Premium Domain Names for Sale at CrocoDom.com
Fannie Mae's in-house analysts still see a recession coming even as recent economic data comes in more robust than expected.
"The economy has remained more resilient than we expected earlier in the year, but we believe it is still on a decelerating path and additional drags are likely forthcoming," Chryssa Halley, CFO of the government-sponsored enterprise that guarantees millions of home loans, said on the company's second quarter earnings call on Tuesday.
"While noting the probability of a soft landing may have increased of late, our economic and strategic research group expects the economy will enter a modest recession in the fourth quarter of this year or the first quarter of next year."
The reason for the ongoing recession prediction? The economy and consumers haven't fully absorbed the effects of tighter monetary policy and stricter lending standards, with Halley maintaining that more "banking stress remains a possibility."
That was one of a handful of insightful takes on the economy and housing from Fannie Mae, which reported second quarter net income of $4.99 billion, up 7.3% year over year.
Another takeaway? Housing will play a key role in lifting the economy out of that "modest" recession, specifically new-home construction and sales, Halley said.
So far, new-home sales and construction have at times been the few brighter spots in a murky housing market where high mortgage rates have depressed inventory levels on the resale side. These inventory levels have then in turn helped to prop up home prices as the historically low supply can't keep up with the lukewarm demand from buyers.
Fannie Mae, too, noticed that dynamic.
"This lack of existing-home supply drove stronger-than-expected home price growth," Fannie Mae CEO Priscilla Almodovar said on the call. "In fact, we estimate that single-family home prices rose about 5% during the first six months of the year, while many of us were anticipating a decline."
As a result, Fannie Mae analysts projects US home prices will grow 3.9% this year. That's a bit more optimistic than others — who expect no growth this year — and comes after home prices logged four straight months of increases.
Prognosticators at the government-sponsored enterprise also expect mortgage rates to average 6.6% for the year. That's not much lower than the current rate on the 30-year fixed mortgage, which hit 6.81% last week.
Read more: What the Fed rate hike means for mortgage rates and loans
That's all but killed the refinance business, which is but a whisper of what it had been during the pandemic, according to this supplemental chart showing how much market liquidity Fannie Mae provided.
You can't see it, but the total unpaid principal balance for single-family refinancing was $24 billion year to end of June, a tenth of the $237 billion volume from the year before and less than 3% of each of 2020's and 2021's totals. (The chart also illustrates just how much housing activity overall has slowed.)
"Not surprisingly, given the rate environment, the purchase share of our acquisitions reached 86% in the second quarter, a level we have not seen for at least 23 years," Halley said.
Janna Herron is the personal finance editor for Yahoo Finance. Follow her on Twitter @JannaHerron.
Click here for the latest economic news and economic indicators to help you in your investing decisions
Read the latest financial and business news from Yahoo Finance
(Bloomberg) — The Federal Reserve Bank of Kansas City appointed a longtime former banker and bank regulator its new president to replace Esther George, who retired in January, continuing a history of naming former financial supervisors to lead the bank.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Bor
(Bloomberg) — After eight months of deceleration, Turkish inflation probably ticked back up in July on the back of a string of tax hikes introduced to fix a swelling budget deficit. Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseTreasury Rout Unnerves Traders as Stocks Retreat: Markets WrapCanada PM Justin Trudeau Splits With Wife Sophie GregoireS&P 500 Has Worst Day Since April After Big Rally: Markets WrapMissing Goldman Sachs Analyst Confirmed Dead by N
Award-winning finance journalist — and Social Security recipient — Allan Sloan writes about the looming problems with Social Security.
Foreign buyers bought 84,600 properties from April 2022 to March 2023, the lowest level since 2009.
(Bloomberg) — Economists at Bank of America Corp. scrapped their forecast for a recession in the US, becoming the first large Wall Street bank to officially reverse its call amid growing optimism about the economic outlook.Most Read from BloombergFitch’s US Credit Downgrade Sparks Criticism Along With UneaseMissing Goldman Sachs Analyst Confirmed Dead by New York PoliceS&P 500 Drops 1% After Rally as Bond Yields Climb: Markets WrapPoland Sends Troops to Belarus Border After Airspace BreachWhy t
The downgrade of America by Fitch will be taken in stride, explains Intel CEO Pat Gelsinger.
Caterpillar's latest results sent shares up more than 8%, serving as the latest sign recession fears may be misplaced as we enter the final months of 2023.
(Bloomberg) — Elon Musk sees a lot to like at the shortest end of the Treasury curve.Most Read from BloombergTrump Cites Self Incrimination Concern in Lawsuit Against CohenQQQ Churns in Late Hours on Apple, Amazon Earnings: Markets WrapElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Surprises in China, Sets India High During Sales SlumpChina Official’s Call to Save Xi’s City Angers Flood VictimsOn Thursday, Musk, the chief executive of Tesla Inc. and owner of X, the social-media platform fo
Households that make over $200,000 annually comprise just a sliver of all tax returns that are filed in a given year, but their movement between states can have a significant financial impact. When a state loses more high-earning tax filers … Continue reading → The post Where High-Earning Households Are Moving – 2022 Study appeared first on SmartAsset Blog.
The markets have been hot these past six months. The pace of inflation is cooling off, the Federal Reserve is expected to dial back its own pace of interest rate hikes, tech stocks are booming on the strength of AI, and in all, the S&P gave five consecutive months of gains through the end of July. But did we just see a black swan? Fitch cut the US government’s credit rating yesterday, from AAA to AA+, saying that the Federal government’s fiscal situation is likely to deteriorate significantly ov
If you're like most S&P 500 investors, you're celebrating your nearly 18% gains this year. But doubters are betting it's too good to last.
Operating a business on the side can give you valuable tax deductions as well as extra income. However, the Internal Revenue Service (IRS) decides if the business is actually a hobby or not. If the IRS says it is, you … Continue reading → The post IRS Hobby vs. Business: What It Means for Taxes appeared first on SmartAsset Blog.
Stock-market hype is overshadowing economic weakness, bankruptcies, and pressures on banks and commercial real estate, Danielle DiMartino Booth says.
Opendoor Technologies Inc. (OPEN) delivered earnings and revenue surprises of 18.42% and 5.31%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Palantir's (PLTR) second-quarter 2023 earnings and revenues are likely to have grown year over year.
Two EV stocks are making notable moves. Demand for electric vehicles and charging solutions deliver earnings and sales boost.
Block reported second-quarter earnings that topped estimates as the consumer Cash App business turned in a strong quarter.
Amazon reported its Q2 2023 earnings on Thursday after the market closed, beating on the top and bottom line despite earlier concerns about how its cloud business will fare. Amazon stock rose about 7% in after-hours trading.
Microchip Tech (MCHP) delivered earnings and revenue surprises of 0% and 0%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Fortinet (FTNT) delivered earnings and revenue surprises of 11.76% and 0.72%, respectively, for the quarter ended June 2023. Do the numbers hold clues to what lies ahead for the stock?
Premium Domain Names:
A premium domain name is a highly sought-after domain that is typically short, memorable, and contains popular keywords or phrases. These domain names are considered valuable due to their potential to attract more organic traffic and enhance branding efforts. Premium domain names are concise and usually consist of one to two words or two to four individual characters.
Top-Level Domain Names for Sale on Crocodom.com:
If you are looking for top-level domain names for sale, you can visit Crocodom.com. Crocodom.com is a platform that offers a selection of domain names at various price ranges. It is important to note that the availability of specific domain names may vary, and it’s recommended to check the website for the most up-to-date information.
Contact at email@example.com:
If you have any inquiries or need assistance regarding the domain names available on Crocodom.com, you can reach out to them via email at firstname.lastname@example.org. Feel free to contact them for any questions related to the domain names or the purchasing process.
Availability on Sedo.com, Dan.com, and Afternic.com:
Apart from Crocodom.com, you can also explore other platforms like Sedo.com, Dan.com, and Afternic.com for available domain names. These platforms are popular marketplaces for buying and selling domain names. Each platform may have its own inventory of domain names, so it’s worth checking multiple sources to find the perfect domain name for your needs.
#PremiumDomains #DomainInvesting #DigitalAssets #DomainMarketplace #DomainFlipping #BrandableDomains #DomainBrokers #DomainAcquisition #DomainPortfolio #DomainIndustry #DomainAuctions #DomainInvestors #DomainSales #DomainExperts #DomainValue #DomainBuyers #DomainNamesForSale #DomainBrand #DomainInvestment #DomainTrading