by Calculated Risk on 2/07/2025 10:53:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in January A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to January 2019 for each local market (some 2019 data is not available). This…
Gold prices are poised for further gains as they capitalize on heightened geopolitical tensions. In the current environment, gold continues to climb, reaching new highs and overcoming various obstacles. Investors are increasingly turning to gold as a safe-haven asset, driven by fears of an escalating trade war. Additional support for gold prices comes from expectations…
by Calculated Risk on 2/06/2025 07:48:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM: Employment Report for December. The consensus is for 170,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. NOTE: For the household survey, new population controls will be…
The dollar hit an 8-week low against the yen and a 1-month low against the pound amid declining investor concerns about inflationary risks related to Trump’s trade policy. The Japanese yen strengthened due to expectations of an interest rate increase by the Bank of Japan. Representatives of the regulator supported a further increase in the…
Saudi Arabia increased the price of Arab Light oil for Asia by $2.40 per barrel in March, reaching the maximum price increase since August 2022. This is due to higher premiums for Middle Eastern raw materials and improved refining margins in the region. Sanctions against Russian oil have forced Asian refiners to look for alternatives,…
In that post, I noted that the next recession would likely be caused by one of the following: • “An exogenous event such as a pandemic, significant military conflict, disruption of energy supplies for any reason, a major natural disaster (meteor strike, super volcano, etc), and a number of other low probability reasons. All of…
by Calculated Risk on 2/06/2025 12:13:00 PM Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Delinquencies Increased Slightly in Q4 2024 A brief excerpt: From the MBA: Mortgage Delinquencies Increase in the Fourth Quarter of 2024 The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of…
by Calculated Risk on 2/05/2025 07:32:00 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 a increase to 214 thousand from 207 thousand last week. Source link
by Calculated Risk on 2/05/2025 11:37:00 AM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. … Apartment List:…
The heads of the Federal Reserve Banks of Boston and Atlanta, Susan Collins and Rafael Bostic, believe that given the uncertainty in the US economy and politics, there should be no rush to lower the base interest rate. Collins noted the importance of a cautious approach in monetary policy, pointing out the prematurity of sudden…