The Oldest and Most Trusted Real Estate News Magazine

Author Archive

Sacramento Housing in November: Sales Down 7% YoY, Active Inventory up 23% YoY

By
Sacramento Housing in November: Sales Down 7% YoY, Active Inventory up 23% YoY

From SacRealtor.org: November 2018 Statistics – Sacramento Housing Market – Single Family Homes, Median sales price increases, sales volume drops November closed with 1,304 sales, a 9.3% decrease from the 1,413 sales of September. Compared to the same month last year (1,396), the current figure is down 6.6%. Of the 1,304 sales this month,...
Read more »

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

Q4 GDP Forecasts: High 2s

By
Q4 GDP Forecasts: High 2s

From Merrill Lynch: Core retail sales popped 0.9% mom in Nov with net upward revisions. Industrial production climbed 0.6% driven by utilities. These data boosted 4Q GDP tracking by 0.4pp to 2.9% qoq saar. .emphasis added And from the Altanta Fed: GDPNow The GDPNow model estimate for real GDP growth (seasonally adjusted...
Read more »

Tags: ,
Posted in Mortgage Brokers | No Comments »

Key Measures Show Inflation Picked Up Slightly on YoY Basis in November

By
Key Measures Show Inflation Picked Up Slightly on YoY Basis in November

The Cleveland Fed released the median CPI and the trimmed-mean CPI this morning: According to the Federal Reserve Bank of Cleveland, the median Consumer Price Index rose 0.3% (4.1% annualized rate) in November. The 16% trimmed-mean Consumer Price Index rose 0.2% (2.3% annualized rate) during the month. The median CPI and 16% trimmed-mean CPI...
Read more »

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

BLS: Job Openings increase to 7.1 Million in October

By
BLS: Job Openings increase to 7.1 Million in October

Notes: In October there were 7.0709 million job openings, and, according to the October Employment report, there were 6.075 million unemployed. So, for the seventh consecutive month, there were more job openings than people unemployed. Also note that the number of job openings has exceeded the number of hires since January 2015 (almost 4...
Read more »

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

Schedule for Week of December 9, 2018

By
Schedule for Week of December 9, 2018

The key economic reports this week are November CPI and Retail Sales. For manufacturing, November industrial production will be released this week. —– Monday, Dec 10th —–10:00 AM ET: Job Openings and Labor Turnover Survey for October from the BLS. This graph shows job openings (yellow line), hires (purple), Layoff, Discharges and other (red...
Read more »

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

Thursday: ADP Employment, Unemployment Claims, Trade Deficit, ISM Non-Mfg, Q3 Flow of Funds

By
Thursday: ADP Employment, Unemployment Claims, Trade Deficit, ISM Non-Mfg, Q3 Flow of Funds

Thursday:• At 8:15 AM ET, The ADP Employment Report for November. This report is for private payrolls only (no government).  The consensus is for 175,000 jobs added, down from 227,000 in October. • At 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 225 thousand initial claims, down...
Read more »

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

Tuesday: Corelogic House Prices

By
Tuesday: Corelogic House Prices

From Matthew Graham at Mortgage News Daily: Mortgage Rates Now at 2-Month Lows Mortgage rates didn’t really improve today for the average lender, but they did manage to hit the lowest rates in 2 months on a technicality. The reason for this is simple. There was a big gap between the rates seen on...
Read more »

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

Schedule for Week of December 2, 2018

By
Schedule for Week of December 2, 2018

The key report this week is the November employment report on Friday. Other key indicators include the November ISM manufacturing and non-manufacturing indexes, November auto sales, and the October trade deficit. Fed Chair Jerome Powell testifies on the Economic Outlook on Wednesday. —– Monday, Dec 3rd —–10:00 AM: ISM Manufacturing Index for November.  The...
Read more »

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

Freddie Mac: Mortgage Serious Delinquency Rate Decreased in October

By
Freddie Mac: Mortgage Serious Delinquency Rate Decreased in October

Freddie Mac reported that the Single-Family serious delinquency rate in October was 0.71%, down from 0.73% in September. Freddie’s rate is down from 0.86% in October 2017. Freddie’s serious delinquency rate peaked in February 2010 at 4.20%. This is the lowest serious delinquency rate for Freddie Mac since January 2008. These are mortgage loans...
Read more »

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

Wednesday: New Home Sales, GDP, Fed Chair Powell, Richmond Fed Mfg Survey

By
Wednesday: New Home Sales, GDP, Fed Chair Powell, Richmond Fed Mfg Survey

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • At 8:30 AM, Gross Domestic Product, 3nd quarter 2018 (Second estimate). The consensus is that real GDP increased 3.5% annualized in Q3, unchanged from the advance estimate of GDP. • At 10:00 AM,...
Read more »

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

Sitemap Madbadcat Graphics