by Calculated Risk on 10/09/2024 03:35:00 PM From the Association of American Railroads (AAR) Rail Time Indicators. Graphs and excerpts reprinted with permission. Year-to-date total carloads in 2024 through September were down 3.3% (285,871 carloads) from last year and down 3.0% from the first nine months of 2022. So far in 2024, total carloads fell…
by Calculated Risk on 10/09/2024 11:23:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st 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 10/08/2024 08:42:00 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 2:00 PM, FOMC Minutes, Minutes Meeting of September 17-18, 2024 Source link
by Calculated Risk on 10/07/2024 07:17:00 PM From Matthew Graham at Mortgage News Daily: Highest Mortgage Rates in 2 Months It’s been a strange and frustrating couple of weeks for anyone who mistakenly believed that mortgage rates would move lower after the Fed rate cut. … Bottom line, markets got locked into the belief that…
by Calculated Risk on 10/07/2024 11:42:00 AM Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Insurance Costs “Spike”, Especially in Florida Brief excerpt: The largest insurance increases are in Florida (for obvious reasons – stay safe this week with Hurricane Milton). • While monthly principal, interest, and property tax obligations are up an average…
by Calculated Risk on 10/07/2024 09:40:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in September Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in September compared to August. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.0, a decline of 5.3% from a year ago. The seasonal…
by Calculated Risk on 10/07/2024 08:11:00 AM Altos reports that active single-family inventory was up 0.4% week-over-week. Inventory is now up 48.6% 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 10/06/2024 07:34:00 PM Weekend:• Schedule for Week of October 6, 2024 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are mostly unchanged (fair value). Oil prices were up over the last week with WTI futures at $73.98 per barrel and Brent…
by Calculated Risk on 10/06/2024 08:14:00 AM Note: I covered apartments and offices in the newsletter: Moody’s: Apartment Vacancy Rate Unchanged in Q3; Office Vacancy Rate at Record High From Moody’s Analytics economists: Multifamily Performance Steadied, Office Stress Continued to Manifest, Retail Vacancy Declined, And Industrial Cooled Down The Q3 2024 data indicated a slight…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores • Moody’s: Apartment Vacancy Rate Unchanged in Q3; Office Vacancy Rate at Record High • Freddie Mac House Price Index Increased Slightly in August; Up 3.7% Year-over-year •…