by Calculated Risk on 6/26/2025 10:00:00 AM From the NAR: NAR Pending Home Sales Report Reveals 1.8% Increase in May Pending home sales increased by 1.8% in May from the prior month and 1.1% year-over-year, according to the National Association of REALTORS® Pending Home Sales report. All four U.S. regions experienced month-over-month increases – most…
by Calculated Risk on 6/26/2025 08:38:00 AM From the BEA: Gross Domestic Product, 1st Quarter 2025 (Third Estimate), GDP by Industry, and Corporate Profits (Revised) Real gross domestic product (GDP) decreased at an annual rate of 0.5 percent in the first quarter of 2025 (January, February, and March), according to the third estimate released by…
by Calculated Risk on 6/26/2025 08:30:00 AM The DOL reported: In the week ending June 21, the advance figure for seasonally adjusted initial claims was 236,000, a decrease of 10,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 245,000 to 246,000. The 4-week moving average was 245,000,…
by Calculated Risk on 6/25/2025 07:59:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for initial claims to increase to 247 thousand from 245 thousand last week. • At 8:30 AM: Gross Domestic Product,…
by Calculated Risk on 6/25/2025 03:56:00 PM From J.D. Power: June New-Vehicle Sales Subdued After Reverse of Tariff-Driven Rush to Showrooms; Retail Sales Rise 7.5% in First Half of 2025 Brief excerpt: The seasonally adjusted annualized rate (SAAR) for total new-vehicle sales is expected to be 15.0 million units, up 0.2 million units from June…
by Calculated Risk on 6/25/2025 02:11:00 PM Another update … 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…
by Calculated Risk on 6/25/2025 07:00:00 AM From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 1.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 20, 2025. This week’s results include an adjustment for the…
by Calculated Risk on 6/24/2025 07:45:00 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 10:00 AM, New Home Sales for May from the Census Bureau. The consensus is…
by Calculated Risk on 6/24/2025 01:16:00 PM The U.S. hotel industry reported mostly negative year-over-year comparisons, according to CoStar’s latest data through 14 June. … 8-14 June 2025 (percentage change from comparable week in 2024): • Occupancy: 68.6% (-2.4%)• Average daily rate (ADR): US$163.43 (+0.6%)• Revenue per available room (RevPAR): US$112.11 (-1.8%) emphasis added The…
by Calculated Risk on 6/23/2025 08:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Lowest Since May 1st Mortgage rates ended the previous week roughly in line with the best levels since May 1st. Today’s modest improvement made it official. Mortgage rates are primarily a function of trading levels in the bond market…