Today, following the release of data showing a February slowdown in the national Consumer Price Index (CPI), the Japanese yen continues to trade with a negative tone, creating uncertainty in the market. The data shows that Japan’s national CPI rose 3.7% year-over-year in February, down from 4% in the previous month. Although this slowdown was…
by Calculated Risk on 3/23/2025 10:05:00 AM Last week, in the CalculatedRisk Real Estate Newsletter on March existing home sales, NAR: Existing-Home Sales Increased to 4.26 million SAAR in February; Down 1.2% YoY, I noted: On a month-over-month basis, median prices increased 1.3% from January and are now down 6.7% from the June 2024 peak. This…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Increased to 4.26 million SAAR in February; Down 1.2% YoY • Housing Starts Increased to 1.501 million Annual Rate in February • Lennar: “Didn’t see typical seasonal pickup after February” • Lawler: Early Read on Existing…
by Calculated Risk on 3/22/2025 08:11:00 AM The key reports scheduled for this week include February New Home sales, the 3rd estimate of Q4 GDP, February Personal Income & Outlays, and January Case-Shiller house prices. For manufacturing, the March Richmond and Kansas City Fed surveys will be released. —– Monday, March 24th —– 8:30 AM ET:…
by Calculated Risk on 3/21/2025 07:28:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. 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, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
Today, in the CalculatedRisk Real Estate Newsletter: Lennar: “Didn’t see typical seasonal pickup after February” Full text: This is a short note … The Lennar headline is from a comment this morning. This is just one anecdote, but I believe the housing market will be impacted by policy. I started the year taking Fed Chair…
by Calculated Risk on 3/21/2025 01:07:00 PM From the WaPo: Nervous about Trump, international tourists scrap their U.S. travel plans International travel to the United States is expected to slide by 5 percent this year, contributing to a $64 billion shortfall for the travel industry, according to Tourism Economics. The research firm had originally forecast…
Following the meeting on March 19, the US Federal Reserve maintained its base rate at 4.25-4.5% per annum. According to the regulator, the economy is showing stable growth, the unemployment rate remains low, and the labor market remains stable. Inflation is still exceeding the target, although it has slowed down. Starting in April, the Fed…
by Calculated Risk on 3/21/2025 10:15:00 AM NOTE: An update to the gold adjusted GDPNow will be released on March 26th. Based on the previous adjustment, it appears GDPNow (adjusted) is slightly positive for Q1. (For more on the gold adjustment, see For GDP Forecasters, Some Gold Doesn’t Glitter From BofA: Our 1Q GDP tracking…
by Calculated Risk on 3/21/2025 08:11:00 AM From ICE: ICE First Look at Mortgage Performance: Mortgage Delinquencies Continue to Slowly Rise with FHA Performance in the Spotlight • The national delinquency rate edged up 5 basis points (bps) to 3.53% in February; that’s up 19 bps from a year ago but still 32 bps below…