At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Lawler: Early Read on Existing Home Sales in May • Part 1: Current State of the Housing Market; Overview for mid-June 2025 • Part 2: Current State of the Housing Market; Overview for mid-June 2025 • The “Home ATM”…
by Calculated Risk on 6/14/2025 08:11:00 AM The key reports this week are May Retail Sales and Housing Starts. For manufacturing, Industrial Production, and the NY and Philly Fed manufacturing surveys, will be released this week. The FOMC meets on Tuesday and Wednesday, and rates are expected to be unchanged. —– Monday, June 16th —–…
by Calculated Risk on 6/13/2025 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 6/13/2025 02:33:00 PM From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 4.03 million in May, up 0.75% from April’s preliminary…
by Calculated Risk on 6/13/2025 02:09:00 PM Way back in 2005, I posted a graph of the Real Estate Agent Boom. Here is another update to the graph. The graph shows the number of real estate licensees in California. The number of agents peaked at the end of 2007 (housing activity peaked in 2005, and…
by Calculated Risk on 6/13/2025 11:11:00 AM From BofA: Since our last weekly publication, our 2Q GDP tracking is unchanged at 2.7% q/q saar and 1Q GDP is down one-tenth to -0.1% q/q saar. [June 13th estimate]emphasis added From Goldman: The details of the trade balance report indicated that April exports were stronger than our…
by Calculated Risk on 6/13/2025 08:17:00 AM 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 May, Realtor.com reported inventory was up 31.5% YoY, but still down 14.4% compared to the 2017 to 2019 same month levels. …
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for June). Source link
by Calculated Risk on 6/12/2025 04:00:00 PM The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 7 June. … 1-7 June 2025 (percentage change from comparable week in 2024): • Occupancy: 67.0% (-3.2%)• Average daily rate (ADR): US$161.57 (0.0%)• Revenue per available room (RevPAR): US$108.23 (-3.2%) emphasis added The…
by Calculated Risk on 6/12/2025 12:59:00 PM Today, in the Calculated Risk Real Estate Newsletter: The “Home ATM” Mostly Closed in Q1 A brief excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity – jokingly calling it the “Home ATM” – and this contributed to the subsequent housing bust, since…