by Calculated Risk on 2/10/2025 07:17:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Microscopically Lower to Start New Week Mortgage rates have been on a vacation from volatility since January 16th when they fell back toward 7% after hitting the highest levels since May 2024. Top tier 30yr fixed rates have operated…
by Calculated Risk on 2/10/2025 08:11:00 AM Altos reports that active single-family inventory was down 0.4% week-over-week. Inventory always declines seasonally in the Winter and usually bottoms in late January or February. Inventory is now up 1.3% from the bottom four weeks ago. Inventory has been little changed over the last 4 weeks. The first…
by Calculated Risk on 2/10/2025 12:01:00 AM Weekend:• Schedule for Week of February 9, 2025 Monday:• No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 are up 18 and DOW futures are up 88 (fair value). Oil prices were down over the last week with WTI futures at $71.00 per…
by Calculated Risk on 2/09/2025 08:19:00 AM From Dodge Data Analytics: Dodge Momentum Index Grows 6% in January The Dodge Momentum Index (DMI), issued by Dodge Construction Network, grew 5.6% in January to 225.7 (2000=100) from the revised December reading of 213.6. Over the month, commercial planning increased 4.2% while institutional planning improved 8.7%. “Nonresidential…
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by Calculated Risk on 2/08/2025 08:11:00 AM The key reports this week are January CPI and Retail sales. For manufacturing, the January Industrial Production report will be released this week. Fed Chair Powell presents the Semiannual Monetary Policy Report to the Congress on Tuesday and Wednesday. —– Monday, February 10th —– No major economic releases…
by Calculated Risk on 2/07/2025 07:20:00 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 2/07/2025 04:15:00 PM From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in January Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) moved 0.4% higher in January compared to December, causing the Manheim Used Vehicle Value Index (MUVVI) to increase to 205.6, a gain of 0.8% from a year…
by Calculated Risk on 2/07/2025 01:17:00 PM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Revisions Almost Eliminate Household/Establishment Survey Employment Growth Gap A brief excerpt: From housing economist Tom Lawler: Revisions Almost Eliminate Household/Establishment Survey Employment Growth Gap Over the last few years there has been a sizable gap between trend growth in…
by Calculated Risk on 2/07/2025 10:53:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in January A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to January 2019 for each local market (some 2019 data is not available). This…