The yuan is feeling a strong influence caused by the return of Donald Trump to the US political arena. Negative expectations in the market arose due to Trump’s programs to increase trade tariffs on Chinese goods. These fears are reinforced not only by speculators, but also by the actions of exporters themselves, who prefer to…
by Calculated Risk on 10/24/2024 05:23:00 PM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For September, Realtor.com reported inventory was up 34.0% YoY, but still down 23.2% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 10/24/2024 02:33:00 PM From ICE: ICE First Look at Mortgage Performance: September Sees Prepayments at Two-Year High, Slowly Rising Mortgage Delinquencies • The national delinquency rate rose 14 basis points to 3.48% in September, up 4.3% from August and 5.7% year over year • September marked the fourth consecutive year-over-year rise…
by Calculated Risk on 10/24/2024 10:54:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 738,000 Annual Rate in September Brief excerpt: The Census Bureau reported New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 738 thousand. The previous three months were revised down.…The next graph…
by Calculated Risk on 10/24/2024 10:00:00 AM The Census Bureau reports New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 738 thousand. The previous three months were revised down. Sales of new single-family houses in September 2024 were at a seasonally adjusted annual rate of 738,000, according to estimates released…
by Calculated Risk on 10/23/2024 07:29:00 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 247 thousand initial claims, up from 241 thousand last week. • Also at 8:30 AM, Chicago Fed National…
by Calculated Risk on 10/23/2024 02:48:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture firm billings worsened in September The AIA/Deltek Architecture Billings Index (ABI) score was 45.7 for the month, as the majority of firms continued to report declining billings. Despite recently…
by Calculated Risk on 10/23/2024 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 6.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending October 18, 2024. The Market Composite Index, a measure of mortgage loan…
by Calculated Risk on 10/22/2024 07:01:00 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 10:00 AM, Existing Home Sales for September from the National Association of Realtors (NAR)….
by Calculated Risk on 10/22/2024 11:46:00 AM Every year I track seasonal retail hiring for hints about holiday retail sales. At the bottom of this post is a graph showing the correlation between October seasonal hiring and holiday retail sales. Here is a graph of retail hiring for previous years based on the BLS employment report: Click on…