Notes: This CoreLogic House Price Index report is for April. The recent Case-Shiller index release was for March. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA). From CoreLogic: CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in April 2017 Home prices nationwide, including distressed sales,...
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This will be a light week for economic data. On Thursday, the ECB meets and former FBI director James Comey is schedule to testify before the Senate intelligence committee. —– Monday, June 5th —–10:00 AM: the ISM non-Manufacturing Index for May. The consensus is for index to decrease to 57.0 from 57.5 in April. 10:00 AM...
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Earlier: My May Employment Preview and Goldman: May Employment Preview Friday:• At 8:30 AM ET, Employment Report for May. The consensus is for an increase of 185,000 non-farm payroll jobs added in May, down from the 211,000 non-farm payroll jobs added in April. The consensus is for the unemployment rate to be unchanged at 4.4%....
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From Matthew Graham at Mortgage News Daily: Mortgage Rates Sideways Near Long-Term Lows Mortgage rates remained relatively unchanged again today. This continues the sideways trend leading into Memorial Day weekend. As the current week progresses, we can expect to see volatility increase thanks to the presence of more significant economic data. For what it’s worth,...
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This is an unofficial list of Problem Banks compiled only from public sources. Here is the unofficial problem bank list for May 2017. Changes and comments from surferdude808: Update on the Unofficial Problem Bank List for May 2017. During the month, the list dropped from 148 to 140 institutions after nine removals and one...
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Some interesting analysis from Josh Lehner at the Oregon Office of Economic Analysis: States at Full Employment, A Prime-Age EPOP Story The key economic question economists are trying to answer today is whether or not the U.S. economy is at full employment. Given it is more a concept then a hard calculation, you look for signs in the...
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From Matthew Graham at Mortgage News Daily: Low and Sideways, Mortgage Rates Play Waiting Game Mortgage rates were slightly higher for the 3rd straight day, continuing a modest bounce back from the year’s lowest rates last Wednesday. … While the general movement in rates has been slightly higher, it hasn’t lifted rates much above 2017′s lows....
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The key economic reports this week are April New and Existing Home sales, and the second estimate of Q1 GDP. —– Monday, May 22nd —–8:30 AM: Chicago Fed National Activity Index for April. This is a composite index of other data. —– Tuesday, May 23rd —–10:00 AM ET: New Home Sales for April from the...
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During the recession, I started following the Sacramento market to look for changes in the mix of houses sold (equity, REOs, and short sales). For several years, not much changed. But in 2012 and 2013, we saw some significant changes with a dramatic shift from distressed sales to more normal equity sales. This data...
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From the MBA: Delinquencies Decline in Latest MBA Mortgage Delinquency Survey The delinquency rate for mortgage loans on one- to four-unit residential properties decreased to a seasonally adjusted rate of 4.71 percent of all loans outstanding at the end of the first quarter of 2017. The delinquency rate was down nine basis points from...
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