Altos reports that active single-family inventory was up 0.4% week-over-week. Inventory is now up 48.6% from the February seasonal bottom.   The first graph shows the seasonal pattern for active single-family inventory since 2015. Click on graph for larger image. The red line is for 2024.  The black line is for 2019.   Inventory was up 36.7%...

Weekend: • Schedule for Week of October 6, 2024 Monday: • No major economic releases scheduled. From CNBC: Pre-Market Data and Bloomberg futures S&P 500 and DOW futures are mostly unchanged (fair value). Oil prices were up over the last week with WTI futures at $73.98 per barrel and Brent at $77.59 per barrel. A year ago, WTI...

Note: I covered apartments and offices in the newsletter: Moody's: Apartment Vacancy Rate Unchanged in Q3; Office Vacancy Rate at Record High From Moody’s Analytics economists: Multifamily Performance Steadied, Office Stress Continued to Manifest, Retail Vacancy Declined, And Industrial Cooled DownThe Q3 2024 data indicated a slight decrease in...

At the Calculated Risk Real Estate Newsletter this week: Click on graph for larger image. • FHFA’s National Mortgage Database: Outstanding Mortgage Rates, LTV and Credit Scores • Moody's: Apartment Vacancy Rate Unchanged in Q3; Office Vacancy Rate at Record High • Freddie Mac House Price Index Increased Slightly in August; Up 3.7%...

The key economic report this week is September CPI. Other key indicators include September PPI and the August trade deficit. ----- Monday, October 7th ----- No major economic releases scheduled. ----- Tuesday, October 8th ----- 6:00 AM: NFIB Small Business Optimism Index for September. 8:30 AM: Trade Balance report for...

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. For deaths, I'm currently using 4 weeks ago for "now", since the most recent three weeks will be revised significantly. Note: "Effective May 1, 2024, hospitals are no longer required to report COVID-19 hospital admissions, hospital capacity, or hospital occupancy...