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Posts Tagged ‘ down ’

LA area Port Traffic Down Year-over-year in February

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LA area Port Traffic Down Year-over-year in February

Container traffic gives us an idea about the volume of goods being exported and imported – and usually some hints about the trade report since LA area ports handle about 40% of the nation’s container port traffic. The following graphs are for inbound and outbound traffic at the ports of Los Angeles and Long...
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Phoenix Real Estate in December: Sales down 9% YoY, Active Inventory up 6% YoY

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

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

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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,...
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Hotels: Occupancy Rate Down Year-over-Year

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Hotels: Occupancy Rate Down Year-over-Year

From HotelNewsNow.com: STR: US hotel results for week ending 7 April The U.S. hotel industry reported mostly negative year-over-year results in the three key performance metrics during the week of 1-7 April 2018, according to data from STR. In comparison with the week of 2-8 April 2017, the industry recorded the following: • Occupancy:...
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Phoenix Real Estate in June: Sales up 6%, Inventory down 10% YoY

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Phoenix Real Estate in June: Sales up 6%, Inventory down 10% 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 (table below): 1) Overall sales in June were up 6.5% year-over-year. 2) Active inventory is now down 10.2% year-over-year.  More inventory (a theme in most of 2014)...
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Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY

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Sacramento Housing in April: Sales down 3%, Active Inventory down 16% YoY

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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Las Vegas Real Estate in January: Sales up 13.9% YoY, Inventory down Sharply

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Las Vegas Real Estate in January: Sales up 13.9% YoY, Inventory down Sharply

This is a key distressed market to follow since Las Vegas has seen the largest price decline of any of the Case-Shiller composite 20 cities. The Greater Las Vegas Association of Realtors reported Southern Nevada Home Prices Rise to Start 2017, GLVAR Housing Statistics for January 2017 The Greater Las Vegas Association of REALTORS®...
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Fannie and Freddie: REO inventory declined in Q4, Down 34% Year-over-year

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Fannie and Freddie: REO inventory declined in Q4, Down 34% Year-over-year

Fannie and Freddie reported results this week. Here is some information on Real Estate Owned (REOs). From Fannie Mae: Fannie Mae Reports Net Income of .0 Billion and Comprehensive Income of .6 Billion for 2015 Fannie Mae reported annual net income of .0 billion and annual comprehensive income of .6 billion in 2015. For...
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“Mortgage Rates Down to New 8-Month Lows”

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“Mortgage Rates Down to New 8-Month Lows”

Wednesday:• 7:00 AM ET, the Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. • 8:15 AM, the ADP Employment Report for January. This report is for private payrolls only (no government). The consensus is for 190,000 payroll jobs added in January, down from 257,000 in December. • 10:00...
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