by Calculated Risk on 3/27/2025 10:00:00 AM From the NAR: Pending Home Sales Advanced 2.0% in February Pending home sales improved 2.0% in February according to the National Association of REALTORS®. The Northeast and West experienced month-over-month losses in transactions – with a larger decrease in the West – while the Midwest and South saw…
by Calculated Risk on 3/27/2025 08:44:00 AM From the BEA: Gross Domestic Product, 4th Quarter and Year 2024 (Third Estimate), GDP by Industry, and Corporate Profits Real gross domestic product (GDP) increased at an annual rate of 2.4 percent in the fourth quarter of 2024 (October, November, and December), according to the third estimate released…
by Calculated Risk on 3/26/2025 07:29:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 225 initial claims up from 223 thousand last week. • Also at 8:30 AM, Gross Domestic Product, 4th…
by Calculated Risk on 3/26/2025 02:10:00 PM This is something to watch again. Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long…
by Calculated Risk on 3/26/2025 10:18:00 AM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in February and a Look Ahead to March Sales A brief excerpt: After the National Association of Realtors® (NAR) releases the monthly existing home sales report, I pick up additional local market data that…
by Calculated Risk on 3/25/2025 07:15:00 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 8:30 AM, Durable Goods Orders for February from the Census Bureau. The consensus is…
by Calculated Risk on 3/25/2025 04:27:00 PM From WardsAuto: U.S. Light-Vehicle Sales Heading for Long-Time-High Gain in March (pay content). Brief excerpt: Deliveries appear to have accelerated sharply in the middle of the month, creating momentum that could cause sales to overshoot the forecast. Conversely, overall inventory is relatively lean – and could atypically decline…
by Calculated Risk on 3/25/2025 11:22:00 AM Today, in the Calculated Risk Real Estate Newsletter: New Home Sales Increase to 676,000 Annual Rate in February Brief excerpt: The Census Bureau reported New Home Sales in February were at a seasonally adjusted annual rate (SAAR) of 676 thousand. The previous three months were revised down, combined.…The…
by Calculated Risk on 3/24/2025 07:34:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Slightly Higher to Start New Week The average mortgage lender raised rates modestly on Monday morning–a logical move considering the weakness in the bond market over the weekend. Rates are based directly on bonds. Bond “weakness” means investors are…
by Calculated Risk on 3/24/2025 02:51:00 PM This is something to watch with less international travel. Here are the daily travel numbers from the TSA. This data is as of March 23, 2025. Click on graph for larger image. This data shows the 7-day average of daily total traveler throughput from the TSA (Blue). Air travel is…