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Earlier: NAR: Existing-Home Sales Decreased to 5.38 million in SeptemberA few key points:1) Existing home sales were up 3.9% year-over-year (YoY) in September.  This was the third consecutive YoY increase - following 16 consecutive months with a YoY decrease in sales2) Inventory is still low, and was down 2.7% year-over-year (YoY) in September.3) As usual, housing economist Tom Lawler's forecast was closer to the NAR report than the consensus. See: Lawler: Early Read on Existing Home Sales in September.   The consensus was for sales of 5.45... -Calculated Risk
Catch up on today's top five analyst upgrades with this list compiled by The Fly: 1. HP Enterprise (HPE) double-upgraded to Buy from Underperform at BofA/Merrill with analyst Wamsi Mohan saying the company's underlying trends are improving. 2. CubeSmart (CUBE) upgraded to Strong Buy from Outperform at Raymond James with analyst Jonathan Hughes saying he believes Q3 results will be "positive" following what was likely a strong summer leasing season. 3. Consolidated Edison (ED) upgraded to In Line from Underperform at Evercore ISI. 4. Globant (GLOB... -The Fly
From HotelNewsNow.com: STR: US hotel results for week ending 12 October The U.S. hotel industry reported negative year-over-year results in the three key performance metrics during the week of 6-12 October 2019, according to data from STR.In comparison with the week of 7-13 October 2018, the industry recorded the following:• Occupancy: -1.4% to 70.8%• Average daily rate (ADR): -1.2% to US$131.38• Revenue per available room (RevPAR): -2.6% to US$92.99STR analysts attribute performance declines in many markets to the Yom Kippur calendar shift. Travel... -Calculated Risk
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