Blackrock: Two Statistics

Two statistics from Blackrock I noticed this week that I found interesting.

Statistic 1:  The Inverse Relationship Between Wealth and Savings.  

"As stock, bond and housing values rise, consumers tend to feel wealthier, leading them to spend more. That increase in spending comes about not from rising incomes but because consumers are saving less. However, without growing incomes, the economy remains too vulnerable to financial market conditions such as interest rates."

Statistic 2:  Housing Prices Up in September.

We'll put this in the "Things Are Getting Better Category".  {Highlights are from Blackrock.}

11.5%: Increase in asking home prices year-over-year

"Asking home prices jumped 2% across the US in September, helping contribute to an 11.5% year-over-year gain, the largest increase since the housing crash. However, the overall trend shows that both price gains and rents are slowing down. Last month 11 of the 100 largest cities had quarter-over-quarter price decreases. Keep in mind that asking prices lead sales prices by about two or more months."

Posting Note:  I will be out on Monday but will be back here bright and early Tuesday morning!