by Calculated Risk on 12/26/2024 09:39:00 AM Today, in the CalculatedRisk Real Estate Newsletter: Question #9 for 2025: What will happen with house prices in 2025? Excerpt: Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of these questions concern real estate (inventory, house prices, housing starts,…
Recent media reports have raised concerns about potential intervention by the Bank of Japan due to a significant weakening of the national currency, which has declined by approximately 13% since October. Many banks and investment firms view this as a likely scenario ahead of the Japanese central bank’s meeting in January. Let’s analyze this situation…
by Calculated Risk on 12/26/2024 08:30:00 AM The DOL reported: In the week ending December 21, the advance figure for seasonally adjusted initial claims was 219,000, a decrease of 1,000 from the previous week’s unrevised level of 220,000. The 4-week moving average was 226,500, an increase of 1,000 from the previous week’s unrevised average of…
Russian Finance Minister Anton Siluanov said that Russian companies have started using bitcoin and other cryptocurrencies in international settlements. This was made possible by changes in legislation aimed at circumventing Western sanctions. Economic restrictions have made it difficult to trade with key partners such as China and Turkey, as local banks avoid transactions with Russia…
by Calculated Risk on 12/25/2024 07:23:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Mortgage rates as of Monday (a little lower on Tuesday). Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. Initial claims were at 220 thousand last week. Source link
The upper levels can’t, and the lower levels won’t? Speculators have increased their oil purchases at the fastest pace since September 2023, driven by expectations that new sanctions against Russia and Iran will tighten supply, while China’s stimulus measures will boost demand. However, Brent crude oil prices remain stubbornly stagnant, neither rising nor dropping significantly….
Here is a High Sierra webcam (it is snowing!) And the beach in Newport. Best Wishes to All! Source link
by Calculated Risk on 12/24/2024 04:01:00 PM From housing economist Tom Lawler: Since September 17th the Federal Reserve has lowered its federal funds rate range by 100 basis points. Below is a table showing Treasury and MBS rates since September 17th. Click on graph for larger image. Ho, Ho, Ho!!!! Happy Holidays!!!! 10-Year T1PS Yield…
by Calculated Risk on 12/24/2024 12:46:00 PM Today, in the CalculatedRisk Real Estate Newsletter: Lawler: New Census Population Estimates Show Massively Higher Population Growth Excerpt: From housing economist Tom Lawler: New Census Population Estimates Incorporate Revised Methodology for Estimating Net International Migration, Show Massively Higher Population Growth Last week Census released its “Vintage 2024” estimates…
The brief rally for the EUR/USD currency pair didn’t last long. A slowdown in the Personal Consumption Expenditures (PCE) index—an inflation gauge preferred by the Federal Reserve—to 0.1% month-over-month in November, along with statements from FOMC officials indicating that monetary easing would continue into 2025, seemed to trigger a corrective response for the main currency…