Friday: No Major Economic Releases
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for November). Source link
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Realtor.com Reports Active Inventory Up 26.6% YoY
by Calculated Risk on 11/07/2024 04:01:00 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 September, Realtor.com reported inventory was up 34.0% YoY, but still down 23.2% compared to the 2017 to 2019 same month levels. …
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FOMC Statement: 25bp Rate Cut
by Calculated Risk on 11/07/2024 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. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has…
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1st Look at Local Housing Markets in October; First Year-over-year Sales Gain Since August 2021
by Calculated Risk on 11/07/2024 10:45:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in October A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to October 2019 for each local market (some 2019 data is not available). This…
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Wholesale Used Car Prices Decreased in October; Down 3.2% Year-over-year
by Calculated Risk on 11/07/2024 09:50:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in October Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in October compared to September. The Manheim Used Vehicle Value Index (MUVVI) fell to 202.8, a decline of 3.2% from a year ago. The seasonal…
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Thursday: FOMC Statement, Unemployment Claims
by Calculated Risk on 11/06/2024 07:36:00 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 230 thousand initial claims, up from 227 thousand last week. • At 2:00 PM, FOMC Meeting Announcement. The…
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BofA on Trump Policy
by Calculated Risk on 11/06/2024 02:51:00 PM CR Note: I’ll be assessing the impact of Trump’s election on the economy, but we have to remember he doesn’t do most of what he says. For example, in 2016 he promised to deport 10 million residents, but that never happened. He said he’d repeal and replace the…
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MBA: Mortgage Applications Decreased in Weekly Survey
by Calculated Risk on 11/06/2024 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 10.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending November 1, 2024. The Market Composite Index, a measure of mortgage loan…
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Wednesday: Mortgage Applications
by Calculated Risk on 11/05/2024 07:23:00 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 results for the mortgage purchase applications index. Source link
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CoreLogic: US Home Prices Increased 3.4% Year-over-year in September, “Slowest growth rate in over a year”
by Calculated Risk on 11/05/2024 02:19:00 PM Notes: This CoreLogic House Price Index report is for September. The recent Case-Shiller index release was for August. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual Home Price Slowdown Continues in September • On an annual basis, home…
