by Calculated Risk on 4/25/2025 01:00:00 PM Yesterday, in the CalculatedRisk Real Estate Newsletter on March existing home sales, NAR: Existing-Home Sales Decreased to 4.02 million SAAR in March; Down 2.4% YoY, I noted: On a month-over-month basis, median prices increased 1.7% from February and are now down 5.4% from the June 2024 peak. This is…
by Calculated Risk on 4/25/2025 10:13:00 AM The advance estimate of Q1 GDP is scheduled to be released on Wednesday, April 30th. The consensus is for a 0.2% increase in real GDP, quarter-over-quarter annualized – or essentially no growth in Q1. From BofA: We expect 1Q advance GDP to print at a weak 0.4% q/q…
by Calculated Risk on 4/25/2025 08:11:00 AM From ICE: ICE First Look at Mortgage Performance: Delinquencies Improved Seasonally in March but Continue to Trend Modestly Higher Intercontinental Exchange, Inc. (NYSE:ICE) … today released its March 2025 First Look, which reveals that while delinquency rates edged up slightly year over year (YoY), they remain below pre-pandemic…
by Calculated Risk on 4/24/2025 08:46:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• AT 10:00 AM ET, University of Michigan’s Consumer sentiment index (Final for April). The consensus is for a reading of 50.8. Source link
by Calculated Risk on 4/24/2025 04:48:00 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 March, Realtor.com reported inventory was up 28.5% YoY, but still down 20.2% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 4/24/2025 01:55:00 PM As expected due to the Easter and Passover holidays, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through 19 April. … 13-19 April 2025 (percentage change from comparable week in 2024): • Occupancy: 61.4% (-8.1%)• Average daily rate (ADR): US$158.00 (-1.3%)• Revenue per…
by Calculated Risk on 4/24/2025 10:50:00 AM Today, in the CalculatedRisk Real Estate Newsletter: NAR: Existing-Home Sales Decreased to 4.02 million SAAR in March; Down 2.4% YoY Excerpt: Sales in March (4.02 million SAAR) were down 5.9% from the previous month and were 2.4% below the February 2024 sales rate. This was the 2nd consecutive…
by Calculated Risk on 4/24/2025 10:00:00 AM From the NAR: Existing-Home Sales Receded 5.9% in March Existing-home sales descended in March, according to the National Association of REALTORS®. Sales slid in all four major U.S. regions. Year-over-year, sales dropped in the Midwest and South, increased in the West and were unchanged in the Northeast. Total…
by Calculated Risk on 4/24/2025 08:30:00 AM The DOL reported: In the week ending April 19, the advance figure for seasonally adjusted initial claims was 222,000, an increase of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 215,000 to 216,000. The 4-week moving average was 220,250,…
S&P 500 on knife’s edge: de-escalation or bear trap? The US market is showing renewed signs of instability. Positive signals about a potential de-escalation in the trade conflict with China are fueling hope, but experts warn against excessive optimism. The “bear market trap” scenario remains relevant in the face of persistent volatility and ongoing uncertainty….