At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • New Home Sales Increase to 698,000 Annual Rate in December • Case-Shiller: National House Price Index Up 3.8% year-over-year in November • Inflation Adjusted House Prices 1.1% Below 2022 Peak • Freddie Mac House Price Index Increased in December;…
by Calculated Risk on 2/01/2025 08:11:00 AM The key reports scheduled for this week are the January employment report and the December trade deficit. Other key indicators include the January ISM manufacturing index and January vehicle sales. —– Monday, February 3rd —– 10:00 AM: ISM Manufacturing Index for January. The consensus is for the ISM…
by Calculated Risk on 1/31/2025 07:38:00 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 1/31/2025 02:09:00 PM From Goldman: We launched our Q1 GDP tracking estimate at +2.6% (quarter-over-quarter annualized) and our Q1 domestic final sales estimate at +2.3%. We launched our past-quarter GDP tracking estimate at +2.3%, in line with the advance reading. [Jan 31st estimate]emphasis added And from the Atlanta Fed: GDPNow The…
by Calculated Risk on 1/31/2025 10:42:00 AM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in December; Up 4.0% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.54% month-over-month on a seasonally adjusted (SA) basis in December. On a year-over-year basis, the…
by Calculated Risk on 1/30/2025 07:30:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, 8:30 AM ET: Personal Income and Outlays for December. The consensus is for a 0.4% increase in personal income, and for a 0.5% increase in personal spending. And for the Core…
by Calculated Risk on 1/30/2025 03:59:00 PM From the Las Vegas Visitor Authority: December 2024 Las Vegas Visitor Statistics Closing out the year with Dec visitation of 3.4M visitors (+0.2% YoY), Las Vegas hosted approx. 41.7M visitors for the year, up 2.1% from last year’s 40.8M visitors. With a strong December to end the year,…
by Calculated Risk on 1/30/2025 12:55:00 PM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in December and a Look Ahead to January Sales A brief excerpt: After the National Association of Realtors® (NAR) releases the monthly existing home sales report, I pick up additional local market data that…
by Calculated Risk on 1/29/2025 08:08:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, Gross Domestic Product, 4th quarter and Year 2024 (Advance estimate). The consensus is that real GDP increased 2.6% annualized in Q4. • Also at 8:30 AM, The initial weekly unemployment claims…
by Calculated Risk on 1/29/2025 02:00:00 PM Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. FOMC Statement: Recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions…