by Calculated Risk on 12/16/2024 03:01:00 PM The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 7 December. … 1-7 December 2024 (percentage change from comparable week in 2023): • Occupancy: 59.0% (+0.5%)• Average daily rate (ADR): US$159.77 (+3.8%)• Revenue per available room (RevPAR): US$94.31 (+4.3%) emphasis added The…
by Calculated Risk on 12/16/2024 11:14:00 AM Today, in the Calculated Risk Real Estate Newsletter: 3rd Look at Local Housing Markets in November A brief excerpt: The NAR is scheduled to release November Existing Home sales on Thursday, December 19th at 10:00 AM. The consensus is for 3.97 million SAAR, up from 3.96 million in…
by Calculated Risk on 12/15/2024 07:15:00 PM Weekend:• Schedule for Week of December 15, 2024 Monday:• 8:30 AM: The New York Fed Empire State manufacturing survey for December. The consensus is for a reading of 5.8, down from 31.2. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are mostly unchanged (fair…
by Calculated Risk on 12/15/2024 10:22:00 AM Most analysts expect the FOMC will cut the federal funds rate at the meeting this week by 25bp lowering the target range to 4 1/4 to 4 1/2 percent. However, most market participants now expect the FOMC to pause in January and are split on a rate cut…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Part 1: Current State of the Housing Market; Overview for mid-December 2024 • Part 2: Current State of the Housing Market; Overview for mid-December 2024 • The “Home ATM” Mostly Closed in Q3 • 2nd Look at Local Housing…
by Calculated Risk on 12/14/2024 08:11:00 AM The key economic reports this week are Retail Sales, Housing Starts, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays. For manufacturing, November Industrial Production, and the December New York, Philly and Kansas City Fed surveys will be released this week. The…
by Calculated Risk on 12/13/2024 07:36:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will be revised significantly. Note: “Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
by Calculated Risk on 12/13/2024 01:04:00 PM Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-December 2024 A brief excerpt: Earlier this week, in Part 1: Current State of the Housing Market; Overview for mid-December 2024 I reviewed home inventory, housing starts and sales. In…
by Calculated Risk on 12/13/2024 09:57:00 AM Today, in the Calculated Risk Real Estate Newsletter: Q3 Update: Delinquencies, Foreclosures and REO A brief excerpt: We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and…
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • No major economic releases scheduled. Source link