by Calculated Risk on 5/25/2025 08:12:00 AM This week, in the CalculatedRisk Real Estate Newsletter on March existing home sales, NAR: Existing-Home Sales Decreased to 4.00 million SAAR in April; Down 2.0% YoY, I noted: On a month-over-month basis, median prices increased 2.7% from March and are now down 3.0% from the June 2024 peak. This…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • NAR: Existing-Home Sales Decreased to 4.00 million SAAR in April; Down 2.0% YoY • New Home Sales Increase to 743,000 Annual Rate in April • “How do you grade the Spring housing market?” • In Q1 2025, 19% of…
by Calculated Risk on 5/24/2025 08:11:00 AM The key reports this week are the second estimate of Q1 GDP, March Case-Shiller house prices, and Personal Income and Outlays for April. For manufacturing, the May Richmond and Dallas Fed manufacturing surveys will be released. —– Monday, May 26th —– All US markets will be closed in…
by Calculated Risk on 5/23/2025 07:05:00 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 5/23/2025 02:00:00 PM From BofA: Since our last weekly publication, our 2Q and 1Q GDP tracking are down two-tenths each to +2.0% q/q saar and -0.5% q/q saar, respectively. [May 23rd estimate]emphasis added From Goldman: We left our Q2 GDP tracking estimate unchanged at +2.1% (quarter-over-quarter annualized) and our Q2 domestic…
by Calculated Risk on 5/23/2025 10:59:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 743,000 Annual Rate in April Brief excerpt: The Census Bureau reported New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 743 thousand. The previous three months were revised down significantly,…
by Calculated Risk on 5/23/2025 10:00:00 AM The Census Bureau reports New Home Sales in April were at a seasonally adjusted annual rate (SAAR) of 743 thousand. The previous three months were revised down significantly, combined. Sales of new single-family houses in April 2025 were at a seasonally-adjusted annual rate of 743,000, according to estimates…
by Calculated Risk on 5/23/2025 08:09:00 AM From Intercontinental Exchange: ICE First Look at Mortgage Performance: Foreclosure Activity Edges Higher Following Recent Record Lows Intercontinental Exchange, Inc. (NYSE:ICE) … today released its April 2025 First Look, which shows U.S. Department of Veterans Affairs (VA) mortgages progressing through the foreclosure pipeline following the recent moratorium expiration….
by Calculated Risk on 5/22/2025 08:17:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 10:00 AM ET, New Home Sales for April from the Census Bureau. The consensus is for 700 thousand SAAR, down from 724 thousand SAAR in March. Source link
by Calculated Risk on 5/22/2025 04:59:00 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 May, Realtor.com reported inventory was up 30.6% YoY, but still down 16.3% compared to the 2017 to 2019 same month levels. …