unemployment

by Calculated Risk on 10/07/2024 07:17:00 PM From Matthew Graham at Mortgage News Daily: Highest Mortgage Rates in 2 Months It’s been a strange and frustrating couple of weeks for anyone who mistakenly believed that mortgage rates would move lower after the Fed rate cut. … Bottom line, markets got locked into the belief that…

by Calculated Risk on 10/07/2024 11:42:00 AM Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Insurance Costs “Spike”, Especially in Florida Brief excerpt: The largest insurance increases are in Florida (for obvious reasons – stay safe this week with Hurricane Milton). • While monthly principal, interest, and property tax obligations are up an average…

by Calculated Risk on 10/07/2024 09:40:00 AM From Manheim Consulting today: Wholesale Used-Vehicle Prices Declined in September Wholesale used-vehicle prices (on a mix, mileage, and seasonally adjusted basis) were lower in September compared to August. The Manheim Used Vehicle Value Index (MUVVI) fell to 203.0, a decline of 5.3% from a year ago. The seasonal…

by Calculated Risk on 10/07/2024 08:11:00 AM Altos reports that active single-family inventory was up 0.4% week-over-week. Inventory is now up 48.6% from the February seasonal bottom.   The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024.  The black line is…

by Calculated Risk on 10/06/2024 08:14:00 AM Note: I covered apartments and offices in the newsletter: Moody’s: Apartment Vacancy Rate Unchanged in Q3; Office Vacancy Rate at Record High From Moody’s Analytics economists: Multifamily Performance Steadied, Office Stress Continued to Manifest, Retail Vacancy Declined, And Industrial Cooled Down The Q3 2024 data indicated a slight…

At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores • Moody’s: Apartment Vacancy Rate Unchanged in Q3; Office Vacancy Rate at Record High • Freddie Mac House Price Index Increased Slightly in August; Up 3.7% Year-over-year •…

by Calculated Risk on 10/05/2024 08:11:00 AM The key economic report this week is September CPI. Other key indicators include September PPI and the August trade deficit. —– Monday, October 7th —– No major economic releases scheduled. —– Tuesday, October 8th —– 6:00 AM: NFIB Small Business Optimism Index for September. 8:30 AM: Trade Balance…

by Calculated Risk on 10/04/2024 07:00:00 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…