by Calculated Risk on 2/21/2025 10:00:00 AM From the NAR: Existing-Home Sales Decreased 4.9% in January, But Increased Year-Over-Year for Fourth Consecutive Month Existing-home sales retreated in January, according to the National Association of REALTORS®. Sales slipped in three major U.S. regions and held steady in the Midwest. Year-over-year, sales rose in three regions and…
by Calculated Risk on 2/21/2025 08:07:00 AM From ICE: ICE First Look at Mortgage Performance: Foreclosure Starts Jump as VA Moratorium Ends; Wildfire Delinquencies Emerge • Delinquencies fell 24 basis points (bps) to 3.47% in January; that’s 10 bps higher than last year, but 33 bps below pre-pandemic levels • Foreclosure starts jumped by 30%…
by Calculated Risk on 2/20/2025 07:01:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 10:00 AM ET, Existing Home Sales for January from the National Association of Realtors (NAR). The consensus is for 4.17 million SAAR, down from 4.24 million. • Also at 10:00 AM, University of Michigan’s…
by Calculated Risk on 2/20/2025 03:25:00 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 January, Realtor.com reported inventory was up 24.6% YoY, but still down 24.8% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 2/20/2025 12:36:00 PM Today, in the Calculated Risk Real Estate Newsletter: California Home Sales Down 1.9% YoY in January; 4th Look at Local Housing Markets A brief excerpt: Here a few more local markets prior to the NAR release tomorrow. The NAR is scheduled to release January Existing Home sales on…
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by Calculated Risk on 2/19/2025 07:24:00 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 an increase to 216 thousand from 213 thousand last week. • Also at 8:30 AM, The Philly Fed…
by Calculated Risk on 2/19/2025 04:01:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI January 2025: Architecture firm billings remain soft to start the new year The AIA/Deltek Architecture Billings Index (ABI) score was 45.6 for the month, slightly above the December score….
Yesterday, President Donald Trump’s statements about new trade tariffs were largely ignored by dollar buyers. However, risk-asset sellers were also notably absent. During his speech, Trump announced that he would likely impose tariffs on imported cars, semiconductors, and pharmaceutical products, with rates expected to be around 25%. These tariffs are likely to take effect on…
by Calculated Risk on 2/19/2025 08:30:00 AM From the Census Bureau: Permits, Starts and Completions Housing Starts:Privately-owned housing starts in January were at a seasonally adjusted annual rate of 1,366,000. This is 9.8 percent below the revised December estimate of 1,515,000 and is 0.7 percent below the January 2024 rate of 1,376,000. Single-family housing starts…