• Local Housing Markets in September0

    by Calculated Risk on 10/24/2021 09:12:00 AM Today, in the Real Estate Newsletter: Final Look: Local Housing Markets in September Adding Alabama, Charlotte, Columbus, Miami, New York, Phoenix and the Twin Cities Excerpt: Key Points: 1. Inventory is still very low, and inventory in most areas is at a record low for the month of

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  • Schedule for Week of October 24, 20210

    by Calculated Risk on 10/23/2021 08:11:00 AM 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 September and Case-Shiller house prices for August. For manufacturing, the Dallas, Richmond and Kansas City Fed manufacturing surveys will be released this

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  • 30 Year Mortgage Rates “Highest Since April” at 3.27%0

    by Calculated Risk on 10/22/2021 05:21:00 PM From Matthew Graham at Mortgage News Daily: Highest Rates Since April, But There’s a Catch Over the past 30 days, interest rates have risen sharply. This is true for both mortgage rates and bond market benchmarks like 10yr Treasury yields. … Translation: at the beginning of the month,

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  • Still Over 70,000 New Cases per Day0

    by Calculated Risk on 10/22/2021 03:31:00 PM Some important comments from Harvard Professor Subramanian on a recent paper he wrote (that is being misinterpreted): “This paper supports vaccination as an important strategy for reducing infection and transmission, along with hand-washing, mask-wearing, and physical distancing.” … “Other research has clearly and definitively established that the vaccines

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  • The Coming Deceleration in House Price Growth0

    by Calculated Risk on 10/22/2021 12:56:00 PM Today, in the Newsletter: The Coming Deceleration in House Price Growth Excerpt: [This graph] – as of the NAR release yesterday – shows that Case-Shiller followed the median prices up, and that median prices are now falling.…This suggests that Case-Shiller will start to show some deceleration in the

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  • “Forbearance Declines Hit Mid-Month Lull”0

    by Calculated Risk on 10/22/2021 10:41:00 AM 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 Andy Walden at Black Knight: Forbearance Declines Hit Mid-Month Lull After two weeks of sizable drops in the number of active

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