by Calculated Risk on 12/06/2024 11:33:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in November A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to November 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 12/06/2024 10:51:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Increase in November Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) were higher in November compared to October. The Manheim Used Vehicle Value Index (MUVVI) rose to 205.4, an increase of 0.2% from a year ago. The seasonal…
by Calculated Risk on 12/05/2024 07:52:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, Employment Report for November. The consensus is for 183,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. • At 10:00 AM, University of Michigan’s Consumer sentiment…
by Calculated Risk on 12/05/2024 02:39:00 PM On Friday at 8:30 AM ET, the BLS will release the employment report for November. The consensus is for 183,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. There were 12,000 jobs added in October, and the unemployment rate was at 4.1%. From Goldman…
The Bank of England is considering a fourfold interest rate cut in 2025 as inflation slows faster than expected. In the November forecast, the regulator has already laid out such a scenario in order to return inflation to the target of 2%. After the statement by the head of the Bank of England, Andrew Bailey,…
Bank of Japan representatives are increasingly expressing concerns about a rate hike ahead of their December 19 meeting (Nakamura), traditionally citing a “broader range of data.” Given the Bank of Japan’s caution about sudden market changes and its intention to provide prior notice to investors regarding its actions, the rate may remain unchanged at this…
The London stock market is shrinking at the fastest possible pace due to active mergers and acquisitions. The number of delisting companies increased by 10% this year, the volume of transactions with British firms increased by 81%, exceeding $160 billion. Foreign private capital is actively working in the market, as British stocks are attractive to…
by Calculated Risk on 12/04/2024 08:00:00 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 220 thousand initial claims, up from 213 thousand last week. • Also at 8:30 AM: Trade Balance report…
by Calculated Risk on 12/04/2024 02:09:00 PM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the November 2024 seasonally adjusted annual sales rate (SAAR) of 507 thousand. Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May…
Forecast for GBP/USD on December 4, 2024 Source link