Obama metrics; then versus now

obama

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National banking metrics; lowest percentage of unprofitable banks since Q3/97

Buoyant Banks

Net income at all 5,980 FDIC insured banks rose $5.2 billion Y-o-Y to $45.6 billion in 16Q3. Looking at the subset of 5,521 community banks, quarterly net income rose $593 million Y-o-Y to $5.6 billion. Better yet, fewer than 5% of banks said they were unprofitable, the lowest percentage since 97Q3 and the number of banks appearing on the FDIC “problem list” shrank to 132, the lowest level since 08Q3.

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Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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FHFA HPI for the Raleigh MSA; 3Q/16

This index states that house prices within the MSA (Metropolitan Statistical Area) increased 6.8% compared to 3Q/15.
The gain between 3Q/14 and 3Q/15 was 8.7%, so there has been some softening in house price increases.
The index uses repeat sales of the same property which I believe is the most accurate way to measure house price trends.
North Carolina ranked 14th among the 50 states during the quarter with an 6.3% average increase.
Florida, Oregon, Washington and Colorado were the top 4 states, each with increases >10%; sound familiar?

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Case Shiller House Price Index for September, 2016

case

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Predictions for 2017

2017

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Americans on the move? much lower rate then seen in previous years

Moving Mojo

One reason existing home sales and inventory have recovered so slowly is a decline in moving. The percentage of Americans that moved fell to an all-time low of 11.2% in 2016 from a peak of 42% in the early 1950s. Numerically, moving activity topped out in 1984 at 45 million and has steadily fallen to 35 million today, the same level as in 1962. The average American moves 11 times.

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Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC
elliot@graphsandlaughs.net
Cell: 202.306.2731
http://www.econ70.com

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National new home sales for October, 2016; blowout month compared to October 2015!!

Sales of new single-family houses in October 2016 were 563,000 at a seasonally adjusted annual rate (SAAR), down 1.9 percent from September’s revised rate, but up 17.8 percent from October 2015.

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