by Calculated Risk on 10/15/2024 07:54:00 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. Source link
by Calculated Risk on 10/15/2024 12:13:00 PM Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-October 2024 A brief excerpt: On Friday, in Part 1: Current State of the Housing Market; Overview for mid-October 2024 I reviewed home inventory, housing starts and sales. In Part…
From housing economist Tom Lawler: Below is a table showing changes in various interest rates from the day before the FOMC’s 50 basis point cut in its Fed Funds rate target and last Friday. CR Notes: After the Fed rate cut, the longer-term rates increased (including mortgage rates). The yield curve has reverted … Source…
by Calculated Risk on 10/14/2024 11:19:00 AM Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in September A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to September 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 10/14/2024 08:17:00 AM Altos reports that active single-family inventory was down 0.3% week-over-week. Inventory is now up 48.3% from the February seasonal bottom. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024. The black line is…
by Calculated Risk on 10/13/2024 09:20:00 AM Due to Rosh Hashana, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 5 October. … 29 September through 5 October 2024 (percentage change from comparable week in 2023): • Occupancy: 65.6% (-3.4%)• Average daily rate (ADR): US$156.25 (-4.4%)• Revenue per available room…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • ICE Mortgage Monitor: Insurance Costs “Spike”, Especially in Florida • House Prices to Income • Part 1: Current State of the Housing Market; Overview for mid-October 2024 • 1st Look at Local Housing Markets in September This is usually…
by Calculated Risk on 10/12/2024 08:11:00 AM The key economic reports this week are September Retail Sales and Housing Starts. For manufacturing, September Industrial Production, and the October New York and Philly Fed surveys will be released this week. —– Monday, October 14th —– Columbus Day Holiday: Banks will be closed in observance of Columbus…
by Calculated Risk on 10/11/2024 07:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will be revised significantly. Note: “Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
by Calculated Risk on 10/11/2024 01:50:00 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. …