by Calculated Risk on 8/07/2024 10:10:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in July Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in July compared to June. The Manheim Used Vehicle Value Index (MUVVI) rose to 201.6, a decline of 4.8% from a year ago. The seasonal…
by Calculated Risk on 8/06/2024 07:27:00 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 8/06/2024 12:58:00 PM Today, in the Calculated Risk Real Estate Newsletter: How Much will the Fannie & Freddie Conforming Loan Limit Change for 2025? A brief excerpt: With house prices up mid-single digits over the last year, an interesting question is: How much will the Fannie & Freddie conforming loan limits…
by Calculated Risk on 8/06/2024 08:00:00 AM Notes: This CoreLogic House Price Index report is for June. The recent Case-Shiller index release was for May. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Annual US Home Price Growth Below 5% for Second Consecutive Month as June…
by Calculated Risk on 8/05/2024 07:00:00 PM From Matthew Graham at Mortgage News Daily: Lowest Mortgage Rates in More Than a Year As of Friday, the average top tier 30yr fixed mortgage rate was merely at the lowest levels of 2024. A modest additional drop this morning brought that number to the lowest level since…
by Calculated Risk on 8/05/2024 02:00:00 PM From the Federal Reserve: The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices The July 2024 Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) addressed changes in the standards and terms on, and demand for, bank loans to businesses and households over the…
by Calculated Risk on 8/04/2024 09:41:00 PM Weekend:• Schedule for Week of August 4, 2024 Monday:• At 10:00 AM ET, the ISM Services Index for July. The consensus is for a reading of 51.3, up from 48.8. • At 2:00 PM, Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS) for July. From…
by Calculated Risk on 8/04/2024 08:11:00 AM The U.S. hotel industry reported lower performance results than the previous week and mixed comparisons year over year, according to CoStar’s latest data through 27 July. … 21-27 July 2024 (percentage change from comparable week in 2023): • Occupancy: 72.0% (-0.4%)• Average daily rate (ADR): US$164.45 (+1.3%)• Revenue…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 5.9% year-over-year in May • Inflation Adjusted House Prices 1.9% Below 2022 Peak • Freddie Mac House Price Index Increased Slightly in June; Up 5.1% Year-over-year • Fannie and Freddie: Single Family Serious…
by Calculated Risk on 8/03/2024 08:11:00 AM This will be a light week for economic data. The key report this week is the June Trade Deficit. —– Monday, August 5th —– 10:00 AM: the ISM Services Index for July. The consensus is for a reading of 51.3, up from 48.8. 2:00 PM: Senior Loan…