December 4, 2023
The S&P CoreLogic Case-Shiller Index reported a 3.9% year-over-year increase in home prices in September, despite a surge in mortgage rates. The growth coincided with the 30-year fixed mortgage rate’s climb toward 8%. Notably, rents are easing while home prices continue to rise. The report highlighted that of the 20 metropolitan markets, Detroit saw the
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by Calculated Risk on 11/28/2023 09:00:00 AM S&P/Case-Shiller released the monthly Home Price Indices for September (“September” is a 3-month average of July, August and September closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller
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by Calculated Risk on 11/28/2023 09:49:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 3.9% year-over-year in September; New all-time High Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for September (“September” is a 3-month average of July, August and September closing prices). September closing prices include some
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OVERSEAS Filipino worker (OFW) remittances rose by 2.6 percent to $3.23 billion in September from $3.15 billion a year earlier, the Bangko Sentral ng Pilipinas reported on Wednesday. Money sent home via banks alone totaled $2.91 billion, 2.6 percent higher compared to the $2.84 billion recorded in September last year. The rise in personal remittances
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THE national government’s (NG) debt servicing rose in September following an increase in amortization charges, data released by the Bureau of Treasury showed. Debt payments grew by 15.46 percent to P238.99 billion from P206.99 billion a year earlier while month on month rose 26.43 percent from P189.02 billion in August. Interest payments increased by 19.28
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MANUFACTURING output picked up in both value and volume terms in September, the Philippine Statistics Authority (PSA) reported on Thursday. The Value of Production Index (VaPI) expanded by 8.9 percent, up from August’s 7.5 percent a month but slower than the year-earlier 12.6 percent. The Volume of Production Index (VoPI), meanwhile, grew at a faster
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WASHINGTON, D.C.: The US trade deficit expanded in September on the back of a larger rise in imports than exports, according to government data released on Tuesday. The overall trade gap of the world’s biggest economy broadened more than expected to $61.5 billion, up from a revised $58.7 billion in August, said the Commerce Department.
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In September 2023, AIER’s Business Conditions Monthly indices continued on distinct trajectories. Our Leading Indicator rose from 46 to 54, remaining close to neutral, but with an expansion tilt. The Roughly Coincident Indicator continued its rise, reaching 92 after starting the year at 50. And our Lagging Indicator fell from a slightly expanding 58 in
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THE country’s trade deficit narrowed in September as both exports and imports contracted, preliminary data from the Philippine Statistics Authority showed on Tuesday. At $3.51 billion, the merchandise trade gap was smaller than August’s $4.13 billion. It was also lower compared to the year-earlier $4.82 billion. Total trade in goods contracted by 11.6 percent to
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by Calculated Risk on 11/07/2023 08:30:00 AM The Census Bureau and the Bureau of Economic Analysis reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was $61.5 billion in September, up $2.9 billion from $58.7 billion in August, revised. September exports were $261.1 billion,
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