by Calculated Risk on 12/15/2024 10:22:00 AM Most analysts expect the FOMC will cut the federal funds rate at the meeting this week by 25bp lowering the target range to 4 1/4 to 4 1/2 percent. However, most market participants now expect the FOMC to pause in January and are split on a rate cut…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Part 1: Current State of the Housing Market; Overview for mid-December 2024 • Part 2: Current State of the Housing Market; Overview for mid-December 2024 • The “Home ATM” Mostly Closed in Q3 • 2nd Look at Local Housing…
by Calculated Risk on 12/14/2024 08:11:00 AM The key economic reports this week are Retail Sales, Housing Starts, Existing Home Sales, the 3rd estimate of Q3 GDP, and November Personal income and outlays. For manufacturing, November Industrial Production, and the December New York, Philly and Kansas City Fed surveys will be released this week. The…
by Calculated Risk on 12/13/2024 07:36:00 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 12/13/2024 01:04:00 PM Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-December 2024 A brief excerpt: Earlier this week, in Part 1: Current State of the Housing Market; Overview for mid-December 2024 I reviewed home inventory, housing starts and sales. In…
by Calculated Risk on 12/13/2024 09:57:00 AM Today, in the Calculated Risk Real Estate Newsletter: Q3 Update: Delinquencies, Foreclosures and REO A brief excerpt: We will NOT see a surge in foreclosures that would significantly impact house prices (as happened following the housing bubble) for two key reasons: 1) mortgage lending has been solid, and…
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • No major economic releases scheduled. Source link
by Calculated Risk on 12/12/2024 05:10:00 PM 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 November, Realtor.com reported inventory was up 26.2% YoY, but still down 21.5% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 12/12/2024 01:05:00 PM Today, in the Calculated Risk Real Estate Newsletter: The “Home ATM” Mostly Closed in Q3 A brief excerpt: During the housing bubble, many homeowners borrowed heavily against their perceived home equity – jokingly calling it the “Home ATM” – and this contributed to the subsequent housing bust, since…
by Calculated Risk on 12/12/2024 12:26:00 PM The Federal Reserve released the Q3 2024 Flow of Funds report today: Financial Accounts of the United States. The net worth of households and nonprofits rose to $168.8 trillion during the third quarter of 2024. The value of directly and indirectly held corporate equities increased $3.8 trillion and…