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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. 50 more words

In The News

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. 51 more words

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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. 42 more words

In The News

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.

In The News