by Calculated Risk on 10/30/2024 10:00:00 AM From the NAR: Pending Home Sales Advanced 7.4% in September ending home sales rose in September, according to the National Association of REALTORS®. All four major regions experienced month-over-month gains in transactions. Year-over-year, the Northeast and West registered increases while sales remained steady in the Midwest and South….
by Calculated Risk on 10/29/2024 08:03:00 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. • 8:15 AM, The ADP Employment Report for October. This report is for private payrolls only…
by Calculated Risk on 10/29/2024 05:30:00 PM The Census Bureau released the Residential Vacancies and Homeownership report for Q3 2024 today. The results of this survey were significantly distorted by the pandemic in 2020. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and…
by Calculated Risk on 10/29/2024 10:17:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 4.2% year-over-year in August Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for August (“August” is a 3-month average of June, July and August closing prices). August closing prices include some contracts signed in…
by Calculated Risk on 10/28/2024 07:19:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Back to 7% It’s no mystery that mortgage rates have had a terrible October. As of last Friday, the average lender’s top tier 30yr fixed rates were up to 6.90–an increase of more than 0.625% this month. Today’s 0.10%…
by Calculated Risk on 10/28/2024 04:04:00 PM The October employment report will be released on Friday. The consensus is for 120,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. Analysts are trying to estimate the distortion from Hurrican Milton. In September 2005, the initial BLS report showed a loss of 35…
by Calculated Risk on 10/28/2024 11:02:00 AM Today, in the Calculated Risk Real Estate Newsletter: A Proposal to Address the Housing Crisis Brief excerpt: Economist Adam Ozimek and John Lettieri (CEO, Economic Innovation Group) have a new proposal to address the housing crisis in the United States: How the next president can solve America’s housing…
by Calculated Risk on 10/27/2024 06:17:00 PM Weekend:• Schedule for Week of October 27, 2024 Monday:• 10:30 AM ET, Dallas Fed Survey of Manufacturing Activity for October. This is the last regional Fed survey for October. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 24 and DOW futures are up 134 (fair…
by Calculated Risk on 10/27/2024 10:15:00 AM Employment in October will be negatively impact by Hurricane Milton and the Boeing strike. Here is the CES Strike report for October released on Friday. This shows a total of 44,000 workers on strike in October. [U]nfortunately, it won’t be easy to interpret the October jobs report to…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • New Home Sales Increase to 738,000 Annual Rate in September • NAR: Existing-Home Sales Decreased to 3.84 million SAAR in September, New Cycle Low • Lawler: Update on the “Neutral” Rate and Early Read on September Existing Home Sales…