The Oldest and Most Trusted Real Estate News Magazine

Tuesday: Auto Sales

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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...
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Schedule for Week of Apr 30, 2017

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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...
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HVS: Q1 2017 Homeownership and Vacancy Rates

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

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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,...
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12 Books to Read if You Want to Get Rich

12 Books to Read if You Want to Get Rich

Research shows that 88% of wealthy people devote at least 30 minutes a day to reading.  If it works for them, it could work for you. Below, we’ve rounded up 12 of our favorite books, from personal finance classics to new releases.  Here’s to a prosperous year! Read the rest of 12 Books to...
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Schedule for Week of Apr 23, 2017

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

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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...
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A Few Comments on March Existing Home Sales

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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...
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AIA: Architecture Billings Index increased in March

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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...
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