by Calculated Risk on 1/07/2025 04:49:00 PM Notes: This CoreLogic House Price Index report is for November. The recent Case-Shiller index release was for October. The CoreLogic HPI is a three-month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic: Northeastern, New England States Continue to Lead US for Annual Home Price Growth…
by Calculated Risk on 1/07/2025 01:48:00 PM Today, in the Real Estate Newsletter: Asking Rents Mostly Unchanged Year-over-year Brief excerpt: Another monthly update on rents. Tracking rents is important for understanding the dynamics of the housing market. Slower household formation and increased supply (more multi-family completions) has kept asking rents under pressure. … Welcome to…
by Calculated Risk on 1/07/2025 12:28:00 PM (Posted with permission). The ISM® Services index was at 54.1%, up from 52.1% last month. The employment index decreased to 51.4%, from 51.5%. Note: Above 50 indicates expansion, below 50 in contraction. From the Institute for Supply Management: Services PMI® at 54.1% December 2024 Services ISM® Report On Business®…
by Calculated Risk on 1/06/2025 08:11:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Barely Budge to Start New Week The bond market and interest rates have arrived at the first full week of the new year almost exactly where they left off before the X-mas/New Year holiday weeks. … Although the past…
by Calculated Risk on 1/06/2025 04:55:00 PM Note: I covered apartments and offices in the newsletter: Moody’s: Apartment Vacancy Rate Increased in Q4; Office Vacancy Rate at Record High From Moody’s Analytics economists: Multifamily Continued to Defy the Supply Shock, Office’s Vacancy Rate Broke Another Record, Retail Rents Drift Higher with Tight Supply, And Industrial…
by Calculated Risk on 1/06/2025 01:55:00 PM This graph shows heavy truck sales since 1967 using data from the BEA. The dashed line is the December 2024 seasonally adjusted annual sales rate (SAAR) of 422 thousand. Heavy truck sales really collapsed during the great recession, falling to a low of 180 thousand SAAR in May…
Today, in the Calculated Risk Real Estate Newsletter: Moody’s: Apartment Vacancy Rate Increased in Q4; Office Vacancy Rate at Record High A brief excerpt: From Moody’s Analytics Economists: Multifamily Continued to Defy the Supply Shock, Office’s Vacancy Rate Broke Another Record, Retail Rents Drift Higher with Tight Supply, And Industrial Maintains Status Quo Amid record-level…
by Calculated Risk on 1/05/2025 08:04:00 PM Weekend:• Schedule for Week of January 5, 2025 • Question #2 for 2025: How much will job growth slow in 2025? Or will the economy lose jobs? • Question #1 for 2025: How much will the economy grow in 2025? Will there be a recession in 2025? Monday:•…
by Calculated Risk on 1/05/2025 12:39:00 PM Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will be on…
by Calculated Risk on 1/05/2025 10:27:00 AM Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2025. Some of these questions concern real estate (inventory, house prices, housing starts, new home sales), and I posted thoughts on those in the newsletter (others like GDP and employment will be on…