Altos reports that active single-family inventory was down 1.7% week-over-week and is now up 1.9% year-over-year. Inventory will decrease seasonally for next few weeks (for the Holidays). Click on graph for larger image. This inventory graph is courtesy of Altos Research. As of December 8th, inventory was at 546 thousand (7-day average),...
Weekend: • Schedule for Week of December 10, 2023 • FOMC Preview: No Change to Policy Expected Monday: • No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 futures are up 4 and DOW futures are up 38 (fair value). Oil prices were down over the last week with WTI futures at $71.23...
Realtor.com has monthly and weekly data on the existing home market. Here is their weekly report: Weekly Housing Trends View — Data Week Ending December 2, 2023• Active inventory increased slightly, with for-sale homes 3.1% above year ago levels. Active listings exceeded last year’s levels again this week, with the rate of increase picking up steam...
Most analysts expect there will be no change to FOMC policy at this meeting, keeping the target range for the federal funds rate at 5‑1/4 to 5-1/2 percent. Currently the market expects the next Fed move to be a 25 bp cut announced at either the March or May FOMC meeting. The market is pricing in the 2nd cut in either June or July - and a total of 4...
At the Calculated Risk Real Estate Newsletter this week: • The "Home ATM" Mostly Closed in Q3 • Q3 Update: Delinquencies, Foreclosures and REO • 1st Look at Local Housing Markets in November with Comparison to 2019 • Asking Rents Down 1.1% Year-over-year • ICE (Black Knight) Mortgage Monitor: "Home prices continued sending...
The key economic reports this week are November CPI and Retail Sales. For manufacturing, November Industrial Production, and the December New York Fed survey will be released this week. The FOMC meets this week and no change to policy is expected. ----- Monday, December 11th ----- No major economic releases scheduled. -----...
Build your own newsfeed
Ready to give it a go?
Start a 14-day trial, no credit card required.