Schedule for Week of October 24, 2021
The key reports this week are the advance estimate of Q3 GDP and September New Home sales.Other key indicators include Personal Income and Outlays for...
Author : Calculated Risk
30 Year Mortgage Rates “Highest Since April” at 3.27%
From Matthew Graham at Mortgage News Daily: Highest Rates Since April, But There's a CatchOver the past 30 days, interest rates have risen sharply. This...
The Coming Deceleration in House Price Growth
Today, in the Newsletter: The Coming Deceleration in House Price GrowthExcerpt: [This graph] - as of the NAR release yesterday - shows that Case-Shiller followed...
Black Knight: “Forbearance Declines Hit Mid-Month Lull”
Note: Both Black Knight and the MBA (Mortgage Bankers Association) are putting out weekly estimates of mortgages in forbearance.This data is as of October 19th.From...
Q3 GDP Forecasts: Around 2.5%
These are forecasts of the advance estimate of GDP to be released on Oct 28th.Here is a table of some of the forecasts over the...
Black Knight: National Mortgage Delinquency Rate Decreased in September
Note: At the beginning of the pandemic, the delinquency rate increased sharply (see table below). Loans in forbearance are counted as delinquent in this survey,...
Hotels: Occupancy Rate Down 10% Compared to Same Week in 2019
Note: Since occupancy declined sharply at the onset of the pandemic, CoStar is comparing to 2019.From CoStar: STR: US Hotel Occupancy Reaches Highest Level Since...
LA Area Port Traffic: Solid Imports, Weak Exports in September
Notes: The expansion to the Panama Canal was completed in 2016 (As I noted a few years ago), and some of the traffic that used...
Median House Price Growth Decelerated for Fourth Consecutive Month
Today, in the Newsletter: Existing-Home Sales Increased to 6.29 million in SeptemberExcerpt: On prices, the NAR reported:The median existing-home price for all housing types in...
Weekly Initial Unemployment Claims Decrease to 290,000
The DOL reported:In the week ending October 16, the advance figure for seasonally adjusted initial claims was 290,000, a decrease of 6,000 from the previous...