by Calculated Risk on 4/02/2025 09:51:00 AM Today, in the Calculated Risk Real Estate Newsletter: Moody’s: Q1 2025 Apartment Vacancy Rate Highest Since 2010; Office Vacancy Rate at Record High A brief excerpt: From Moody’s Analytics Economists: Q1 Moody’s CRE Preliminary Trend Analysis The national multifamily market has been under supply-side pressure over the past…
by Calculated Risk on 4/01/2025 08:57:00 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 8:15 AM, The ADP Employment Report for March. This report is for private payrolls…
by Calculated Risk on 4/01/2025 06:32:00 PM Wards Auto released their estimate of light vehicle sales for March: March U.S. Light-Vehicle Sales Surge in Preemptive Move to Potential Tariff-Based Price Increases (pay site). March sales were proof that U.S. consumers are very much paying attention to tariffs, as demand on a seasonally adjusted annualized basis surged…
by Calculated Risk on 4/01/2025 10:31:00 AM From the Census Bureau reported that overall construction spending decreased: Construction spending during February 2025 was estimated at a seasonally adjusted annual rate of $2,195.8 billion, 0.7 percent above the revised January estimate of $2,179.9 billion. The February figure is 2.9 percent above the February 2024 estimate of…
by Calculated Risk on 3/31/2025 07:17:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Lower, But Remain Broadly Sideways Sideways” has been the dominant theme for mortgage rates for well over a month now. The average top tier 30yr fixed rate fell below 6.82% on February 25th, and moved down to 6.70%…
by Calculated Risk on 3/31/2025 02:36:00 PM Today, in the Calculated Risk Real Estate Newsletter: FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores A brief excerpt: Here are some graphs on outstanding mortgages by interest rate, the average mortgage interest rate, borrowers’ credit scores and current loan-to-value (LTV) from the FHFA’s National…
by Calculated Risk on 3/31/2025 10:34:00 AM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in February; Up 3.4% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.18% month-over-month on a seasonally adjusted (SA) basis in February. On a year-over-year basis, the…
by Calculated Risk on 3/30/2025 07:11:00 PM Weekend:• Schedule for Week of March 30, 2025 Monday:• At 9:45 AM ET, Chicago Purchasing Managers Index for March. The consensus is for a reading of 45.5, unchanged from 45.5 in February. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity for March. This is the last…
by Calculated Risk on 3/30/2025 10:19:00 AM 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…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • New Home Sales Increase to 676,000 Annual Rate in February • Case-Shiller: National House Price Index Up 4.1% year-over-year in January • Policy and 2025 Housing Outlook • Fannie and Freddie: Single Family Serious Delinquency Rates Unchanged in February…