by Calculated Risk on 12/04/2024 10:05:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.4% Below 2022 Peak Excerpt: It has been over 18 years since the bubble peak. In the September Case-Shiller house price index released last week, the seasonally adjusted National Index (SA), was reported as being 75%…
by Calculated Risk on 12/03/2024 08:29:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:15 AM, The ADP Employment Report for November. This report is for private payrolls…
by Calculated Risk on 12/03/2024 05:39:00 PM Wards Auto released their estimate of light vehicle sales for November: U.S. Light-Vehicle Sales Surprise on High Side Again in November (pay site). Improved affordability, and possibly relief from the end of contentious national elections, appeared to bring more consumers into dealer showrooms in November, leading sales to post…
by Calculated Risk on 12/02/2024 06:50:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Little-Changed After Last Week’s Improvement The average lender is still able to offer top tier conventional 30yr fixed rates just under 7% for the 4th straight day. There were no major sources of inspiration today, but that will change…
by Calculated Risk on 12/02/2024 01:55:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in October; Up 3.7% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.45% month-over-month on a seasonally adjusted (SA) basis in October. On a year-over-year basis, the…
by Calculated Risk on 12/02/2024 10:45:00 AM From the Census Bureau reported that overall construction spending increased: Construction spending during October 2024 was estimated at a seasonally adjusted annual rate of $2,174.0 billion, 0.4 percent above the revised September estimate of $2,164.7 billion. The October figure is 5.0 percent above the October 2023 estimate of…
Donald Trump expressed concern about the intentions of the BRICS countries to create an alternative currency to the US dollar. He warned that in the case of such a step, he could introduce tariffs at the level of 100%. Trump also said that the idea that the BRICS states can move away from the dollar…
Despite the acceleration of annual inflation in the Eurozone from 2.0% to 2.3%, the euro failed to rise and even weakened. Although the scale of the decline was limited, it still seems illogical. The issue is that most market participants focus on the data highlighted by the media, which tends to emphasize monthly figures rather…
by Calculated Risk on 12/02/2024 01:18:00 AM Weekend:• Schedule for Week of December 1, 2024 Monday:• At 10:00 AM ET, ISM Manufacturing Index for November. The consensus is for 47.5%, up from 46.5%. • Also at 10:00 AM, Construction Spending for October. The consensus is for 0.2% increase in spending. • All day, Light vehicle…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 3.9% year-over-year in September • New Home Sales Decrease Sharply to 610,000 Annual Rate in October • Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in October • Final Look…