by Calculated Risk on 2/26/2025 07:45:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for an increase to 225 thousand from 219 thousand last week. • At 8:30 AM, Gross Domestic Product, 4th…
by Calculated Risk on 2/26/2025 10:40:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Decrease to 657,000 Annual Rate in January Brief excerpt: The Census Bureau reported New Home Sales in January were at a seasonally adjusted annual rate (SAAR) of 657 thousand. The previous three months were revised up.…The next…
by Calculated Risk on 2/25/2025 07:41:00 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 mortgage purchase applications index. • At 10:00 AM, New Home Sales for January from the Census Bureau. The consensus is that new home…
by Calculated Risk on 2/25/2025 04:16:00 PM A few key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern. This was because distressed sales (at lower price points) happened at a steady rate all year, while regular sales followed the normal…
by Calculated Risk on 2/25/2025 01:11:00 PM The FDIC released the Quarterly Banking Profile for Q4 2024: Full-Year ROA and Net Income Increased in 2024The banking industry reported full-year net income of $268.2 billion, up $14.1 billion (5.6 percent) from 2023. The aggregate return-on-assets ratio (ROA) increased 3 basis points to 1.12 percent. The increase…
by Calculated Risk on 2/24/2025 07:06:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week at 2 Month Lows Mortgage rates were already in line with the lowest levels since December 18th by last Thursday. They dropped to the best levels since December 12th a day later. end of last week.…The…
by Calculated Risk on 2/24/2025 12:56:00 PM From WardsAuto: February U.S. Light-Vehicle Sales Maintain Growth; Inventory Resumes Gains (pay content). Brief excerpt: Sales are recording solid gains, but production slowdowns capping dealer stock in a growth market – a market that ostensibly still is climbing out of the trough caused by the pandemic and supply-chain…
by Calculated Risk on 2/23/2025 06:17:00 PM Weekend:• Schedule for Week of February 23, 2025 • Housing Starts and Recessions Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for January. This is a composite index of other data. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for February. From CNBC: Pre-Market…
by Calculated Risk on 2/23/2025 11:04:00 AM This morning, Carl Quintanilla posted a graph on Bluesky from BESPOKE suggesting the US is heading towards a recession. Quintanilla quoted BESPOKE: “On a 12-month average basis, .. Housing Starts have completely rolled over from their peak .. “.. Recessions have always followed a rollover in Housing Starts,…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Decreased to 4.08 million SAAR in January • Housing Starts Decreased to 1.366 million Annual Rate in January • The “Neutral” Rate and Implications for 30-year Mortgage Rates • California Home Sales Down 1.9% YoY in…