real estate

by Calculated Risk on 8/13/2024 07:14:00 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 8:30 AM, The Consumer Price Index for July from the BLS. The consensus is…

by Calculated Risk on 8/13/2024 12:01:00 PM Fannie reported results for Q2 2024. Here is some information on single-family Real Estate Owned (REOs).  Fannie Mae reported the number of REOs decreased to 7,179 at the end of Q2 2024, down 10% from 7,971 at the end of the previous quarter, and down 17% year-over-year from…

by Calculated Risk on 8/12/2024 07:10:00 PM From Matthew Graham at Mortgage News Daily: Mortgage Rates Effectively Unchanged to Begin New Week Today was completely different than the previous Monday in that it was a normal, boring day with essentially no change in mortgage rates over the weekend.…This could change in the coming days as…

by Calculated Risk on 8/12/2024 11:12:00 AM Today, in the Calculated Risk Real Estate Newsletter: 2nd Look at Local Housing Markets in July A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to July 2019 for each local market (some 2019 data is not available). This…

At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • 1st Look at Local Housing Markets in July Early Reports Suggest New Cycle Low for NAR reported Sales in July • ICE Mortgage Monitor: Existing Home Inventory Surges in Florida and Texas • How Much will the Fannie &…

by Calculated Risk on 8/10/2024 08:11:00 AM The key reports this week are July CPI, Retail Sales and Housing Starts. For manufacturing, the Industrial Production report will be released. —– Monday, August 12th —– No major economic releases scheduled. —– Tuesday, August 13th —– 6:00 AM ET: NFIB Small Business Optimism Index for July. 8:30…

by Calculated Risk on 8/09/2024 07:35:00 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 8/09/2024 02:01:00 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…