by Calculated Risk on 6/20/2025 08:44:00 AM Today, in the Calculated Risk Real Estate Newsletter: California Home Sales “Sputter” in May; 4th Look at Local Markets A brief excerpt: From the California Association of Realtors® (C.A.R.): California housing market sputters for third straight month in May as home sales and prices pull back, C.A.R. reports…
by Calculated Risk on 6/19/2025 08:11:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, the Philly Fed manufacturing survey for June. The consensus is for a reading of 0.0, up from -4.0 last month. Source link
The main events by the morning: June 19 Source link
by Calculated Risk on 6/19/2025 04:03:00 PM This data is as of June 17, 2025. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA for the last 6 years. Air travel is essentially unchanged YoY (down about 1.1% YoY). The red line is the…
by Calculated Risk on 6/19/2025 10:57:00 AM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For May, Realtor.com reported inventory was up 31.5% YoY, but still down 14.4% compared to the 2017 to 2019 same month levels. …
Without Washington’s support, it will be difficult for the EU to monitor the implementation of sanctions against Russian energy resources and convince its member states of their necessity. At the G7 meeting, Donald Trump said he had no plans to approve new sanctions against Russia, noting that Europe was still discussing the issue but was…
by Calculated Risk on 6/19/2025 08:13:00 AM A year ago I wrote: The Art of the Soft Landing A few excerpts and an updated graph … The “Art of the Soft Landing” requires that the Fed reduce rates quick enough to keep economic growth positive, and slow enough not to reignite inflation. My view is…
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • All US markets will be closed in observance of Juneteenth National Independence Day Source link
by Calculated Risk on 6/18/2025 03:26:00 PM Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: ABI May 2025: Despite persistent softness, fewer firms report declining billings The modest uptick in the AIA/Deltek Architecture Billings Index (ABI) score to 47.2 for the month means that fewer…
The Fed meeting will be held today – the markets are waiting for a rate decision. Last time, in March, officials expected an average of two declines in 2025, given the uncertainty surrounding Donald Trump’s economic policy. Most observers do not expect changes today either: many members of the regulator tend to maintain previously announced…