FINANCIAL TIMES: “Employers are now so overwhelmed with graduate applications, they don’t look at academic achievements"

“Employers are now so overwhelmed with graduate applications, they don’t look at academic achievements," per FT.

— unusual_whales (@unusual_whales) October 9, 2024

CHARLIE BILELLO: Home prices in the US are up over 50% in the last 5 years, more than double the increase in wages

Home prices in the US are up over 50% in the last 5 years, more than double the increase in wages, per Charlie Bilello.

— unusual_whales (@unusual_whales) October 9, 2024

Half of all listings have lingered on the market for at least 60 days, the highest since 2019, per Redfin.

— unusual_whales (@unusual_whales) October 9, 2024

"House-rich consumers are using their homes to help them get out of debt," per YF.

Use of home equity lines of credit — a type of revolving loan that developed a troubled reputation for its role in the 2008 financial crisis — is on the rise.

— unusual_whales (@unusual_whales) October 9, 2024

According to the Consumer Financial Protection Bureau, nearly 60% of the 50.8 million active mortgages have interest rates below 4%.

— unusual_whales (@unusual_whales) October 9, 2024

About 25 of every 1,000 homes were sold between January and August. That means 37% fewer homes were sold between January and August this year than during that same period in 2021, per Redfin.

— unusual_whales (@unusual_whales) October 9, 2024

Austin, Texas saw the largest percentage decrease in home sales over the last five years of all 50 major metro areas analyzed by Redfin.

The Texas state capital recorded 30 sales for every 1,000 homes this year, just about half of the 2019 rate, per Redfin.

— unusual_whales (@unusual_whales) October 9, 2024