by Calculated Risk on 11/27/2024 10:13:00 AM The BEA released the Personal Income and Outlays, October 2024 report for October: Personal income increased $147.4 billion (0.6 percent at a monthly rate) in October, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes,…
by Calculated Risk on 11/27/2024 10:03:00 AM From the NAR: Pending Home Sales Climbed 2.0% in October, Third Straight Month of Gains Pending home sales ascended in October – the third consecutive month of increases – according to the National Association of REALTORS®. All four major U.S. regions experienced month-over-month gains in transactions, with the…
by Calculated Risk on 11/27/2024 08:36:00 AM From the BEA: Gross Domestic Product, Third Quarter 2024 (Second Estimate) and Corporate Profits (Preliminary) Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the “second” estimate released by the U.S. Bureau of Economic Analysis. In…
by Calculated Risk on 11/27/2024 08:33:00 AM The DOL reported: In the week ending November 23, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 2,000 from the previous week’s revised level. The previous week’s level was revised up by 2,000 from 213,000 to 215,000. The 4-week moving average was 217,000,…
The Russian ruble continues to weaken, despite the support from tax payments and stable oil quotes. On the Moscow Exchange, the yuan has exceeded the mark of 14.5 rubles, and the dollar is approaching the level of 106 rubles. The decline in the Russian currency is due to several factors: the aggravation of the geopolitical…
by Calculated Risk on 11/27/2024 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey — Mortgage applications increased 6.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 22, 2024. The Market Composite Index, a measure of…
by Calculated Risk on 11/26/2024 07:48:00 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 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is…
by Calculated Risk on 11/26/2024 04:03:00 PM The ICE HPI is a repeat sales index. ICE reports the median price change of the repeat sales. From Intercontinental Exchange (ICE): • Home price growth edged slightly higher in October to +3.0% (from +2.9% in September), after easing in each of the previous seven months • Lower…
by Calculated Risk on 11/26/2024 02:22:00 PM From the Fed: Minutes of the Federal Open Market Committee, November 6–7, 2024. Excerpt: In their discussion of financial stability, participants who commented noted vulnerabilities to the financial system that they assessed warranted monitoring. A couple of participants observed that the banking system was sound but that there…
by Calculated Risk on 11/26/2024 10:48:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Decrease Sharply to 610,000 Annual Rate in October Brief excerpt: Important: Sales in October were impacted by the hurricanes. The south region was down 27.7% year-over-year (“South” includes Florida, the Carolinas and Georgia – states hit hardest…