by Calculated Risk on 12/31/2024 09:52:00 AM Today, in the Calculated Risk Real Estate Newsletter: Case-Shiller: National House Price Index Up 3.6% year-over-year in October Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for October (“October” is a 3-month average of August, September and October closing prices). October closing prices include some contracts signed in…
by Calculated Risk on 12/31/2024 09:00:00 AM S&P/Case-Shiller released the monthly Home Price Indices for October (“October” is a 3-month average of August, September and October closing prices). This release includes prices for 20 individual cities, two composite indices (for 10 cities and 20 cities) and the monthly National index. From S&P S&P CoreLogic Case-Shiller…
by Calculated Risk on 12/30/2024 08:21:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Start New Week With Some Hope Last week wasn’t great for mortgage rates. They moved higher on each of the 5 days. Moreover, there was a distinct lack of logical motivation from the economic data. In fact, on a…
by Calculated Risk on 12/30/2024 06:19:00 PM The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through 21 December. … Growth was elevated due to the Hannukah calendar shift as well as the compressed business travel period between Thanksgiving and Christmas. As expected, actual levels were significantly lower than the…
by Calculated Risk on 12/30/2024 03:36:00 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 12/30/2024 12:38:00 PM Today, in the Calculated Risk Real Estate Newsletter: Final Look at Local Housing Markets in November and a Look Ahead to December 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 12/30/2024 10:00:00 AM From the NAR: Pending Home Sales Moved Up 2.2% in November, Fourth Straight Month of Increases Pending home sales gained 2.2% in November – the fourth consecutive month of increases and the highest level since February 2023 – according to the National Association of REALTORS®. The Midwest, South…
by Calculated Risk on 12/30/2024 08:11:00 AM Altos reports that active single-family inventory was down 2.5% week-over-week. Inventory will continue to decline seasonally until early next year and probably bottom in late January or February. The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The…
by Calculated Risk on 12/29/2024 07:18:00 PM Weekend:• Schedule for Week of December 29, 2024 Monday:• At 9:45 AM, Chicago Purchasing Managers Index for December. • At 10:00 AM, Pending Home Sales Index for November. The consensus is for a 0.7% increase in the index. • At 10:30 AM, Dallas Fed Survey of Manufacturing Activity…
by Calculated Risk on 12/29/2024 10:11:00 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…