What’s on the financial calendar for the week of 10/30 to 11/3?

Woman monitors financial markets

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.

in 10 minutes?

The pre-approval process is lightning fast, and can be completed
in under 10 minutes. Grab a few important documents to get started.
  1. Tax Returns
  2. Copies of W-2s (or 1099s for independent contractors,
    freelancers and the self-employed)
  3. A payroll stub
  4. A bank statement
  5. Loan obligation info (student loans,
    auto loans and credit cards)

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. 

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.