More Record Highs for Home Prices
CoreLogic’s Home Price Index showed that home prices nationwide rose 0.3% from July to August, hitting a new all-time high for the fourth straight month. CoreLogic forecasts that home prices will rise 0.2% in September and 3.4% in the year going forward, though their forecasts tend to be on the conservative side historically. In fact, […]
Tame Unemployment Claims a Contrast to Job Cuts
Initial Jobless Claims rose by 2,000 to 207,000 in the latest week, with the number of people filing for unemployment benefits for the first time continuing to hover near eight-month lows. The low level of first-time filings suggests that employers are holding on to workers. Continuing Claims fell by 1,000, reaching the lowest level since […]
Job Openings a Surprise “JOLT” Higher
The latest Job Openings and Labor Turnover Survey (JOLTS) showed that job openings rose from 8.92 million in July to 9.61 million in August. This was an unexpected move higher, as job openings had been declining every month since April. Professional and business service positions accounted for a large share of openings. What’s the bottom […]
Levine Capital 2023 41st Week Newsletter
“The single most powerful asset they all have is their mind. If it is trained well, it can create enormous wealth in what seems to be an instant.” – Robert Kiyosaki September brought a blowout job creation number from the Bureau of Labor Statistics, but is the labor sector as strong as that data suggests? […]
Private Payrolls at Weakest Pace in Almost 3 Years
ADP’s Employment Report showed that private payrolls were weaker than forecasted in September with just 89,000 jobs created, marking the slowest pace of growth since January 2021. While job gains were reported among small and mid-sized businesses, large businesses with 500+ employees shed 83,000 jobs. Among the various sectors, leisure and hospitality was by far […]
Hard Money Lenders
Once again, we are in that phase of the real estate market in which hard money lenders are playing a very important role. If you haven’t used them before, what is a hard money loan? How can private money lenders be different from hard money lenders? When is the right time to use this type […]
How To Prepare For A Recession
Pretty soon, those that have failed to prepare for the changing economy are going to be feeling it in their finances. Probably in a much more substantial way than they imagine. The Shift Has Already Begun There continue to be debates about when the brunt of the recession will be felt. As well as if […]
Levine Capital Newsletter JUNE 2022
Real Estate Update JUNE 2022 Find out what’s happening in the market now, what’s driving trends and investor choices, as well as the latest updates from Levine Capital… The State Of The Markets Key factors at play right now… Major Layoffs & Hiring Freezes We seem to be clocking up more and more similarities to […]
What’s Driving The Demand For Single-Family Rental Homes?
Demand for single-family rental homes continues to be very strong. What’s driving, and accelerating this trend? Investors are not only buying up multifamily apartments, and individual single-family homes, but are building more from the ground up, and are buying out entire new home construction developments. This helped set new records for US house price growth […]
Are Foreclosures On The Rise?
Are foreclosures rising again? If so, by how much? What does it mean for investors? Yes. The data shows that foreclosures have been rising again. Looking at the percentages of this increase, it seems to even far outpace the rise in home values. Still, it is important to put this in the right context and […]