by Calculated Risk on 10/01/2024 10:01:00 AM From the BLS: Job Openings and Labor Turnover Summary The number of job openings was little changed at 8.0 million on the last business day of August, the U.S. Bureau of Labor Statistics reported today. Over the month, hires changed little at 5.3 million. Total separations changed little…
by Calculated Risk on 9/30/2024 07:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Moderately Higher to Begin The Week Mortgage rates have generally been moving higher since the Fed cut rates 2 weeks ago. … While today’s weakness can’t be reduced to a single factor, the primary motivation was a speech from…
by Calculated Risk on 9/30/2024 02:17:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased Slightly in August; Up 3.7% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.11% month-over-month on a seasonally adjusted (SA) basis in August. On a year-over-year basis,…
by Calculated Risk on 9/30/2024 08:11:00 AM Altos reports that active single-family inventory was up 0.8% week-over-week. Inventory is now up 48.0% from the February seasonal bottom. Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of September 27th, inventory was at 731 thousand (7-day average), compared to 725 thousand…
by Calculated Risk on 9/29/2024 07:08:00 PM Weekend:• Schedule for Week of September 29, 2024 Monday:• At 9:45 AM ET, Chicago Purchasing Managers Index for September. The consensus is for a reading of 46.5, up from 46.1 in August. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for September. • At 1:55 PM,…
by Calculated Risk on 9/29/2024 01:23:00 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 August, Realtor.com reported inventory was up 5.8% YoY, but still down 26.4% compared to the 2017 to 2019 same month levels. …
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 5.0% year-over-year in July • New Home Sales Decrease to 716,000 Annual Rate in August • Inflation Adjusted House Prices 1.5% Below 2022 Peak • Fannie and Freddie: Single Family Serious Delinquency Rate…
by Calculated Risk on 9/28/2024 08:11:00 AM The key report scheduled for this week is the September employment report on Friday. Other key indicators include the September ISM Manufacturing and Services indices and September auto sales. —– Monday, September 30th —– 10:30 AM: Dallas Fed Survey of Manufacturing Activity for September. 9:45 AM: Chicago Purchasing…
by Calculated Risk on 9/27/2024 07:20:00 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 9/27/2024 05:32:00 PM Today, in the Calculated Risk Real Estate Newsletter: Fannie and Freddie: Single Family Serious Delinquency Rate Ticked Up in August Brief excerpt: Single-family serious delinquencies increased slightly in August, and multi-family serious delinquencies decreased slightly.…Freddie Mac reports that the multi-family delinquencies rate decreased to 0.38% in August, down…