Cities where home prices are plummeting
Half or more of all completed home sales this year in these cities were distressed — a factor that pulls the prices of non-distressed homes.
Five Economic Trends to Watch in 2012
The Council on Foreign Relations polled economists to identify five trends to watch in the coming year. They all fall under the increasingly common
2012 Economic and Housing Outlook
2012 and 2013 forecast from the National Association of Realtors by Dr. Lawrence Yen
2012 FORECASTS
ECONOMIC FORECASTS 2012 Economic Forecasts become available at the end and beginning of each year. Below are important links to forecasts. Print Friendly
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FROM THE EDITOR:
In addition to several important economic announcements on the calendar this week, there are two Republican debates, and on Tuesday night is President Obama’s forth State of the Union which will have a look into his plans for the balance of the year.
This week the Pending Sales of Existing Homes will be announced on Wednesday as a leading indicator with perhaps a continuing positive trend. The FOMC announcement on Wednesday is not expected to make new news. Follwing the November 3.7% increase in Durable Goods, the announcement coming on Thursday will be important to watch.
Initial jobless claims fell 50,000 in the January 14 week to 352,000 for the biggest drop since September 2005 when economic expansion was in full gear. Watch on Thursday to see if the positive trend will continue or was a fractal to be corrected. On Thursday we will get a first look at the Conference Boards completely revamped Leading Indicator Index.
All eyes will be on the 8:30 Friday GDP announcement to see the if there will be improvement from the 1.8% from the previous month.
Later on Friday the all important Consumer Confidence Index will be announced. Remember that the since September the index has been moving straight up defying all the efforts of the Republican candidates to paint the U.S. economy flat black or worse. In Dr. Barton Smith’s speech in Houston last Thursday he indicated that confident is at the root of all growth and lack of confidence is fundamental to decline. It is unfortunate that the deafening drum beat is pure disaster adding to the confidence problem.
Joe Watson, Editor: Just IN, The Economic News
Top National Stories
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Markets Data Center Table – WSJ.com.
New unemployment claims are compiled weekly to show the …
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Joe Watson, JustIN, The Economic News.
Take a look at the consumer sentiment chart here which …
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by Joe Watson, JustIN, The Economic News.
This is a summary of the Fed Beige Book …
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Dr. Ted C. Jones, the extreme right wing Stewart Tile economist/sales person has done a very good job with his Teflon metaphor. While I do not …
National Housing Starts To Increase in 2012
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FOMC to keep fed funds rate low through late 2014
This very quick summary of the FOMC hits the high points.
While some suggest that the …
Fed says no rate hikes until at least late 2014
Fed Says No Rate Hikes Until at Least Late 2014
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Unemployment Rate
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Unemployment rate falls to 8.3%
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White House Offers Plan to Lure Jobs to America
The lower dollar value results in making our products cheaper to purchase abroad. With that and lower labor …
Bernanke Hears Criticism From Republicans on Fed Strategy
We might set aside our political proclivities and ask ourselves a question. Should we cast our collective fate …
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Top Texas Stories
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Houston contributed to the Texas job growth more than any other city. by Joe Watson, JustIN
…
Investors High on Core Office Market
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Houston Economy Cooled In December
While the PMI showed a cooling of the Houston economy in December, the authors indicated they expect a rebound in January. They attributed most of the index change …
Federal Reserve Beige Book, eleventh District — Dallas, Jan. 11,2012
Click here to see the full publication
by Joe Watson, JustIN, The Economic News: …
HOUSTON HOME SALES REMAIN IN POSITIVE TERRITORY FOR A SIXTH STRAIGHT MONTH
For a very complete understanding of the current housing market from the HAR source, read this article. Clearly, volumes are up. Importantly, average home price is up while …
Houston home sales climb 7.2%
Joe Watson, Just IN, the Economic News: THE HOUSTON 2012 STORY IS WRITTEN:” …
Houston dominates master-planned community home sales list
11 Of The 50 Top Master Planed Communities Are In Houston.
As we expected, Woodlands and Cinco are numbers …
Just IN, Texas Growth in 2011 Exceed the National Average
Wouldn’t you know it; Texas mining and logging industry ranked on top in job creation in 2011. …
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