From HousingWire:
CoreLogic: Home prices still up, but leveling off
Home prices increased in July year-over-year and month-over-month, according to the Home Price Index and HPI Forecast released by CoreLogic, a property information, analytics and data-enabled solutions provider.
Home prices in the U.S., including distressed sales, increased by 6% from last year, and 1.1% from June, according to the HPI.
…
“If mortgage rates continue to remain relatively low and job growth continues, as most forecasters expect, then home purchases are likely to rise in the coming year,” CoreLogic Chief Economist Frank Nothaft said. “The increased sales will support further price appreciation, and according to the CoreLogic Home Price Index, home prices are projected to rise about 5% over the next year.”The HPI Forecast shows that home prices will increase by 5.4% annually from July this year to July 2017. The Forecast also predicts that home prices will rise yet again in August by 0.4%, a slowdown from current annual and monthly growth.
…
“The strongest home price gains continue to be in the western region,” CoreLogic President and CEO Anand Nallathambi said. “As evidence, the Denver, Portland and Seattle metropolitan areas all recorded double-digit appreciation over the past year.”
From MarketWatch:
State-by-state look at house prices as East, Midwest struggle
Out West, U.S. home prices are growing much faster than inflation. In parts of the East and Midwest, they’re not even keeping up.
That’s the conclusion to be drawn from the latest home-price data from CoreLogic. In July, prices rose 1.1% to take the national year-over-year gain to 6%. In the 12 months ending July, inflation rose only 0.8%, according to the Labor Department’s consumer price index.
But there’s a big difference regionally where prices are growing, and where they are not.
The hot housing markets are in the Pacific Northwest: Oregon prices grew 11.2% in the 12 months ending July, and Washington state grew 10.2%, the only two states that sported double-digit gains. Colorado had the third-strongest market with a 9.3% advance.
But most of the cooler state markets are out East.
Connecticut prices fell 1.2% over the year. Other laggards with sub-2% price growth: New Jersey, where prices rose 0.2%; Delaware, where they grew 0.3%; Vermont, where home values advanced 0.8%; Alaska, where prices rose 1.1%; Maryland, where prices rose 1.2%; Oklahoma, where prices rose 1.5%; Pennsylvania, where prices grew 1.6% and Washington, D.C., and Mississippi, where prices each advanced 1.9%.
One of the key explainers for the variance is the local jobs market. Connecticut, for instance, in July had the 39th worst unemployment rate at 5.7%, and Alaska had the worst unemployment rate at 6.7%.
FRIST. Non geek edition
Nice hearing aid mi abuela
http://tinyurl.com/j9mwb95
A clear-eyed view of the minimum wage debate:
http://www.mycentraljersey.com/story/opinion/columnists/jay-jefferson-cooke/2016/09/07/some-minimum-wage-debate-clarification-sorely-needed/89910298/?from=global&sessionKey=&autologin=
This is the America before jobs were outsourced. Uneducated factory workers can buy a house,can afford to send their kids to College,retire with a pension. The American Dream did exist to the lower class with jobs.
From minimum wage debate
“Well, I’ll tell you why. Because Americans think that they should be paid enough to have everything they want in life regardless of the fact that they often are undereducated, undertrained or untrained. They think that putting a square peg in a square hole on an assembly line should garner $40 per hour and benefits.”
Occupy Wall Street may be long gone. But the ever-growing wealth gap remains a nagging challenge for the U.S. economy.
For a fresh reminder, just look at how a rolling “one-percenter” money grab is taking a toll on dollar stores. Those are the chains that bargain hard with suppliers and trim portion sizes so they can offer a lot of items for $1.
That model has worked well for years, as many shoppers with limited budgets rely on the stores for low-priced basic supplies. But recently the magic has faded. And one-percenters are partly to blame. The reason: They’ve been commandeering so much cash from the 99% crowd that they’ve helped topple this part of retail.
Shares of Dollar Tree DLTR, -0.94% and Dollar General DG, +0.49% the two biggest players in the dollar-store space, swooned 15%-22% in August-September. Surprisingly bad sales growth was to blame.
There’s no question that a big part of the problem was an ongoing wealth grab by the one-percenters from the less fortunate among the 99%-ers. Just listen to the CEOs of those companies explain what happened.
Rising rents and medical costs
Dollar General CEO Todd Vasos spends a lot of time in stores, and he looks at research to understand his customers. His conclusion: Their earnings are holding up OK, but their expenses keep going up a lot. And this is hurting his business. The chief culprits? Health-care costs and rent that are rising at a “very rapid” clip, he told investors in the company’s most recent conference call. “Our core consumer continues to be under a lot of pressure,” he said.
Bob Sasser, the CEO of Dollar Tree, tells the same story. Consumers, he says, are hurting, and like Vasos, he blames rent and health care. Rising costs in both areas are “the No. 1 issue that we see out there,” he says.
Now, the median income of the people being squeezed — the “average Joe” — was a mere $28,757 in 2014, according to the Federal Reserve Bank of St. Louis. And it hasn’t gone up much since.
In contrast, the health-care execs, landlords and doctors behind the price increases killing the budgets of the less well-off are quintessential one-percenters. Just consider the following.
* The median pay of CEOs at S&P 500 health insurers, hospital and pharma companies was $14.5 million last year, according to Equilar, a research firm that offers boardroom intelligence to clients.
* The incomes of landlords are no doubt all over the map. But the CEOs at four of the big publicly traded residential real estate companies made about $8.13 million on average in 2015, according to Equilar.
* Doctors earn anywhere from $204,000 to $443,000 a year depending on their specialty, according to Medscape, a division of WebMD WBMD, +1.82%
With earnings like that, do these one-percenters really need to keep squeezing the budgets of average shoppers so much that they have to cut back on basics like shampoo and toothpaste at $1 a pop?
You decide.
http://www.marketwatch.com/story/the-one-percenters-are-now-destroying-dollar-stores-2016-09-08
now they are crazy mad and their deep resentment only outlet is to vote for trump. fukcers voted gop to destroy unions and any other protections they had.
too dense to understand that deporting immigrants and lowering the tax rate for billionaires will do absolutely nothing for them
yome says:
September 8, 2016 at 8:27 am
This is the America before jobs were outsourced. Uneducated factory workers can buy a house,can afford to send their kids to College,retire with a pension. The American Dream did exist to the lower class with jobs.
Shocking! Over-taxed and over regulated states are feeling the pain.
“The Obama administration is pushing back on doubts about the future of the Affordable Care Act individual insurance marketplace.
Despite withdrawals from the marketplace by major insurers and big premium increases for marketplace health plans, Health and Human Services Secretary Sylvia Burwell said on Thursday that the marketplace remains stable. . . .”
http://www.bing.com/videos/search?q=kevin+bacon%2c+animal+house%2c+remain+calm&view=detail&mid=82392886C0208253417482392886C02082534174&FORM=VIRE
Alt-Right is a cute “branded” gimmick from the Clintons. They are actually “ALt-Right”. The Right is the right (Jeb,Rommney), then you got the Far right. The Left was Berney. The Center is Trump. the corporatist/1% crowd is the “Alt-Right”. Nice attempt at redefinition of concepts from the Clinton crowd.
To your post below. The answer is “Clinton” aka “Alt-Right”
-Who weakened labor laws?
-Who let China into WTO?
-Who signed NAFTA?
-Who took out Great Depression protection-> Glass-Steagal?
-Who took out Great Depression protection->Media ownership rules?
-Who took out Great Depression protection->Welfare protection of kids?
-Who privatize student loans?
-Who ignored AQ & BinLaden?
now they are crazy mad and their deep resentment only outlet is to vote for trump. fukcers voted gop to destroy unions and any other protections they had.
too dense to understand that deporting immigrants and lowering the tax rate for billionaires will do absolutely nothing for them
Alt-right (the good one),
If you ran a large business or corporation, don’t tell me you wouldn’t preserve profit at almost any cost (pun or no pun intended). Please, save the self-serving, not me attitude for someone else. If the liberal mind-set infiltrated large corporations, this forum we’re writing on wouldn’t even exist.
Carve your own path, work for your own survival and forget about everyone else. How difficult is it for you stup1d, f.ucking l1berals to understand?
Anon is one of the people who Lincoln was talking about when he delivered the quote about “you can fool some of the people all the time”.
After just a few months of the Clinton campaign his now in favor of wealth disparity economic policies and has no doubt become a neocon, and is too dumb to realize it because all he’s capable of is parroting the campaign rhetoric.
And he’s clearly too dense to make a connection between 10-15 million under the table wage earners and stagnant wages among labor. Not to mention the inability of the poor to join the economic ladder because they’re being undercut.
Twidiot;
fukcers voted gop …
Are you ignorant to who’s been president of the United States these last 7 years, or what party he represents?
They voted for the president that “gave” them Obamacare — rammed down their throats. How’s that done for jobs (hint: lots of 29-ers, part-time jobs with no benefits; slowest post-recession recovery in history)? They voted for the party that unilaterally decided to rewrite the immigration laws and allow illegals to flood in — I suppose you’ll say those illegals were taking white-collar jobs?
You really need to get your narrative together for a long conversation with reality.
And who is responsible for this? Profit and greed are responsible for this. Nothing else is to blame.
nwnj3 says:
September 8, 2016 at 11:47 am
And he’s clearly too dense to make a connection between 10-15 million under the table wage earners and stagnant wages among labor. Not to mention the inability of the poor to join the economic ladder because they’re being undercut.
So I assume you think there are enough good paying jobs for everyone. Ignorance is bliss…rah rah!
Fast Eddie says:
September 8, 2016 at 11:29 am
Carve your own path, work for your own survival and forget about everyone else. How difficult is it for you stup1d, f.ucking l1berals to understand?
So I assume you think there are enough good paying jobs for everyone.
Without a doubt. It’s not even an issue. Learn how to construct whole sentences and dress appropriately. It’s amazing how far one can go with common sense and a command of the basics. Ignorance is bliss? Stop! Save it for someone else. Go to Indeed or Simply Hired and tell me there are no jobs. You think Oblammy or the government gives a flying sh1t about you? Get off your fat, f.ucking @ss and stop worrying about the other guy!
Profit and greed are responsible for this.
Do you realize how stup1d you sound? You sound defeated! Do you realize repeating these sound bites is the mark of a loser? Would you hire someone who repeated this statement?
Your handle says it all: lost!
Who you gonna call?
https://www.youtube.com/watch?v=v4IC7qaNr7I
Translation: no one is immune to capitalism’s corruption which is designed to destroy any and everything it can for the sake of a dollar. But we should still blindly support this untenable ideology at our own peril because new iPhones are cool.
Fast Eddie says:
September 8, 2016 at 11:27 am
Alt-right (the good one),
If you ran a large business or corporation, don’t tell me you wouldn’t preserve profit at almost any cost (pun or no pun intended). Please, save the self-serving, not me attitude for someone else. If the liberal mind-set infiltrated large corporations, this forum we’re writing on wouldn’t even exist.
Isn’t this the tool that used to go on and on about obamaphones? Eddie should take his own advice and quit spending hours each day b!tching about others on this blog.
Fast Eddie says:
September 8, 2016 at 11:29 am
Carve your own path, work for your own survival and forget about everyone else. How difficult is it for you stup1d, f.ucking l1berals to understand?
Ottoman,
Come to papa!!
no one is immune to capitalism’s corruption which is designed to destroy any and everything it can for the sake of a dollar.
LMFAO!! I hope the pebble fragments in your home made bread don’t break what’s left of your teeth!
Geezus Eddie. Dogmatic much.
https://www.youtube.com/watch?v=tpAOwJvTOio
Geezus Eddie. Dogmatic much.
As opposed to a l1beral’s way of thinking? Please.
Christ, the Alt-Left is all over this board and Essex is off his meds again.
See you all tomorrow.
Further evidence liberals have a mental disorder…
“Brown University to install tampon dispensers in men’s bathrooms.”
Well now we know why Plumpkin has been off the board. He’s been prepping his house for sale. There must be a double yellow nearby.
$35MM for this? I don’t think so.
http://www.northjersey.com/news/interested-mahwah-country-estate-hits-market-at-35-million-1.1656782
“Carve your own path, work for your own survival and forget about everyone else. ”
I don’t think that’s the message conveyed on the base of the Statue of Liberty.
Interesting piece.
Confessions of a Clinton reporter: The media’s 5 unspoken rules for covering Hillary
http://www.vox.com/2015/7/6/8900143/hillary-clinton-reporting-rules
Me? Ha….I’m fully medicated. Thank You.
cunt
Haha. I just wanted to see if it was blacklisted.
Rory,
I want those three minutes back. A nice piece of projection, really: shilling for Clinton by arguing that the media is not shilling for her (and subtly impugning the right all the while–no wonder you liked it).
“When the last tree has been cut down,
the last fish caught,
the last river poisoned;
only then we will realize that one cannot eat money.”
@jonlovett
THIS CAMPAIGN IS THE DEFINING EVENT OF YOUR LIFE AND YOU WILL BE REMEMBERED AS A SHAMELESS MORON
@mike_pence
Ronald Reagan & @realDonaldTrump are different men w/ different styles,
but are fundamentally similar in their honesty, toughness & optimism
There you go again Comrade. The media shilling for Clinton? The media is shilling for itself. It is in the media’s self interest to shill for Trump and keep this contest looking interesting. Their job is to sell advertising time!
Do you really believe there are enough angry white men in this country to elect Donald Trump? Never going to happen.
@nytpolitics
“In an event aboard the decommissioned aircraft carrier Intrepid, the “Today” host was lost at sea. Seemingly unprepared on military and foreign policy specifics, he performed like a soldier sent on a mission without ammunition, beginning with a disorganized offensive, ending in a humiliating retreat.”
@sopandeb
Trump has glowing words of praise for Matt Lauer’s performance last night at the NBC forum
@StephenKing
Instead of holding Trump’s feet to the fire, Matt Lauer seemed to warm his hands at The Donald’s celebrity glow. A poor showing.
30 year
You have a simplistic(saying it kindly) view of the major issues.
Immigration is a big issue but it’s not a raci@l issue, despite constant attempts by the media and the Democrat party to portray it that way. 10-15M illegal workers have decimated the lower classes and are straining our soci@l institutions massively.
Economically the Democrats not longer represents workers. Morons like anon are slow to come around to the fact but the Democrat party has left disenfranchised minorities and the working class behind.
Not to mention the security implications of wh0lesale imp0rting potential terrorists from the middle east. From what I saw in Orlando, San Bernadino, etc. the terrorists weren’t particularly concerned with ethnicity when they lined up the crosshairs.
LMAO at the Matt Lauer story. He’s a weenie lib if I’ve ever seen one and he’s being roasted for calling out Hillary for her duplicity. Nothing warms the heart more than libs at each others throats.
[30]
Media shilling for itself is inherent. Does it really need to be stated? And that was your only takeaway?
I was looking forward to an analysis and instead, it was deflection and projection and, to use Pete’s term, mental masturbation.
Considering the source, I was foolish to expect different. My bad.
Alex,
Considering the kind of “men” who attend Brown, I don’t find that odd at all.
Expat,
Nice to see that Otto can now be described accurately.
Well, off to Delaware to add to my “metals portfolio”. There’s a pretty decent sale at Cabelas.
Twitiot, why don’t you come visit? We can go to the range.
Nom, well stated.
I poured my coffee into a sippy cup this morning and almost left the house with it,might be time for a sabbatical.
This election continues to be a true sh1tshow. The rest of the world must be laughing.
And the republicans represent the working class? They are responsible for the initial destruction to the working class through reaganomics policy(you know bust unions etc…). Democrats have just slowly drifted in the same direction as the republican party to the point where they are today….exactly the same. So why fight over parties, whoever wins will produce the exact same policies and results. Why even have an election? You are telling me that there will be a difference between Trump and Clinton? Just like there was a difference between Bush and Obama? I saw absolutely no difference, obamacare would have come under a Republican too. Health Industry lobbied for it, didn’t matter who was president, it was getting shoved down our throats. The naive believe that Obama is responsible for it, when the need for profits drove that decision. Health industry wanted more customers and higher profits, and they did what they could within the laws of our country to get it done.
“Economically the Democrats not longer represents workers. Morons like anon are slow to come around to the fact but the Democrat party has left disenfranchised minorities and the working class behind.”
heads up (change the 3 to an e in p3nis)
http://www.dailymail.co.uk/sciencetech/article-3781353/iPhone-7-s-new-slogan-translates-p3nis-Cantonese-Users-Hong-Kong-mock-Apple-s-advertising.html
Yes, by default. See below and invest an hour.
And the republicans represent the working class?
diskenisia miskenisia says:
August 9, 2016 at 3:29 pm
If want to hear a kick @ss show (57 mins)-explains a lot. Can’t link you tube.
search in you tube – “Thomas Frank on Citizens Band Radio | May 2016 – The Center for Media and Citizenship at Univ of VA”.
Great quote ” We have what Hamilton wanted, a debt based country”
Both sides will love it.
The Original NJ ExPat says:
August 9, 2016 at 5:12 pm
[86] Very good listen. I concur that both sides would probably enjoy it. Here’s the link:
https://www.youtube.com/watch?v=hhHCayfHORA
Frank (the guest) is the author of this book:
https://www.amazon.com/Listen-Liberal-Happened-Party-People/dp/1627795391/ref=asap_bc?ie=UTF8
lost…exactly!!! Which is why my stomach churns whenever I see the Pavlovian cheerleaders rally for their individual parties. And there are a lot of incredibly bright cheerleaders here (no, not you Twitiot). It is natural to attack the individual personalities (or lack of) of her and him. But ultimately, it doesn’t matter which of those clowns get elected. Though in this particular election, Hillary’s complete lack of ethics and morality and constant pandering is so incredibly great that her own ignorance of it might be her undoing. This overwhelming public distrust of her from nearly everyone except from the thirstiest of the Kool Aid drinkers might somehow put the great egoist buffoon, who nearly daily reveals his complete lack of diplomacy and utter disregard for fact or even precedent, in the white house.
It’s like choosing between eating Fugu prepared in an all you can eat sushi joint with sharing a bed with Jeffrey Dahmer.
Did anybody see Hillary’s 15 minute “press conference” yesterday on the tarmac at Westchester airport yesterday? I think the real photo op was to shoot her full of uppers and show that she could climb the stairs to her plane by herself. I asked myself “Where is she going?” I checked her schedule and there was a voter registration drive in the Carolinas scheduled for today, so I’m thinking maybe she’s going down a day early. Today that event is wiped from her schedule and she has nothing scheduled between now and the Ellen DeGeneres show on the 14th. She’s in medical isolation.
Lost if the insurance companies wanted obamacare why are so many pulling out of the exchanges? Profitable? I don’t think so!!
3B: I’ll explain in a minute, but I’m too busy. The short story is that they reaped the profit before they had to pay for it. Now that the bill is due, they’re pulling out.
Matt Lauer interrupted (sheepishly) Hillary 7 times during the Commander-in-Chief Forum. He interrupted (forcefully) Trump 13 times. So all of the Hillary supporters claiming that Lauer treated Hillary unfairly because she is a woman, can BTFO!
And don’t forget…I put my money where my mouth was and made boring, slow growing (call it a staple) UNH my largest individual stock investment for about a year in a half.
What the MSM won’t tell you about Obamacare. Liberal young men literally broke Obamacare like a cheap con*dom.
Aetna said its losses on the heath care exchanges were all driven by specialty pharmacy.Specifically Gilead and their HIV and hep C drugs.
Yup we have a $3 trillion health-care system, and it is still broken mainly because of the young gay males. In today’s information age 50,000 Americans get HIV every year, and 75% of all infections are gay men.
Gilead even makes a HIV prevention drug PrEP but they won’t take it, they wan’t their lifestyle choice of screwing anyone they want whenever they want and you too since you will pay for it.
3b,
“How does this affect Obamacare? Obamacare was created to insure individuals who can’t get employer sponsored health insurance and assumed that health insurance companies actually wanted to provide health insurance. In reality health insurance companies are happier pocketing a fee to negotiate bad deals with providers with no actual risk to themselves.
So insurance companies have actually found a way to write themselves out of the risk they’re supposed to be managing and we’re all paying the price.”
http://www.huffingtonpost.com/david-belk/the-obomacare-paradox-the_b_8735042.html
Two words. Pre-existing conditions. No insurer of any type could be profitable if you can wait for your house to be on fire and then by a homeowner’s policy. That can only work with fully socialized single payer insurance where everyone is covered all the time. To that end, I think all automobile liability insurance should be baked in to the price of gasoline. No more uninsured drivers.
Lost if the insurance companies wanted obamacare why are so many pulling out of the exchanges? Profitable? I don’t think so!!
buy
That’s exactly how it works with companies that have the resources to self-insure. Here’s a dirty little secret that is counterintuitive. If you self-insure, companies like Blue Cross will pay you to administrate your plan to the tune of about $100-$200 per head per month. Why? Because they carry no risk while enjoying pumping your money through their provider network and using it, ala Clinton, to buy influence.
In reality health insurance companies are happier pocketing a fee to negotiate bad deals with providers with no actual risk to themselves.
What’s up with the market today. I saw that the ten year was up like 8% this morning and figured there must have been some FED speak about interest rates. Is that why market is tanking?
“If you self-insure, companies like Blue Cross will pay you to administrate your plan to the tune of about $100-$200 per head per month. Why? Because they carry no risk while enjoying pumping your money through their provider network and using it, ala Clinton, to buy influence.”
ExPat…that’s what my company does. I briefly hinted that I was doing a fundraiser to help pay for my cancer kid. My HR rep (who I am close with), gave me the look of death before I even suggested the company contribute. They’ve already paid 800K for this treatment so far and we haven’t even started Proton Radiation yet.
Lib;
Going long UNH? Classic JJ strategy: Don’t fight the tide, ride it.
Twidiot executing today’s marching orders (Lauer’s a dolt) without thought or question. First, he’s YOUR dolt, moron. Beyond that, anyone who can’t see they’re just working the refs before the debates? Watch your back, Lester Holt — you’ll throw Hillary a solid CandyCorwley when she needs it, if you know what’s good for you.
https://pjmedia.com/instapundit/243432/
https://pjmedia.com/instapundit/243495/
Moose. WENT long UNH as soon as ACA was passed. Sold a little early but nearly doubled my money in a little over a year. I am not greedy. I knew from day one that it was a thank you to the insurance lobby. I watched single-payer sink so quickly I knew both sides were paid to make it so. My house is filling with medical supplies of which I will throw out 9/10ths of it come October. Every time we get to spend a week at home, the insurance company sends me enough medical supplies to open a Walgreens. I literally have 12 cases (yes cases) of formula at home. That’s about $150 per case. Then there are all of the medical supplies. Ten Feeding tubes at $25 each. I will easily be disposing of $5,000 worth of supplies. 90% of which is absolutely unnecessary.
This debate will get better ratings than the Super Bowl. I can’t wait. I just hope Trump really lets go and rattles the krap out of HER. You know she’s just going to go with the whole where’s your tax returns, you lack experience BS.
Wake me up when this election is over…
Fat man sings.
http://michaelmoore.com/trumpwillwin/
And when the votes are counted and this new “support” evaporates, they will know they’ve been had. The only question that remains is whether the magnitude of the loss (assuming no direct evidence) will be explainable only by strategic voting in the primaries.
http://www.foxnews.com/politics/2016/09/09/trump-card-republican-voter-registration-bright-spot-for-campaign.html
Reminds me of a few in here.
http://www.motherjones.com/politics/2016/09/confessions-gun-range-worker
How about it, Fabian? Trip to the range sometime? You trust me?
We got us a badass here i suppose.
Who, Fabian?
Wow. Even NPR weighs in. Hillary characterized *every* Trump voter as either deplorable *or* an economic loser. I think in political terms we would characterize this as both tone deaf and completely out of touch with the electorate, not to mention news cycles. “The Democratic nominee, at a New York fundraiser Friday night with liberal donors and Barbra Streisand, said “half” of Trump supporters fit into a “basket of deplorables,” while the other half are people who feel the government has let them down and need understanding and empathy.” http://www.npr.org/2016/09/10/493427601/hillary-clintons-basket-of-deplorables-in-full-context-of-this-ugly-campaign