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Economic News, Articles, and Reports

Economic News -current articles about the  economy and its affect on residential real estate
 
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AS OF 11-13-2024, FNMA-Freddie mortgage rates are now at 7.13% from their 2-year low at the end of Sept 2024 of 6.08%. Why the increase?
 
On 11-25-2024, the 10-year Treasury note yield dropped to 4.262% from 4.43%. Although much higher than 3.6% on Sept 15, this good news is hopeful.  Trump's re-election and deficit spending plans frighten investors buying Treasury instruments (value of future money). As fears rise, bond "prices" go down and "yields" rise in 10-yr T-sales (investors applying bigger discounts to long-term bonds relative to expectations for short-term rates: called a term premium! To learn more click below: 
 
Charts 11-30-2024 Foreign born works by US jobs, industries.png
Charts 10-23-2024 Deficit spending by US gov.png
Charts 12-4-2024 Map of % undocumented workers.png
Charts 11-2-2024 Unemployment.png
Charts 11-29-2024 Tariff revenue as % GDP.png
Volcano.png

What countries-regions import the most to the U.S.? You might be surprised...see below. 

Charts 11-27-2024 % of US imports from....png
Charts 11-12-2024 US Deficit.png

Notice the two charts below - the one to the left shows FALLING annual home sales (actual number of closings), and the one to the right AFFORDABILITY - the share of your income needed to cover your housing costs.  One is going down, the other up. Yet, incomes are up and beating inflation, jobs are plentiful, and unemployment down.  There's a message here that people are not feeling good about the economy...and pulling back. 

Charts 10-26-2024 annual home sales closings.png
Charts 10-28-2024 share of income for housing costs.png
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