January 2019

...

https://issuu.com/livsir/docs/liv_sir_resort_report_2018_issuu...

The benefits of living in the Vail Valley are endless, including year-round activities, a tight-knit community feel, high-end shopping and dining, and spectacular mountain views. Attracting buyers from around the world, the Vail Valley real estate market continues to prove as healthy and active.2018 resulted in a year of high demand for Vail Valley real estate with an 11.1% increase in average price,...

MORE EVIDENCE OF A U.S. HOUSING TOP, AS RATES RISE •       True, some of the recent housing data could be distorted by weather effects.  But U.S. housing starts fell -5.3% m/m in Sep, and are up only slightly y/y. Not all the news was bad, with single-unit permits up +2.9% m/m. However, weekly mortgage apps for purchase have also flattened recently, and declined...

This week’s revenue forecast downgrades from Apple and Delta Air Lines and Thursday’s steep dive in the ISM manufacturing PMI only appeared to confirm what market participants already knew: US growth is rolling over. After accelerating to a punchy 4% rate in mid-2018 thanks in large part to last January’s tax cuts, it now looks as if US GDP growth slowed to around 2.6% in 4Q18. All the macro...