What’s on the financial calendar for this week?
The Federal Reserve announcement on Wednesday, November 1st is likely to be the most impactful, but it’s not the only important item on the calendar this week. The following events, announcements, and reports are on the financial calendar for this week:
Monday, October 30th
None scheduled
Tuesday, October 31st
Employment cost index – August 2023
S&P Case-Shiller home price index (20 cities) – August 2023
Chicago Business Barometer – October 2023
Consumer – October 2023
Wednesday, November 1st
ADP employment – October 2023
S&P U.S. manufacturing PMI – October 2023
Job openings – September 2023
ISM manufacturing – October 2023
Construction spending – September 2023
Federal Reserve decision on interest rates
Fed Chairman Powell press conference
Thursday, November 2nd
Initial jobless claims – Week of October 28th
U.S. productivity – Q3 2023
U.S. unit-labor costs – Q3 2023
Factory orders – September 2023
Friday, November 3rd
U.S. nonfarm payrolls – October 2023
U.S. unemployment rate – October 2023
U.S. hourly wages – October 2023 & year-over-year
S&P U.S. services PMI – October 2023
ISM services – October 2023
Why is the housing market in warm weather states still hot?
In a recent interview with Fox Business, multiple experts discussed how states like Texas, Florida, and Arizona are able to keep their housing markets hot even when other areas seem to cool.
Marcus Phipps, a Texas real estate broker and National Association of Realtors member, said, “Only California has more residents than Texas does at this point, and we’re the second state to have over 30 million residents. Certainly, in the last three years, we’ve seen more and more sales in each of those last three years, with a slight decline in 2022. But even despite that, Texas real estate market remains incredibly strong, especially compared to pre-pandemic numbers.”
Phoenix and Scottsdale real estate agent Sindy Ready highlighted the new tech jobs coming into Arizona. Ready said, “We have a Taiwanese chip plant going in up in the north end of town. Intel is adding two plants down in the southeast end of our valley. There’s Amazon, Google and just all kinds of support companies that are helping these chip plants build their products. And so the demand for people moving into the market just in the business segment has been huge.”
Karen Lucas, founder of Lucas Realty Group in St. Petersburg, FL, highlighted competitive pricing in Florida. Lucas stated, “Now the pricing has calmed down a little bit, we’re getting back to our average 3% a year increase, but it’s still a healthy market, just so low inventory here. So, when people start looking, they realize that there’s not that much out there to choose from… But the properties that are really looking pristine are the ones that go very quickly.”
What does it cost to live like an MLB All-Star?
Have you thought about living the life of a Major League Baseball player? You may not get to see your name on a lineup card, but you can own the house of a big leaguer. Los Angeles Dodgers All-Star outfielder Mookie Betts has listed his home in Encino, CA. The current listing price of $8.495 million is 15% lower than the last time Betts tried to move his Encino mansion.
The home was originally listed for $10 million in February but disappeared from the market last May without finding a buyer.
The home comes with nine bedrooms, over 9,400 sq. ft. of space, a full chef’s kitchen with walk-in pantry, a massive home theatre, a sauna, a putting green, a separate building with a full gym, and an infinity pool. The home is also privately gated and has two parking garages for four vehicles.
Pre-Approval
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in under 10 minutes. Grab a few important documents to get started.
- Tax Returns
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freelancers and the self-employed) - A payroll stub
- A bank statement
- Loan obligation info (student loans,
auto loans and credit cards)
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