by Calculated Risk on 12/30/2024 08:21:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope Last week wasn’t great for mortgage rates. They moved higher on each of the 5 days. Moreover, there was a distinct lack of logical motivation from the economic data. In fact, on a…
by Calculated Risk on 12/30/2024 06:19:00 PM The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 21 December. … Growth was elevated due to the Hannukah calendar shift as well as the compressed business travel period between Thanksgiving and Christmas. As expected, actual levels were significantly lower than the…
by Calculated Risk on 12/30/2024 03:36:00 PM Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will be on…
by Calculated Risk on 12/30/2024 12:38:00 PM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in November and a Look Ahead to December Sales A brief excerpt: After the National Association of Realtors® (NAR) releases the monthly existing home sales report, I pick up additional local market data that…
by Calculated Risk on 12/30/2024 10:00:00 AM From the NAR: Pending Home Sales Moved Up 2.2% in November, Fourth Straight Month of Increases Pending home sales gained 2.2% in November – the fourth consecutive month of increases and the highest level since February 2023 – according to the National Association of REALTORS®. The Midwest, South…
by Calculated Risk on 12/30/2024 08:11:00 AM Altos reports that active single-family inventory was down 2.5% week-over-week. Inventory will continue to decline seasonally until early next year and probably bottom in late January or February. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The…
by Calculated Risk on 12/29/2024 07:18:00 PM Weekend:• Schedule for Week of December 29, 2024 Monday:• At 9:45 AM, Chicago Purchasing Managers Index for December. • At 10:00 AM, Pending Home Sales Index for November. The consensus is for a 0.7% increase in the index. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity…
by Calculated Risk on 12/29/2024 10:11:00 AM Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will be on…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • New Home Sales Increase to 664,000 Annual Rate in November • FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores • Lawler: New Census Population Estimates Show Massively Higher Population Growth • Question #8 for 2025: How…
by Calculated Risk on 12/28/2024 08:11:00 AM Happy New Year! Wishing you all the best in 2025. The key reports this week are the October Case-Shiller house price indexes, the December ISM manufacturing survey and December vehicle sales. —– Monday, December 30th —– 9:45 AM: Chicago Purchasing Managers Index for December. 10:00 AM: Pending Home…