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Posts Tagged ‘ Sales ’

Wednesday: Existing Home Sales

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Wednesday: Existing Home Sales

From Matthew Graham at Mortgage News Daily: Rates Fall Slightly to Remain Near 8-Month Lows Mortgage rates were steady to slightly lower today, with underlying bond markets essentially erasing the damage seen yesterday.  This was neither here nor there for the mortgage world as most lenders didn’t adjust rates much higher yesterday (despite bond weakness).  Thus,...
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Wednesday: Chicago PMI, Pending Home Sales, Beige Book

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Wednesday: Chicago PMI, Pending Home Sales, Beige Book

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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Tuesday: New Home Sales

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Tuesday: New Home Sales

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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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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Retail Sales increased 0.4% in April

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Retail Sales increased 0.4% in April

On a monthly basis, retail sales increased 0.4 percent from March to April (seasonally adjusted), and sales were up 4.5 percent from April 2016. From the Census Bureau report: Advance estimates of U.S. retail and food services sales for April 2017, adjusted for seasonal variation and holiday and trading-day differences, but not for price...
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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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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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Wednesday: FOMC Meeting, Retail Sales, CPI, Homebuilder Survey and More

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Wednesday: FOMC Meeting, Retail Sales, CPI, Homebuilder Survey and More

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, Retail sales for February will be released.  The consensus is for 0.2% increase in retail sales in February. • Also at 8:30 AM, The Consumer Price Index for February from...
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Friday: New Home Sales

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Friday: New Home Sales

From Tim Duy at Bloomberg Whom to Listen to in the Fed Minutes When it comes to the meetings of the Federal Open Market Committee, not all central bank policy makers are created equally. There are “participants” — all the policy makers in the room — and there are “members,” those who have a...
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