by Calculated Risk on 1/29/2025 10:17:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.1% Below 2022 Peak Excerpt: It has been over 18 years since the housing bubble peak. In the November Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 77%…
by Calculated Risk on 1/28/2025 07:59:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index. • At 2:00 PM, FOMC Meeting Announcement. No change to policy is expected. • At 2:30 PM, Fed Chair…
by Calculated Risk on 1/28/2025 01:31:00 PM From the MBA: Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024 Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey. “The delinquency rate for commercial…
by Calculated Risk on 1/27/2025 07:17:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Only Moderately Lower After Tech Rout Even though there is some uncertainty about the near-term Fed rate outlook and even though we have a Fed meeting coming up on Wednesday, today was all about conventional wisdom for interest rates….
by Calculated Risk on 1/27/2025 02:23:00 PM On the positive side of the MLK Day calendar shift, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 18 January. … 12-18 January 2025 (percentage change from comparable week in 2024): • Occupancy: 55.8% (+6.7%)• Average daily rate (ADR): US$155.81 (+10.0%)• Revenue…
by Calculated Risk on 1/26/2025 07:27:00 PM Weekend:• Schedule for Week of January 26, 2025 Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for December. This is a composite index of other data. • At 10:00 AM, New Home Sales for December from the Census Bureau. The consensus is for 670 thousand SAAR,…
by Calculated Risk on 1/26/2025 12:01:00 PM Most analysts expect no change to FOMC policy at the meeting this week, keeping the target range at 4 1/4 to 4 1/2 percent. Market participants currently expect the FOMC to be on hold at the January, March and May meetings, with the next rate cut in…
by Calculated Risk on 1/25/2025 11:31:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. SPECIAL NOTE: The CDC has stopped releasing health data (hopefully temporarily). 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,…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Increased to 4.24 million SAAR in December • NMHC on Apartments: “Looser market conditions for the tenth consecutive quarter • 1.73 million Total Housing Completions in 2024 including Manufactured Homes; Most Since 2006 • 4th Look…
by Calculated Risk on 1/25/2025 08:11:00 AM The key reports scheduled for this week are the advance estimate of Q4 GDP, December New Home sales, December Personal Income and Outlays and November Case-Shiller house prices. The FOMC meets this week, and no change to policy is expected. —– Monday, January 27th —– 8:30 AM: Chicago…