by Calculated Risk on 1/24/2025 05:10:00 PM From BofA: Since our last weekly publication, our 4Q GDP tracking estimate has moved up two-tenths to 2.3% q/q saar. [Jan 24th estimate]emphasis added From Goldman: We left our Q4 GDP tracking and domestic final sales estimates unchanged, each at +2.6% (quarter-over-quarter annualized). [Jan 24th estimate] And from…
by Calculated Risk on 1/24/2025 02:11:00 PM From WardsAuto: Some Letdown but January U.S. Light-Vehicle Sales Continue Q4-2024’s Growth (pay content). Brief excerpt: While demand in the middle of the month was negatively impacted by extreme weather conditions across most of the country, with a week remaining in January there is upside to the outlook….
by Calculated Risk on 1/24/2025 10:49:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Increased to 4.24 million SAAR in December Excerpt: Sales in December (4.24 million SAAR) were up 2.2% from the previous month and were 9.3% above the December 2023 sales rate. This was the third consecutive month with a…
by Calculated Risk on 1/23/2025 08:49:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 10:00 AM ET, Existing Home Sales for December from the National Association of Realtors (NAR). The consensus is for 4.20 million SAAR, up from 4.15 million. • Also at 10:00 AM, University of Michigan’s…
by Calculated Risk on 1/23/2025 03:51:00 PM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For December, Realtor.com reported inventory was up 22.0% YoY, but still down 15.7% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 1/22/2025 07:30:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for a increase to 215 thousand from 201 thousand last week. • At 11:00 AM, the Kansas City Fed…
by Calculated Risk on 1/22/2025 12:16:00 PM Today, in the CalculatedRisk Real Estate Newsletter: NMHC on Apartments: “Looser market conditions for the tenth consecutive quarter” Excerpt: From the NMHC: Apartment Market Experiences Loosening Conditions, Decreased Deal Flow and Less Available Financing to Start the New Year Apartment market conditions declined in the National Multifamily Housing…
by Calculated Risk on 1/22/2025 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2025. The Market Composite Index, a measure of mortgage…
by Calculated Risk on 1/21/2025 07:24:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Unimpacted by New Executive Orders Bonds were thus able to hold onto the gains from last week with some additional improvement today. The average mortgage lender wasn’t eager to adjust rates, however, with the top tier 30yr fixed rate…
by Calculated Risk on 1/21/2025 01:14:00 PM From the MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.47% in December The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 3 basis points from 0.50% of servicers’ portfolio volume in the prior…