by Calculated Risk on 1/30/2025 03:59:00 PM From the Las Vegas Visitor Authority: December 2024 Las Vegas Visitor Statistics Closing out the year with Dec visitation of 3.4M visitors (+0.2% YoY), Las Vegas hosted approx. 41.7M visitors for the year, up 2.1% from last year’s 40.8M visitors. With a strong December to end the year,…
by Calculated Risk on 1/30/2025 12:55:00 PM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in December and a Look Ahead to January 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 1/29/2025 08:08:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, Gross Domestic Product, 4th quarter and Year 2024 (Advance estimate). The consensus is that real GDP increased 2.6% annualized in Q4. • Also at 8:30 AM, The initial weekly unemployment claims…
by Calculated Risk on 1/29/2025 02:00:00 PM Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. FOMC Statement: Recent indicators suggest that economic activity has continued to expand at a solid pace. The unemployment rate has stabilized at a low level in recent months, and labor market conditions…
by Calculated Risk on 1/29/2025 10:17:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.1% Below 2022 Peak Excerpt: It has been over 18 years since the housing bubble peak. In the November Case-Shiller house price index released yesterday, the seasonally adjusted National Index (SA), was reported as being 77%…
by Calculated Risk on 1/28/2025 07:59:00 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 mortgage purchase applications index. • At 2:00 PM, FOMC Meeting Announcement. No change to policy is expected. • At 2:30 PM, Fed Chair…
by Calculated Risk on 1/28/2025 01:31:00 PM From the MBA: Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2024 Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey. “The delinquency rate for commercial…
by Calculated Risk on 1/27/2025 07:17:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Only Moderately Lower After Tech Rout Even though there is some uncertainty about the near-term Fed rate outlook and even though we have a Fed meeting coming up on Wednesday, today was all about conventional wisdom for interest rates….
by Calculated Risk on 1/27/2025 02:23:00 PM On the positive side of the MLK Day calendar shift, the U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 18 January. … 12-18 January 2025 (percentage change from comparable week in 2024): • Occupancy: 55.8% (+6.7%)• Average daily rate (ADR): US$155.81 (+10.0%)• Revenue…
by Calculated Risk on 1/26/2025 07:27:00 PM Weekend:• Schedule for Week of January 26, 2025 Monday:• At 8:30 AM ET, Chicago Fed National Activity Index for December. This is a composite index of other data. • At 10:00 AM, New Home Sales for December from the Census Bureau. The consensus is for 670 thousand SAAR,…