by Calculated Risk on 9/10/2024 01:52:00 PM Here is another monthly update on lumber prices. SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I switched to a physically-delivered Lumber Futures contract that was started in August 2022. Unfortunately, this impacts long term price comparisons since the new…
by Calculated Risk on 9/09/2024 07:13:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Holding Near Long-Term Lows to Start New Week The average lender’s top tier 30yr fixed rate fell to the lowest level since April 2023 last week. That’s down more than 1.25% over the past 5 months. … Today brought…
by Calculated Risk on 9/09/2024 11:30:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st 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 9/09/2024 09:08:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Increased in August Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were higher in August compared to July. The Manheim Used Vehicle Value Index (MUVVI) rose to 203.9, a decline of 3.9% from a year ago. The seasonal…
by Calculated Risk on 9/08/2024 07:33:00 PM Weekend:• Schedule for Week of September 8, 2024 • House Price Weekend: Case-Shiller: National House Price Index Up 5.4% year-over-year in June • Inflation Adjusted House Prices 1.6% Below 2022 Peak • Freddie Mac House Price Index Increased Slightly in July; Up 4.4% Year-over-year Monday:• No major economic…
by Calculated Risk on 9/08/2024 12:15:00 PM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased Slightly in July; Up 4.4% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.05% month-over-month on a seasonally adjusted (SA) basis in June. On a year-over-year basis,…
by Calculated Risk on 9/08/2024 10:52:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.9% Below 2022 Peak Excerpt: It has been over 18 years since the bubble peak. In the June Case-Shiller house price index released last week, the seasonally adjusted National Index (SA), was reported as being 73%…
UBS reported on Thursday that European real estate markets appear to be entering a new investment cycle, with key indicators pointing to stabilization. “A new cycle starts,” the report said, as investment volumes show signs of bottoming out. After a period of inflation and rising interest rates, the UK saw a 6.5% quarter-on-quarter growth in…
by Calculated Risk on 9/07/2024 06:50:00 PM Today, in the Calculated Risk Real Estate Newsletter: House Price Weekend: Case-Shiller: National House Price Index Up 5.4% year-over-year in June Excerpt: S&P/Case-Shiller released the monthly Home Price Indices for June (“June” is a 3-month average of April, May and June closing prices). June closing prices include some…
by Calculated Risk on 9/07/2024 08:11:00 AM The key economic report this week is the August Consumer Price Index (CPI). —– Monday, September 9th —– No major economic releases scheduled. —– Tuesday, September 10th —– 6:00 AM: NFIB Small Business Optimism Index for August. 8:00 AM: Corelogic House Price index for July —– Wednesday, September…