October 2021

JPMorgan Says Institutional Investors Are Replacing Gold With Bitcoin

Construction — especially specialty trade contractors — a bright spot in otherwise weak September jobs growth

NFT sales surge to $10.7 billion in Q3 as crypto asset frenzy hits new highs

2 reminders for home sellers about costs & market dynamics that eat up profits

If you purchase a home, there could be pretty substantial costs: transaction fees, taxes, closing costs, mortgage costs. In general, the shorter your time in the home, the less time you have to make up for those costs.

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6 Charts Explain Why Mortgage Rates Much Higher Despite Weaker Jobs Data

Lamborghini Just Recreated The Original Countach Prototype

Score one for the quietest, most angsty generation: Gen X wealth up 50% during pandemic

Survey: More Than A Third Of Economists Say Inflation Will Be More Significant Than Expected This Year

Friday Funk: Edge Of Fear

Pandemic is waning but we're still raw, so Friday Funk #109 is Speedometer's Edge of Fear. Get your cool back for the weekend, and beyond.

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Normally mortgage rates would improve when jobs miss this bad (194k new Sept jobs vs 500k forecast), but rates worse for now on belief Fed will proceed with trimming mortgage bond & Treasury note buying in Nov.

September’s jobs creation comes up short with gain of just 194,000 vs 500k forecast

How Biden infrastructure proposals combine with private sector fintech to help struggling homeowners

Anyone Seen Tether’s Billions? A wild search for U.S. dollars supposedly backing the stablecoin at center of global cryptocurrency trade—and in crosshairs of U.S. regulators & prosecutors.

Opendoor Raises Billions To Buy Thousands of Homes

Is Amazon Stepping Into The Mortgage Industry?

Inflation is still hot. So is real estate a good inflation hedge? CHARTS from NAR economist Lawrence Yun help answer