by Calculated Risk on 8/08/2024 08:30:00 AM The DOL reported: In the week ending August 3, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 17,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 249,000 to 250,000. The 4-week moving average was 240,750,…
by Calculated Risk on 8/07/2024 07:11:00 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 240 thousand initial claims, down from 249 thousand last week. Source link
by Calculated Risk on 8/07/2024 03:01:00 PM From the Las Vegas Visitor Authority: June 2024 Las Vegas Visitor Statistics Las Vegas hosted nearly 3.5M visitors in June, beating last June by 1.8%. Estimated convention attendance neared 420k but with a YoY decrease of ‐7.9% tied to some show rotation cycles, including the absence of the…
by Calculated Risk on 8/07/2024 11:44:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in July A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to July 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 8/07/2024 10:10:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in July Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in July compared to June. The Manheim Used Vehicle Value Index (MUVVI) rose to 201.6, a decline of 4.8% from a year ago. The seasonal…
by Calculated Risk on 8/06/2024 07:27:00 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
by Calculated Risk on 8/06/2024 12:58:00 PM Today, in the Calculated Risk Real Estate Newsletter: How Much will the Fannie & Freddie Conforming Loan Limit Change for 2025? A brief excerpt: With house prices up mid-single digits over the last year, an interesting question is: How much will the Fannie & Freddie conforming loan limits…
by Calculated Risk on 8/06/2024 08:00:00 AM Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual US Home Price Growth Below 5% for Second Consecutive Month as June…
by Calculated Risk on 8/05/2024 07:00:00 PM From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in More Than a Year As of Friday, the average top tier 30yr fixed mortgage rate was merely at the lowest levels of 2024. A modest additional drop this morning brought that number to the lowest level since…
by Calculated Risk on 8/05/2024 02:00:00 PM From the Federal Reserve: The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the…