The Oldest and Most Trusted Real Estate News Magazine

Author Archive

Friday: Durable Goods, New Home Sales (Postponed)

By
Friday: Durable Goods, New Home Sales (Postponed)

Probably the four most important data releases for tracking the economy are 1) the monthly employment report, 2) the quarterly GDP report, 3) the monthly housing starts report, and 4) the new home sales report.  Only the employment report is being released on time. The government shutdown is delaying 3 out of 4 of...
Read more »

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

Wednesday: Richmond Fed, Architecture Billings Index

By
Wednesday: Richmond Fed, Architecture Billings Index

From Matthew Graham at Mortgage News Daily: Mortgage Rates Dodging Some Risk For Now As it happened, bonds staged a somewhat impressive recovery with help from investor concern about global growth. Oftentimes, a big loss in equities markets can send money running to the bond market where it benefits interest rates. This was the...
Read more »

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

Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

By
Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

This is a key housing market to follow since Phoenix saw a large bubble / bust followed by strong investor buying. The Arizona Regional Multiple Listing Service (ARMLS) reports (“Stats Report”): 1) Overall sales declined to 6,403 from 7,070 in December 2017. Sales were down 1.7% from November, and down 9.4% from December 2017....
Read more »

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

Thursday: Housing Starts (Postponed), Unemployment Claims, Philly Fed Mfg Survey

By
Thursday: Housing Starts (Postponed), Unemployment Claims, Philly Fed Mfg Survey

Thursday:• At 8:30 AM, POSTPONED Housing Starts for December. The consensus is for 1.256 million SAAR, unchanged from 1.256 million SAAR. • At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 216 thousand the previous week. • At 8:30 AM, the...
Read more »

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

Mortgages Rates: 30 Year Fixed at 4.5%

By
Mortgages Rates: 30 Year Fixed at 4.5%

From Matthew Graham at Mortgage News Daily: Mortgage Rates Unchanged to Start the Week Mortgage rates held their ground today, keeping them in line with long-term lows achieved over the past 2 weeks. To be fair, it was the previous week that offered the biggest benefits, but last week was no slouch. Factoring out...
Read more »

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

Schedule for Week of January 13th

By
Schedule for Week of January 13th

Special Note on Government Shutdown: If the Government shutdown continues, then some additional releases will be delayed. For example, this coming week, the retail sales and housing starts reports will not be released if the government remains shutdown.  (see bottom for key releases already delayed). The key reports this week are December housing starts...
Read more »

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

BLS: “Does the partial government shutdown impact BLS data or release dates?”

By
BLS: “Does the partial government shutdown impact BLS data or release dates?”

Here a statement from the BLS: Does the partial government shutdown impact BLS data or release dates? Calculated Risk
Read more »

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

Las Vegas Real Estate in December: Sales Down 17% YoY, Inventory up 82% YoY

By
Las Vegas Real Estate in December: Sales Down 17% YoY, Inventory up 82% YoY

This is a key former distressed market to follow since Las Vegas saw the largest price decline, following the housing bubble, of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada housing market slowed down in December, GLVAR housing statistics for December 2018 The recent cooling trend...
Read more »

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

The Impact of the Government Shutdown on the January Employment Report

By
The Impact of the Government Shutdown on the January Employment Report

If the government shutdown continues through this coming week, then the unemployment rate in the January report will be negatively impacted. This is a key week since it is the reference week for the BLS report (contains the 12th of the month). If the shutdown continues through next weekend, Federal employees who are on...
Read more »

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

Comments on December Employment Report

By
Comments on December Employment Report

The headline jobs number at 312 thousand for December was well above consensus expectations of 180 thousand, and the previous two months were revised up 58 thousand, combined. However, the unemployment rate increased to 3.9%. This was a strong report. Earlier: December Employment Report: 312,000 Jobs Added, 3.9% Unemployment Rate In December, the year-over-year...
Read more »

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

Sitemap Madbadcat Graphics