by Calculated Risk on 2/04/2025 04:40:00 PM From the U.S. Courts: Bankruptcy Filings Rise 14.2 Percent Total bankruptcy filings rose 14.2 percent, with increases in both business and non-business bankruptcies, in the twelve-month period ending Dec. 31, 2024. This continues an ongoing rebound in filings after more than a decade of sharply dropping totals. According…
In early February, the U.S. stock market faced pressure following the announcement of new import tariffs by President Donald Trump. This decision to impose duties on goods from key trading partners raised concerns among investors about potential negative impacts on the global economy. As a result, the Dow Jones index dropped by 613 points, which…
by Calculated Risk on 2/03/2025 08:31:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Stay Flat Despite Underlying Market Volatility We know that mortgage rates are driven by financial markets and we know that financial markets have experienced volatility amid the roll-out of new tariffs over the weekend. But rates are starting the…
by Calculated Risk on 2/03/2025 05:00:00 PM Wards Auto released their estimate of light vehicle sales for January: U.S. Light-Vehicle Sales Start 2025 With 4% Increase in January (pay site). There did not appear to be an end-of-month boost in demand, either as a rebound from the mid-month weather-related losses or pull-ahead volume in case of…
Market sentiment turned bearish, affecting most cryptocurrencies. Bitcoin briefly dropped nearly 6% to $93,890, while smaller tokens saw even sharper declines. Ethereum, the second-largest cryptocurrency by market capitalization, plunged 27% on Monday, February 3, to $2,135. It later rebounded slightly, but experts see this as its largest intraday drop since May 2021. On the morning…
by Calculated Risk on 2/03/2025 11:49:00 AM Today, in the Real Estate Newsletter: ICE Mortgage Monitor: “Lowest calendar year home price growth of any year since 2011” Brief excerpt: Here is the year-over-year in house prices according to the ICE Home Price Index (HPI). The ICE HPI is a repeat sales index. ICE reports the…
by Calculated Risk on 2/02/2025 07:23:00 PM Weekend:• Schedule for Week of February 2, 2025 Monday:• At 10:00 AM ET, ISM Manufacturing Index for January. The consensus is for the ISM to be at 49.5, up from 49.3 in December. • Also at 10:00 AM, Construction Spending for December. The consensus is for a 0.1%…
by Calculated Risk on 2/02/2025 08:25:00 AM As expected with the MLK Day holiday, the U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through 25 January. … 119-25 January 2025 (percentage change from comparable week in 2024): • Occupancy: 54.3% (-3.4%)• Average daily rate (ADR): US$154.21 (+3.4%)• Revenue per available room…
by Calculated Risk on 2/01/2025 05:15:00 PM This might be something to watch again. Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • New Home Sales Increase to 698,000 Annual Rate in December • Case-Shiller: National House Price Index Up 3.8% year-over-year in November • Inflation Adjusted House Prices 1.1% Below 2022 Peak • Freddie Mac House Price Index Increased in December;…