by Calculated Risk on 11/08/2024 02:11:00 PM The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through 19 October. … 27 October through 2 November 2024 (percentage change from comparable week in 2023): • Occupancy: 60.8% (+1.9%)• Average daily rate (ADR): US$154.99 (+1.2%)• Revenue per available room (RevPAR): US$94.22 (+3.1%) emphasis…
by Calculated Risk on 11/08/2024 11:35:00 AM Fed Chair Powell, Nov 7, 2024: “It’s actually remarkable how strong the U.S. economy is performing. We’re performing better than all of our global peers. Ultimately, if you look at the U.S. economy, its performance has been very good.” From BofA: Next week, we will initiate our 4Q…
by Calculated Risk on 11/08/2024 08:27:00 AM Today, in the Calculated Risk Real Estate Newsletter: MBA: Mortgage Delinquencies Decreased Slightly in Q3 2024 A brief excerpt: From the MBA: Mortgage Delinquencies Decrease Slightly in the Third Quarter of 2024, Up on Annual Basis The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased slightly…
Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday: • At 10:00 AM: University of Michigan’s Consumer sentiment index (Preliminary for November). Source link
by Calculated Risk on 11/07/2024 04:01:00 PM What this means: On a weekly basis, Realtor.com reports the year-over-year change in active inventory and new listings. On a monthly basis, they report total inventory. For September, Realtor.com reported inventory was up 34.0% YoY, but still down 23.2% compared to the 2017 to 2019 same month levels. …
by Calculated Risk on 11/07/2024 02:00:00 PM Fed Chair Powell press conference video here or on YouTube here, starting at 2:30 PM ET. FOMC Statement: Recent indicators suggest that economic activity has continued to expand at a solid pace. Since earlier in the year, labor market conditions have generally eased, and the unemployment rate has…
by Calculated Risk on 11/07/2024 10:45:00 AM Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in October A brief excerpt: NOTE: The tables for active listings, new listings and closed sales all include a comparison to October 2019 for each local market (some 2019 data is not available). This…
by Calculated Risk on 11/07/2024 09:50:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in October Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in October compared to September. The Manheim Used Vehicle Value Index (MUVVI) fell to 202.8, a decline of 3.2% from a year ago. The seasonal…
by Calculated Risk on 11/06/2024 07:36:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is for 230 thousand initial claims, up from 227 thousand last week. • At 2:00 PM, FOMC Meeting Announcement. The…
by Calculated Risk on 11/06/2024 02:51:00 PM CR Note: I’ll be assessing the impact of Trump’s election on the economy, but we have to remember he doesn’t do most of what he says. For example, in 2016 he promised to deport 10 million residents, but that never happened. He said he’d repeal and replace the…