by Calculated Risk on 9/08/2024 07:33:00 PM Weekend:• Schedule for Week of September 8, 2024 • House Price Weekend: Case-Shiller: National House Price Index Up 5.4% year-over-year in June • Inflation Adjusted House Prices 1.6% Below 2022 Peak • Freddie Mac House Price Index Increased Slightly in July; Up 4.4% Year-over-year Monday:• No major economic…
by Calculated Risk on 9/08/2024 12:15:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased Slightly in July; Up 4.4% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.05% month-over-month on a seasonally adjusted (SA) basis in June. On a year-over-year basis,…
by Calculated Risk on 9/08/2024 10:52:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.9% Below 2022 Peak Excerpt: It has been over 18 years since the bubble peak. In the June Case-Shiller house price index released last week, the seasonally adjusted National Index (SA), was reported as being 73%…
by Calculated Risk on 9/07/2024 06:50:00 PM Today, in the Calculated Risk Real Estate Newsletter: House Price Weekend: Case-Shiller: National House Price Index Up 5.4% 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). June closing prices include some…
by Calculated Risk on 9/07/2024 08:11:00 AM The key economic report this week is the August Consumer Price Index (CPI). —– Monday, September 9th —– No major economic releases scheduled. —– Tuesday, September 10th —– 6:00 AM: NFIB Small Business Optimism Index for August. 8:00 AM: Corelogic House Price index for July —– Wednesday, September…
by Calculated Risk on 9/06/2024 07:31:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I’m currently using 4 weeks ago for “now”, since the most recent three weeks will be revised significantly. Note: “Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital…
by Calculated Risk on 9/06/2024 06:17:00 PM From BofA: Since our last weekly publication, the 3Q GDP tracking estimate went down three tenths to 2.3% q/q saar while our 2Q GDP tracking estimate remains unchanged at 3.0% q/q saar since the second official estimate. [Sept 6th estimate]emphasis added From Goldman: The details of the trade…
by Calculated Risk on 9/06/2024 12:03:00 PM Today, in the Calculated Risk Real Estate Newsletter: Catching Up: New Home Sales Increased to 739,000 Annual Rate in July Brief excerpt: I’m back from Africa! I’ll be catching up on recent data over the next few days, and I’ll post some photos / videos from my trip….
by Calculated Risk on 9/06/2024 09:12:00 AM The headline jobs number in the August employment report was below expectations, and June and July payrolls were revised down by 82,000 combined. The participation rate and the employment population ratio were unchanged, and the unemployment rate decreased to 4.2%. Construction employment increased 34 thousand and is now…
by Calculated Risk on 9/06/2024 08:30:00 AM From the BLS: Employment Situation Total nonfarm payroll employment increased by 142,000 in August, and the unemployment rate changed little at 4.2 percent, the U.S. Bureau of Labor Statistics reported today. Job gains occurred in construction and health care.…The change in total nonfarm payroll employment for June was…