The Oldest and Most Trusted Real Estate News Magazine

Author Archive

Tuesday: Auto Sales

By
Tuesday: Auto Sales

From Matthew Graham at Mortgage News Daily: Mortgage Rates Unchanged to Slightly Higher Mortgage rates were unchanged to slightly higher today, keeping them in line with the previous 4 business days.  This 5-day block stands out from the previous trend that had taken rates generally lower since the middle of March, ultimately hitting the best levels...
Read more »

Tags: , ,
Posted in Mortgage Brokers | No Comments »

Schedule for Week of Apr 30, 2017

By
Schedule for Week of Apr 30, 2017

The key report this week is the April employment report on Friday. Other key indicators include the April ISM manufacturing and non-manufacturing indexes, April auto sales, and the March Trade Deficit. —– Monday, May 1st —–8:30 AM: Personal Income and Outlays for March. The consensus is for a 0.3% increase in personal income, and for a 0.1% increase...
Read more »

Tags: , ,
Posted in Mortgage Brokers | No Comments »

HVS: Q1 2017 Homeownership and Vacancy Rates

By
HVS: Q1 2017 Homeownership and Vacancy Rates

The Census Bureau released the Residential Vacancies and Homeownership report for Q1 2017. This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but...
Read more »

Tags: , , ,
Posted in Mortgage Brokers | No Comments »

Real House Prices and Price-to-Rent Ratio in February

By
Real House Prices and Price-to-Rent Ratio in February

Here is the earlier post on Case-Shiller: Case-Shiller: National House Price Index increased 5.8% year-over-year in February It has been more than ten years since the bubble peak. In the Case-Shiller release this morning, the seasonally adjusted National Index (SA), was reported as being 2.1% above the previous bubble peak. However, in real terms,...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

Schedule for Week of Apr 23, 2017

By
Schedule for Week of Apr 23, 2017

The key economic reports this week are Q1 GDP and March New Home sales. —– Monday, Apr 24th —–8:30 AM: Chicago Fed National Activity Index for March. This is a composite index of other data. 10:30 AM: Dallas Fed Survey of Manufacturing Activity for April. —– Tuesday, Apr 25th—–9:00 AM: FHFA House Price Index...
Read more »

Tags: , ,
Posted in Mortgage Brokers | No Comments »

Vehicle Sales Forecast: Sales close to 17 Million SAAR in April

By
Vehicle Sales Forecast: Sales close to 17 Million SAAR in April

The automakers will report April vehicle sales on Tuesday, May 2nd. Note: There were 26 selling days in April 2017, down from 27 in April 2016. From WardsAuto: U.S. Forecast: Mild Sales, Growing Inventory The report puts the seasonally adjusted annual rate of sales for the month at 17.1 million units, well above last...
Read more »

Tags: , , , , ,
Posted in Mortgage Brokers | No Comments »

A Few Comments on March Existing Home Sales

By
A Few Comments on March Existing Home Sales

Earlier: NAR: “Existing-Home Sales Jumped 4.4% in March” A few key points: 1) As usual, housing economist Tom Lawler’s forecast was closer to the NAR report than the consensus.  See: Lawler: Early Read on Existing Home Sales in March “I project that US existing home sales as estimated by the National Association of Realtors...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers | No Comments »

AIA: Architecture Billings Index increased in March

By
AIA: Architecture Billings Index increased in March

Note: This index is a leading indicator primarily for new Commercial Real Estate (CRE) investment. From the AIA: Architecture Billings Index continues to strengthen The first quarter of the year ended on a positive note for the Architecture Billings Index (ABI).  As a leading economic indicator of construction activity, the ABI reflects the approximate...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers | No Comments »

Q1 GDP Forecasts Downgraded Again

By
Q1 GDP Forecasts Downgraded Again

From the Altanta Fed: GDPNow The GDPNow model forecast for real GDP growth (seasonally adjusted annual rate) in the first quarter of 2017 is 0.5 percent on April 14, down from 0.6 percent on April 7. The forecast for first-quarter real consumer spending growth fell from 0.6 percent to 0.3 percent after this morning’s...
Read more »

Tags: ,
Posted in Mortgage Brokers | No Comments »

Thursday: PPI, Unemployment Claims, Consumer Sentiment

By
Thursday: PPI, Unemployment Claims, Consumer Sentiment

From Matthew Graham at Mortgage News Daily: Rates Move Deeper Into 2017 Lows After Trump Comments Mortgage rates continued lower today, bringing them even deeper into new lows for 2017.  Bond markets (which underlie rate movement) were already doing just fine this morning, but got a boost from Trump’s comments on the strength of the US...
Read more »

Tags: , , , ,
Posted in Mortgage Brokers | No Comments »

Sitemap Madbadcat Graphics