At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • Case-Shiller: National House Price Index Up 4.2% year-over-year in August • Fannie and Freddie: Single Family and Multi-Family Serious Delinquency Rates Increased in September • Inflation Adjusted House Prices 1.5% Below 2022 Peak • Freddie Mac House Price Index…
by Calculated Risk on 11/02/2024 08:11:00 AM The FOMC meets this week and is expected to cut rates. —– Monday, November 4th —– No major economic releases scheduled. —– Tuesday, November 5th —– All day: U.S. Election 8:30 AM: Trade Balance report for September from the Census Bureau. The consensus is for the deficit to…
by Calculated Risk on 11/01/2024 09:10:00 AM Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.5% Below 2022 Peak Excerpt: It has been over 18 years since the bubble peak. In the August Case-Shiller house price index on Tuesday, the seasonally adjusted National Index (SA), was reported as being 75% above…
by Calculated Risk on 11/01/2024 09:07:00 AM The headline jobs number in the October employment report was below expectations, and August and September payrolls were revised down by 112,000 combined. The participation rate and the employment population ratio declined, and the unemployment rate was unchanged at 4.1%. Seasonal Retail Hiring Typically, retail companies start hiring…
by Calculated Risk on 11/01/2024 08:30:00 AM From the BLS: Employment Situation Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care and government. Temporary help services lost jobs. Employment…
by Calculated Risk on 10/31/2024 08:01:00 PM Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Friday:• At 8:30 AM ET, Employment Report for October. The consensus is for 120,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. • At 10:00 AM, ISM Manufacturing Index for October. …
by Calculated Risk on 10/31/2024 04:41:00 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 10/31/2024 02:55:00 PM On Friday at 8:30 AM ET, the BLS will release the employment report for October. The consensus is for 120,000 jobs added, and for the unemployment rate to be unchanged at 4.1%. There were 254,000 jobs added in September, and the unemployment rate was at 4.1%. From BofA:…
by Calculated Risk on 10/31/2024 11:32:00 AM Today, in the Calculated Risk Real Estate Newsletter: Freddie Mac House Price Index Increased in September; Up 3.6% Year-over-year A brief excerpt: Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.28% month-over-month on a seasonally adjusted (SA) basis in September. On a year-over-year basis, the…
by Calculated Risk on 10/31/2024 08:40:00 AM The BEA released the Personal Income and Outlays report for September: Personal income increased $71.6 billion (0.3 percent at a monthly rate) in September, according to estimates released today by the U.S. Bureau of Economic Analysis. Disposable personal income (DPI), personal income less personal current taxes, increased $57.4…