveyed anticipate an increase in buyer traffic over the next 3 months [3]

US pending sales of existing homes fell for a second month in July as potential buyers balked at still-elevated prices and borrowing costs https://t.co/WTkVeAl4h7 ...