by Calculated Risk on 1/08/2025 02:38:00 PM From the Fed: Minutes of the Federal Open Market Committee, December 17–18, 2024. Excerpt: With regard to the outlook for inflation, participants expected that inflation would continue to move toward 2 percent, although they noted that recent higher-than-expected readings on inflation, and the effects of potential changes in…
by Calculated Risk on 1/08/2025 01:02:00 PM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in December A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to December 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 1/08/2025 07:00:00 AM From the MBA: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 3, 2025. This week’s results include an adjustment for the…
by Calculated Risk on 1/07/2025 08:01:00 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 8:15 AM, The ADP Employment Report for December. This report is for private payrolls…
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…