by Calculated Risk on 9/17/2024 01:00:00 PM Today, in the Calculated Risk Real Estate Newsletter: Lawler: Early Read on Existing Home Sales in August A brief excerpt: From housing economist Tom Lawler: Based on publicly-available local realtor/MLS reports released across the country through today, I project that existing home sales as estimated by the National…
by Calculated Risk on 9/16/2024 07:01:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Inch Lower to Begin Potentially Wild Week The new week began on a relatively quiet note in terms of mortgage rate movement and the underlying bond market. … Traders have quickly shifted back to expecting slightly better odds of…
by Calculated Risk on 9/16/2024 02:46:00 PM Today, in the Calculated Risk Real Estate Newsletter: Part 2: Current State of the Housing Market; Overview for mid-September 2024 A brief excerpt: On Friday, in Part 1: Current State of the Housing Market; Overview for mid-September 2024 I reviewed home inventory, housing starts and sales. In Part…
by Calculated Risk on 9/15/2024 06:52:00 PM Weekend:• Schedule for Week of September 15, 2024 • FOMC Preview: Fed to Cut Rates Monday:• 8:30 AM ET: The New York Fed Empire State manufacturing survey for September. The consensus is for a reading of -4.0, up from -4.7. From CNBC: Pre-Market Data and Bloomberg futures S&P…
by Calculated Risk on 9/15/2024 10:17:00 AM Most analysts expect the FOMC will cut the federal funds rate at the meeting this week by 25bp lowering the target range to 5 to 5-1/4 percent. It is possible the FOMC will cut by 50bp. Currently market participants are split evenly between a 25bp and a 50bp…
At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Part 1: Current State of the Housing Market; Overview for mid-September 2024 • The “Home ATM” Mostly Closed in Q2 • 2nd Look at Local Housing Markets in August • Asking Rents Mostly Unchanged Year-over-year • ICE Mortgage Monitor:…
by Calculated Risk on 9/14/2024 08:11:00 AM The key reports this week are August Retail Sales, Housing Starts and Existing Home sales. For manufacturing, August Industrial Production, and the September New York and Philly Fed surveys will be released this week. The FOMC meets this week and is expected to cut rates. —– Monday, September…
by Calculated Risk on 9/13/2024 07:23:00 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 9/13/2024 03:13:00 PM Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in August A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to August 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 9/13/2024 09:16:00 AM Today, in the Calculated Risk Real Estate Newsletter: Part 1: Current State of the Housing Market; Overview for mid-September 2024 A brief excerpt: This 2-part overview for mid-September provides a snapshot of the current housing market. I always focus first on inventory, since inventory usually tells the tale!…Here…