Bob McFadden

[Liz Ann Sonders @LizAnnSonders]

Gap between homebuyers and sellers widened in July, as the number of buyers fell to a record low, according to @Redfin

[Jay Martin @JayMartinBC]

Before a collapse, nothing looks wrong. The numbers are printing records, the money is flowing, and the people warning about it are laughed out of the room.

Last time it was housing. Today it's AI.

The fire doesn't start when the rally ends. It starts inside the climb. Here's how it happens.

[ESPN New York @ESPNNewYork]

ICYMI: The New York Knicks are NBA Champions, as called by @LT__Murray and @McNuttMonica !

Thank you to all of the incredible fans for listening to @ESPNNewYork this season. Your home of the NBA Champions.

[Bob McFadden @mcfadden14456]

@BuffaloBills #Fire Beane

[Lawrence Bo Wright @LawrenceBoWrig1]

Honored to have our district team present to the Geneva Rotary Club this afternoon - thank you for your partnership and continued support of our schools! @GenevaCSD

[tom keene @tomkeene]

…important

[Mohamed A. El-Erian @elerianm]

From the @WSJ:
“The U.S. is expected to pay an additional $1.1 trillion in interest over the coming decade, according to the Congressional Budget Office. Interest costs are on pace to surpass defense this year as one of the largest government expenses in the budget. Only Social Security and Medicare are forecast to be bigger burdens in the coming years.
America is expected to spend $870 billion, or 3.1% of gross domestic product, on interest payments this year. That is nearly double the annual average of 1.6% of GDP since 2000. And interest costs are projected to reach 3.9% of GDP by 2034.”
(The budget will also experience a sharp multi-year fall in transfers from the Federal Reserve.)
#economy #EconTwitter

[The Kobeissi Letter @KobeissiLetter]

Since 1980, the median age of first-time homebuyers has increased from 29 to 35 years old.

For repeat homebuyers, it's even worse:

1. Median Age of Repeat Homebuyer in 1980: 36 years old

2. Median Age of Repeat Homebuyer in 2024: 58 years old

In other words, first time homebuyers today are the same age that homeowners in the 1980s were buying another home.

We have an affordability crisis.

[Bob McFadden @mcfadden14456]

@FerroTV @tomkeene @annmarie @lisaabramowicz1 The show won’t be the same without @tomkeene ! AMH is a great add though.

[Liz Ann Sonders @LizAnnSonders]

Drop in average 30y mortgage rate over past 12 weeks has reached -0.76% … largest rolling 12-week decline since early 2009

[tom keene @tomkeene]

tweet of the day

[Credit Union Times @CU_Times]

CUNA, NAFCU & Others Plea to Lawmakers: Kill the Credit Card Competition Act https://t.co/TAjWp3Glyu

[Lawrence Bo Wright @LawrenceBoWrig1]

Congratulations to our own Natalie McFadden and all of the other WFL seniors that were recognized at last night’s Superintendent Award Program Reception and Celebration Dinner. Natalie was one of only five honorees awarded a scholarship! @GenevaCSD @WFL_BOCES @mcfadden14456

[Lawrence H. Summers @LHSummers]

.⁦@DavidWestin⁩ #wallstreetweek ⁦@BloombergTV⁩ asked me, what is so magical about the 2 percent average inflation target? Why can't we live with 3 percent or 4 percent for that matter? Watch my answer here: https://t.co/WeK5owrOQL

[Bob McFadden @mcfadden14456]

@LawrenceBoWrig1 @EdwardEwright1 Congrats Ed!!!

[News 4 Buffalo @news4buffalo]

#BREAKING It’s a done deal. The Bills are getting a new stadium. https://t.co/3aThfAL2IP

[Lawrence Bo Wright @LawrenceBoWrig1]

Suicide figures are up. Could 2 followers please copy and re-post this tweet? We’re trying to demonstrate that someone is always listening.

Call 1-800-273-8255 (USA hotline)

Just two. Any two. Copy, not retweet.

[Bob McFadden @mcfadden14456]

@nbcsnl For your next musical guest you need a tribute to Eddie VanHalen

[Bob McFadden @mcfadden14456]

Neowise from FLX https://t.co/pJPyiWLoTT

[Bob McFadden @mcfadden14456]

Best Credit Union of the Finger Lakes Region - three years in a row! It is a testament to our loyal members and caring staff. Congrats to our staff and thank you for the amazing service that you provide every day! @FingerLakesFCU @NYCUAtweets