by Calculated Risk on 8/28/2025 10:00:00 AM From the NAR: NAR Pending Home Sales Report Shows 0.4% Decrease in July Pending home sales decreased by 0.4% in July from the prior month and rose 0.7% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. … Month-Over-Month0.4% decrease in pending home salesDeclines in…
by Calculated Risk on 8/28/2025 08:35:00 AM From the BEA: Gross Domestic Product, 2nd Quarter 2025 (Second Estimate) and Corporate Profits (Preliminary) Real gross domestic product (GDP) increased at an annual rate of 3.3 percent in the second quarter of 2025 (April, May, and June), according to the second estimate released by the U.S. Bureau…
by Calculated Risk on 8/28/2025 08:30:00 AM The DOL reported: In the week ending August 23, the advance figure for seasonally adjusted initial claims was 229,000, a decrease of 5,000 from the previous week’s revised level. The previous week’s level was revised down by 1,000 from 235,000 to 234,000. The 4-week moving average was 228,500,…
by Calculated Risk on 8/27/2025 07:53:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for initial claims to increase to 236 thousand from 235 thousand last week. • Also at 8:30 AM: Gross Domestic…
by Calculated Risk on 8/27/2025 01:16:00 PM Two weeks ago I wrote The Next Financial Crisis. I noted: The key to preventing a financial crisis is to keep the non-regulated (or poorly regulated) areas of finance out of the financial system. Currently the most obvious non-regulated area of finance is cryptocurrency. And that leaves us…
by Calculated Risk on 8/27/2025 10:00:00 AM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in July and a Comment on July Sales from Tom Lawler A brief excerpt: After the National Association of Realtors® (NAR) releases the monthly existing home sales report, I pick up additional local market…
by Calculated Risk on 8/27/2025 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 22, 2025. The Market Composite Index, a measure of mortgage…
by Calculated Risk on 8/26/2025 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 8/26/2025 02:01:00 PM Another update … a few key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern. This was because distressed sales (at lower price points) happened at a steady rate all year, while regular sales…
by Calculated Risk on 8/26/2025 09:53:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 1.9% year-over-year in June Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for June (“June” is a 3-month average of April, May and June closing prices). April closing prices include some contracts signed in…