by Calculated Risk on 5/29/2025 10:00:00 AM From the NAR: Pending Home Sales Declined 6.3% in April Pending home sales decreased 6.3% in April, according to the National Association of REALTORS®. All four U.S. regions experienced month-over-month losses in transactions. Year-over-year, contract signings rose in the Midwest but descended in the Northeast, South and West…
by Calculated Risk on 5/29/2025 08:35:00 AM From the BEA: Gross Domestic Product (Second Estimate), Corporate Profits (Preliminary Estimate), 1st Quarter 2025 Real gross domestic product (GDP) decreased at an annual rate of 0.2 percent in the first quarter of 2025 (January, February, and March), according to the second estimate released by the U.S. Bureau…
by Calculated Risk on 5/28/2025 07:15:00 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 initial claims of 232 thousand, up from 229 thousand last week. • Also at 8:30 AM, Gross Domestic…
by Calculated Risk on 5/28/2025 03:24:00 PM From the Las Vegas Visitor Authority: April 2025 Las Vegas Visitor Statistics With a strong convention segment and events including Wrestlemania, counterbalanced by consumer uncertainty with evolving federal policies, visitation saw a net YoY decrease of ‐5.1% as the destination hosted approximately 3.3 million visitors in April. Convention…
by Calculated Risk on 5/28/2025 12:15:00 PM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.0% Below 2022 Peak Excerpt: It has been almost 19 years since the housing bubble peak, ancient history for some readers! In the March Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA),…
by Calculated Risk on 5/27/2025 07:17:00 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 10:00 AM, Richmond Fed Survey of Manufacturing Activity for May. 2:00 PM, FOMC Minutes,…
by Calculated Risk on 5/27/2025 01:10:00 PM 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…
by Calculated Risk on 5/27/2025 09:52:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 3.4% year-over-year in March Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for March (“March” is a 3-month average of January, February and March closing prices). January closing prices include some contracts signed in…
by Calculated Risk on 5/26/2025 06:48:00 PM Weekend:• Schedule for Week of May 25, 2025 Tuesday:• At 8:30 AM ET, Durable Goods Orders for April from the Census Bureau. The consensus is for a 7.8% decrease in durable goods orders. • At 9:00 AM, S&P/Case-Shiller House Price Index for March. The consensus is for the…
by Calculated Risk on 5/26/2025 12:44:00 PM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in April and a Look Ahead to May 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…