Category Archives for "Technology"
During the initial month of 2024, the workforce saw an expansion with the addition of 107,000 employees. This growth, though substantial, demonstrates a dip from the revised number of 158,000 job additions observed in the preceding month, December.
Continue readingSenior macrofinancial analyst from China, Charlene Chu, at Autonomous Research, deliberates on the liquidation mandate concerning Evergrande. She emphasizes that the primary point of discussion in regard to the dissolution request is the degree to what the Chinese mainland authorities will accept the verdict passed by the courts in Hong Kong.
Continue readingIn the last two months, there has been a significant increase in conjecture regarding potential federal rate cuts in 2024. The upcoming Fed meeting is the first to fall under such anticipation. Some experts have even posited the possibility of rate cuts occurring as soon as the meeting in January. However, the market is skeptical about the mentioned January rate cut. For a few days, there were indications from Fed Funds Futures trades for a probable January rate cut, but the market has since discarded this possibility.
Changes in the market’s view of the Fed’s position were evident during November and December. The Fed’s favorable rate announcement on December 13th compounded this shift in sentiment. Still, the necessary economic data to initiate a Fed rate cut cycle hasn’t surfaced yet. This doesn’t mean a rate cut in 2024 is off the table; it is simply too early to make a judgment since the needed conditions are yet to be met.
One of the factors talked about is the return of core inflation to 2%, which is the Fed’s target. The latest GDP statistics do indicate a 2% quarterly increase in core PCE. However, it’s critical to recognize that the 2% inflation target is a yearly metric. As per the graph above, based on the data of the fourth quarter of 2023, there is hope. Now, it’s essential to ensure that the 2% inflation rate remains constant so that the annual graph can match the quarterly one.
Continue readingIvy Zelman, the esteemed Executive Vice President at Zelman and Associates, participates in a talk on ‘Money Movers.’ The discourse revolves around Zelman’s scrutiny of recent real estate figures, examining if the current housing stock has stabilized, and elaborating on many other subjects. The source of information isn’t mentioned in this summary.
Continue readingRobert Frank appears on ‘Squawk Box’ bringing updates and recent developments from the world of auctions.
Continue readingTake a look at the top 10 most promising residential real estate markets for 2024. Be mindful though, as a thriving market implies more rivalry, according to industry specialists.
Continue readingLogan Mohtashami, a prominent HousingWire analyst, participates in ‘The Exchange’ to share his predictions for the housing market in 2024. His discussion also delves into the current status of pre-owned and new home sales, along with other related topics.
Continue readingThe President of the Federal Reserve Bank of Atlanta shared that the optimistic economic viewpoint, metaphorically termed as the “golden path”, seems to be approaching more swiftly than numerous officials from the Fed had originally anticipated.
Continue readingPresently, I find myself in the beautiful city of San Diego for the fascinating SD CAMP event. Meanwhile, another interesting event took place at the same latitude. The office of the Governor of Texas, Greg Abbott, ran a poll to gauge if the inhabitants of Texas consider illegal immigration a pressing matter. Interestingly, only 29% echoed these sentiments while a whopping 71% disagreed, saying, “No es una problema seriosa.” Amidst these political affairs, Texas thrives as a bustling hub for industry giants such as many lending corporations and established hotel chains. Did you know this culturally rich state even boasts its individual pledge of allegiance?
In the competitive hospitality sector, Marriott has successfully positioned itself the go-to for business travellers. However, it’s important to note that only six companies own a substantial 80% of existing branded hotels in the USA. There’s industry chatter about a potential merger between Choice Hotels and Wyndham- leading to just five dominant companies. With the merger, we’ll witness a single business entity managing an astounding 16,500 hotels and 46 distinct brands.
Today’s podcast is proudly sponsored by nCino, an industry trailblazer in the modern mortgage lending space. Tune in to hear a captivating conversation with nCino’s Pam Faulkner discussing the strategic execution of change management – a challenge that is familiar terrain for any mortgage lending organisation.
Exciting news for lenders now – Opteon AMC, a leading appraisal management company, just pioneered a unique Short-Term Rental Analysis (STRA) product. This novel tool has been crafted in association with AirDNA, an authority in short-term rental data and analytics. Bridging gaps in the current system, this appraiser-approved tool will offer lenders a precise prediction of rental potential and market trends. The solution will also replace the existing 1007 form, offering a more thorough overview of short-term rental investments. This revolutionary product, catered exclusively to Opteon customers, launched on January 8, 2023. For more information, check out www.opteonusa.com or email [email protected].
Continue readingSteve Schwarzman, co-founder, CEO and chairman at Blackstone Group, recently engaged in a comprehensive dialogue where topics such as the current state of the real estate market, conducting commerce with China, and the upcoming 2024 election were covered in depth.
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