by Calculated Risk on 12/24/2024 09:16:00 AM Today, in the CalculatedRisk Real Estate Newsletter: Question #10 for 2025: Will inventory increase further 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, new home…
by Calculated Risk on 12/23/2024 07:41:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Tuesday:• At 10:00 AM ET, Richmond Fed Survey of Manufacturing Activity for December. The NYSE and the NASDAQ will close early at 1:00 PM ET. Source link
by Calculated Risk on 12/23/2024 04:00:00 PM From the MBA: Share of Mortgage Loans in Forbearance Increases to 0.50% in November The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.50% as of November 30, 2024. According to MBA’s estimate, 250,000 homeowners are…
by Calculated Risk on 12/23/2024 01:11:00 PM Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the…
US stocks rally after weak trading After two straight losing sessions, US stocks ended the week on a positive note, as encouraging inflation data and comments from Federal Reserve officials eased investor concerns about future interest rate moves. Inflation is slowing: Key data The published Personal Consumer Expenditure (PCE) index, one of the main indicators…
by Calculated Risk on 12/23/2024 10:49:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 664,000 Annual Rate in November Brief excerpt: The Census Bureau reported New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 664 thousand. The previous three months were revised up, combined.…The…
by Calculated Risk on 12/23/2024 10:00:00 AM The Census Bureau reports New Home Sales in November were at a seasonally adjusted annual rate (SAAR) of 664 thousand. The previous three months were revised up, combined. Sales of new single-family houses in November 2024 were at a seasonally adjusted annual rate of 664,000, according to estimates…
by Calculated Risk on 12/23/2024 08:11:00 AM Altos reports that active single-family inventory was down 2.2% week-over-week. Inventory is now 9.7% below the peak for the year (9 weeks ago). Inventory will continue to decline seasonally until early next year and probably bottom in January or February. The first graph shows the seasonal pattern for…
by Calculated Risk on 12/22/2024 06:21:00 PM Weekend:• Schedule for Week of December 22, 2024 • Ten Economic Questions for 2025 Monday:• At 8:30 AM ET,Chicago Fed National Activity Index for November. This is a composite index of other data. • Also at 8:30 AM, Durable Goods Orders for November. The consensus is for a…
by Calculated Risk on 12/22/2024 10:07:00 AM Here is a review of the Ten Economic Questions for 2024. Below are my ten questions for 2025 (I’ve been doing this online every year for 20 years!). These are just questions; I’ll follow up with some thoughts on each of these questions. The purpose of these questions…