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What data are you most looking forward too?
What data are you most looking forward too from now until the end of the year and why?
Jobless claims.
Reason being, not sure how reliable the unemployment data is. I am mainly curious to see if/how joblessness/unemployment will impact RE inventory.
Looking forward to the other input on the thread.
Great question, @Bobby Paquette!
#3 All Forums Contributor
- Investor
- Virginia
Quote from @Bobby Paquette:
What data are you most looking forward too from now until the end of the year and why?
Jobless claims. We invest in distressed debt and jobs is the #1 factor on people's ability to pay their mortgage.
Quote from @Abel Curiel:
Jobless claims.
Reason being, not sure how reliable the unemployment data is. I am mainly curious to see if/how joblessness/unemployment will impact RE inventory.
Looking forward to the other input on the thread.
Great question, @Bobby Paquette!
Love it! You think it will increase inventory?
Quote from @Chris Seveney:
Quote from @Bobby Paquette:
What data are you most looking forward too from now until the end of the year and why?
Jobless claims. We invest in distressed debt and jobs is the #1 factor on people's ability to pay their mortgage.
2/2 on the Jobless Claims!
Quote from @Bobby Paquette:
Quote from @Abel Curiel:
Jobless claims.
Reason being, not sure how reliable the unemployment data is. I am mainly curious to see if/how joblessness/unemployment will impact RE inventory.
Looking forward to the other input on the thread.
Great question, @Bobby Paquette!
Love it! You think it will increase inventory?
I think it will. Whether or not it will be a statistically significant increase is another story.
#1 Market Trends & Data Contributor
Quote from @Bobby Paquette:
What data are you most looking forward too from now until the end of the year and why?
zillow home index especially on Q3-Q4.
I don't care so much about jobless index because first that number is too vague, second , there's no strong correlation to real estate anymore and third, it doesn't display the distribution of the money.
I mean if tomorrow we have 8% unemployment, I hardly see the effect in real estate. Why ? because the number of money floating in the bank is still the same.
If tomorrow we have 700% more unemployment but the Fed would acquire more securities and printing more money, RE price is going up even further.
- Rental Property Investor
- Brandon, SD
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I cast my vote for unemployment. If it spikes, the effect on RE won't be immediate, but all those people who got a great rate, so they bought a way-too-big house and are affording it only because of their current income will need to sell quickly. If they stop paying the mortgage, it'll take some time for the foreclosures to go through, unless they put their house on the market sooner. I suspect at that time we will see increased inventory.
