From CNBC:
Home prices cooled in July at the fastest rate in the history of S&P Case-Shiller Index
U.S. home prices cooled in July at the fastest rate in the history of the S&P CoreLogic Case-Shiller Index, according to a report released Tuesday.
Home prices in July were still higher than they were a year ago, but cooled significantly from June gains. Prices nationally rose 15.8% over July 2021, well below the 18.1% increase in the previous month, according to the report.
The 10-City composite, which tracks prices in major metropolitan areas such as New York and Boston, climbed 14.9% year over year, down from 17.4% in June. The 20-City composite, which adds regions such as the Seattle metro area and greater Detroit, gained 16.1%, down from 18.7% in the previous month. July’s year-over-year gains were lower compared with June in each of the cities covered by the index.
“July’s report reflects a forceful deceleration,” wrote Craig J. Lazzara, managing director at S&P DJI in a release, noting the difference in the annual gains in June and July. The 2.3 percentage point “difference between those two monthly rates of gain is the largest deceleration in the history of the index.”
Tampa, Florida, Miami and Dallas saw the highest annual gains among the 20 cities in July, with increases of 31.8%, 31.7% and 24.7%, respectively. Washington, D.C., Minneapolis and San Francisco saw the smallest gains, but were still well above year-ago levels.
first
Cash……buy with cash your not affected by the rise in housing except perhaps lower prices …..
NY Metro:
https://fred.stlouisfed.org/series/NYXRSA
And then you open that link grim supplied and your first reaction is either grief or joy. I’m curious to see that trend line in 12 to 18 months from now. I believe it will be flat at the very worst.
Hurricane Ian is almost a Category 5..Maximum sustained winds are now up to 155 mph, just short of the 157 mph threshold to become a Category 5 storm.
The Hurricane looks to be tracking for a hit between Sarasota and Ft Myers in the south with the greatest storm surge around Ft Myers.
Beachcam now…at Long Boat Key.
https://www.earthcam.com/usa/florida/longboatkey/?cam=longboatkey
Ft. Meyer’s beachcam
https://lanikaiislandresort.com/fort-myers-beach-webcam/
Apparently Yellen may be leaving the Biden Administration after the mid- terms. White House not happy with what they call her “blunders” ( now that’s rich!), which includes her acknowledgment that she was wrong on inflation, the Fed raising rates is a positive, and she disagreed also with Biden’s student loan forgiveness plan. She is also deemed not to be “political “ enough in her views/ decisions.
Business as usual. Taxpayers paying footing the bill. Bad enough we have to deal with inflation.
The failures of state authorities to reign in criminal behavior by staff at Edna Mahan has cost taxpayers tens of millions of dollars, from a $21 million settlement over claims of sexual and physical abuse to millions paid to outside law firms and consultants, according to public records reviewed by NJ Advance Media.
Janet Louise Yellen
August 13, 1946 (age 76)
Must be a great job if you still want to be doing it at 76. I don’t know a single person in my career who wants to, and some that can’t- after 65.
More tinfoil…..We trained for this? Then we had the CIA warn Germany and then executed the plan a week after Putin urged Europe to start using Nord Stream 2?
So Sleepy Joe threatened to end the Nord Stream pipeline in February (check the news if you haven’t seen the story of clips) and in June we had divers from NATO in the waters off Bornholm island in the Baltic sea (where the pipeline leaks are located about 12 miles offshore) for BALTOPS 22 practicing “mine removal” and “explosive planting” using divers and autonomous underwater vehicles (AUV) that travel underwater with a pre-programmed course.
https://seapowermagazine.org/baltops-22-a-perfect-opportunity-for-research-and-resting-new-technology/
Crazy stuff….this can only escalate…
It’s amazing how we are foaming at the mouth to ignite conflict on a global scale.
Has the $740 billion dollar Inflation Reduction Act kicked in yet?
Phoenix: Oh I agree, just pointing out that if you tell the truth it’s a problem. Biden White House is as dysfunctional as Trumps. As for politicians, mandatory retirement at 70. As for President the same , and one 6 year term, and done.
If China were to attack Taiwan, I wonder if the Chinese troops will perform as poorly as the Russians, what will their morale and enthusiasm be like?
Phoenix – re: “Must be a great job” Yellen works hard for an older person, flying back and forth between Berkley CA and Washington all the time, and then having to meet with sleepy Joe weekly to discuss the declining economy and declining polls.
Here is a recent picture of her on a Delta Flight seated in coach row 19 on Sept 8th reading classified materials.
https://tinyurl.com/4z54edhm
I wonder if the Chinese troops will perform as poorly as the Russians.
The Russians are only performing “poorly” as they are really fighting the Americans which technologically they are no match for.
Juice: At least Yellen is intelligent, must be hard talking to old Joe, not very bright! nit well read. 50 years in DC no accomplishments that I am aware of.
What the serious fuck England? Chi, rumors on some UK plans caught on the wrong side of a levered gilt trade?
“Beachcam now…at Long Boat Key.”
Not for anything but those stacks of plastic beach chairs are going to fly around like in a blender in 155 mph winds….
“Apparently Yellen may be leaving the Biden Administration after the mid- terms. She is also deemed not to be “political “ enough in her views/ decisions.”
Wouldn’t surprise me if she were looking to leave as well…I’m ambivalent toward her, like her fiscal hawkishness actually, yet felt empathy as I watched her in front of several Congressional hearings…she’s had a distinguished career and she was forced to be in public hearings on the record trying to support gibberish…at a point in one hearing I think one Senator actually asked her that…’Madam Secretary, you have a distinguished record, are you certain you want history to judge you on these positions?’ She’s looked visibly pained supporting many Admin policies…can totally see the charge she is not ‘political’ enough…..
Russia didn’t attack it’s own pipeline. That just doesn’t make sense.
But keep punching someone in the nose until they pull out the gun you think they weren’t going to use. Then you will see the fans empty the stadium when they find out its no longer a game but a real massacre.
America thinks war is a spectator sport since they haven’t experienced the real thing on their own soil for quite some time.
“Here is a recent picture of her on a Delta Flight seated in coach row 19…”
My estimation of her just went up five fold….as opposed to someone like that pretentious, self absorbed douche like Kerry….
Scientists, economists, etc.
Only so much they can do when you have corrupt politicians.
The most fun ones to watch are the White House speakers. The ones paid to gaslight Americans using a forked tongue trying to spin something you know is a complete lie.
One thing Americans don’t ever like hearing is reality and truth. Seems most prefer lies as long as it benefits them. It’s really bizarre.
Phoenix re: “forked tongue” and “seems most prefer lies”
Yeah when the white house was asked about the pipeline bombing yesterday Press Secretary Karine Jean-Pierre said buy an electric car….lol….way to twist that one. She should be an SNL Skit….
3B – Latest batch of Russian recruits are slightly older men with former Russian Army experience and well older weapons too. Here a picture of Ivan, severe alcoholism made him look slightly older than his rifle in this picture below. He is inspecting his newly assigned Russian AKM rifle a classic soviet weapon last produced in the 1970s….
https://tinyurl.com/5n77urrp
On the bright side, they won’t have to give them all crew cuts.
3b
Maybe hunter will replace Yellen. He’s the smartest guy our leader knows. And he’s a fixer.
From the history book, but still on target as always.
https://youtu.be/AtK_YsVInw8?t=157
If this past 3 years have proven you anything, you would see that your scientists are equally corrupt.
Lib – They gave them no scope on the gun either…it’s hard enough for a 20 year old to hit a target without a scope, grandpa here doesn’t stand a chance with his myopia.
The Ukrainian boys all now being outfitted with NATO standard gear after they decided to switch. A normal kit for a Spec Ops NATO solider is about $100,000. We have given them a smaller package that cost $15,000 per soldier, but that includes scopes and night vision etc. We are shipping them winter solider gear now in the latest tranche of military systems. The lend lease law signed a few months ago now means Humvees and all kinds of modern US gear will be there. It’s also time for “Rasputitsa” when the mud season returns due to rain and then it gets cold quick….in about six weeks it will all freeze and there will be no foliage to cover your foxhole.
re: “Maybe hunter will replace Yellen”
Nah Wall St gets what they want. They have Kashkari on the back burner at the Fed. He knows when the loans start to go south the government needs to cut a big checks to the banks to keep the casino open.
https://www.wsj.com/articles/kashkari-says-fed-needs-to-keep-tightening-until-theres-compelling-evidence-of-declining-inflation-11664304009
Manasota Key, FL – Storm surge does not look to bad as we are at low tide now. High tide will be around 6 PM.
https://www.pureflorida.com/beaches/live-beach-cam/
Here is the bay further south in Punta Gorda, tide is out for sure.
https://www.ipcamlive.com/5d42fff5d1dab
Lovin’ it. Ba da da da da.
It’s amazing what some people think is funny. Going down in flames like MH17
Dolt.
Gov. DeSantis appointee in predominantly black county resigns after photos emerge of him wearing a KKK outfit at a Halloween party
I better rethink my plans to go as Lizzo this year.
It’s still early, but this is my vote for post of the day. I’m locked in.
“I better rethink my plans to go as Lizzo this year.”
It was a last minute invite and that was all he had on hand.
Kashkari says the Fed needs to keep tightening until their is significant evidence inflation is declining.
Actually, he said compelling evidence.
Kashkari says the Fed needs to keep tightening until their is significant evidence inflation is declining.
Or there are bread lines on the streets.
Most of the webcams are down in the area of the hurricane hit. Powers gotta be out for a huge area.
Weather channel and Twitter…
Storm surge is now above 6 ft in Ft Meyers and rising with the incoming tide.
https://mobile.twitter.com/hashtag/fortmyers?f=live
Predictions are peak storm surge will rush onshore AFTER landfall which is occurring right now. The highest winds are on the backside. Second floor of buildings may not be enough to escape as a 12-18 foot water rise is still possible this afternoon with high tide.
Here are the storm chasers web cams, live stream…
https://www.youtube.com/watch?v=x2aticerEcs
Florida boomers going to cry for free government handouts for new houses when they make the dopey mistake of buying a house there.
Car bubble.
https://youtu.be/2DgrL-T8LCw
Phoenix,
All the pro-Dumpy, go Ron, “live free in FL” dolts should experience the evacuation gestapo. My pro-R father lives near Tampa and said Desantis closed all pharmacies on Monday (two days before storm) and nothing open yesterday to get prescriptions filled. You also can’t home back to your home, once you leave. FREED-DUMBBB.
Crazy market today. TNX down 6%. Oil back up nearly 5%. Russell up almost 4%. You would think it was the end of the month or end of the season or something. Oh wait, it is.
:P
Where’s Jackie?
Would have been much better if he said, “F Jackie!”
Bet he runs again too.
I bet lots of people drown in their homes. Their houses can have impact glass and hurricane shutters but those are useless when a 10 foot storm surge hits your 1 story house .
Beer- stupid is as stupid does, already video of people swimming in the homes.
https://twitter.com/skyflyer81/status/1575201564243136512
And letting their kids swim in the storm.
https://twitter.com/CurtFernheiser/status/1575197524012703744
Here is another Darwin Award winner runner up.
https://twitter.com/CastiglioneFrnk/status/1575210669888405505
Longboat Key doesn’t seem to be bearing the brunt. Winds appear to have maxed at 57mph, shouldn’t get a storm surge. My wifi is still working, I was watching the security camera on the lanai. My pool float flipped over. The wind is whistling but no potted plants have fallen over on the deck. I kind of wish my pool cage would collapse so I can have insurance replace it, nearing end of it’s life.
Bystander,
What’s your emergency plan that’s so much better than Florida’s?
Meanwhile, turns out Biden called the wrong mayors in Florida a couple days ago. Too much of a jackass to call the Governor.
https://volusia.floridahealth.gov/newsroom/2022/09/tropical-storm-ian.html
The state of emergency allowed people to get early refills. If the left pharmacies open in risky areas, Phoenix would be whining that they risked young pharmacist lives so that “boomer could get his v1agra”. Can’t please you guys.
CNN reports Biden at a hunger conference today thanked various senators, and asked if Senator Walorski was there; she died in a car crash last month. He went on to say he did not think she was supposed to be there today. Is this just another Biden gaffe?? It’s so embarrassing.
No one,
But, but Ron is shutting down the economy and trampling on people’s freedom in Tampa when storm is well below in Fort Myers..sound familiar? Glad someone took the bait.
Good luck with your dad’s drugs. If that’s the worst of his problems, he’s doing better than many.
Juice
That guy should have left 2 days earlier. And prayed his engine didn’t break down.
No one,
He said absolutely nothing around Clearwater area. Little rain and moderate winds. I wish no harm on anyone. Just found it ironic that he was b*tching about shutting businesses down and how the evacuation police took away property rights. I agree with evacuation FYI.
Better safe than sorry. Remember, our governor didn’t even declare a state of emergency when flash flooding was forecasted in every county for Ida. Let’s see if his death count even compares to Grim reaper Phil.
Hurricane JJ style
https://twitter.com/Breaking911/status/1575258672816689152?s=20&t=_-91sE1GL-vciNniSYHqTA
Who says Jersey doesn’t have affordable housing.
https://www.zillow.com/homedetails/57-W-Pitman-St-Penns-Grove-Boro-NJ-08069-1215/39818345_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
A little further up the road.
https://www.zillow.com/homedetails/127-Dupont-Ave-Gibbstown-NJ-08027/38778116_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
Intriguing:
https://www.zillow.com/homedetails/412-Market-St-Gloucester-City-NJ-08030/38245294_zpid/?utm_campaign=iosappmessage&utm_medium=referral&utm_source=txtshare
Gloucester is suburban Camden. Rough area.
Other two may as well be in Alabama.
“ Marco Rubio voted against federal aid for the victims of Hurricane Sandy —
because it mostly affected the “blue” states of New Jersey and New York.”
Jim Cantore yesterday in the Punta Gorda area. It says he’s standing in a sustained wind of 61 MPH but my eye says it’s a bit higher:
https://twitter.com/i/status/1575206621730328576
Somebody in Naples:
https://twitter.com/i/status/1575266715293843462
Mike Seidel, playing games with God:
https://twitter.com/i/status/1575192833807597584
There were allot of sad tweets last night of people concerned about their elderly parents who live in 1 story homes in Ft Myers, Cape Coral as well as further south in Naples.
New report this morning on Good Morning America show from the County Sherriff says there are hundreds of fatalities in Lee County alone.
Scroll through these tweets and images… unfucking real:
https://tinyurl.com/vpkuddtr