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1st Look at Local Housing Markets in February

Today, in the Calculated Risk Real Estate Newsletter: 1st Look at Local Housing Markets in February A brief excerpt: NOTE: The tables for active listings, new listings and closed sales…

b.pate March 6, 2025

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Trade Deficit increased to $131.4 Billion in January

The Census Bureau and the Bureau of Economic Analysis reported: The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today that the goods and services deficit was…

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Weekly Initial Unemployment Claims Decrease to 221,000

The DOL reported: In the week ending March 1, the advance figure for seasonally adjusted initial claims was 221,000, a decrease of 21,000 from the previous week's unrevised level of…

b.pate March 6, 2025

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Thursday: Unemployment Claims, Trade Deficit

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Thursday: • At 8:30 AM ET, The initial weekly unemployment claims report will be released. The consensus is…

b.pate March 6, 2025

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CoreLogic: Home Prices Increased 3.3% Year-over-year in January

Notes: This CoreLogic House Price Index report is for January. The recent Case-Shiller index release was for December. The CoreLogic HPI is a three-month weighted average and is not seasonally…

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Fed’s Beige Book: “Overall economic activity rose slightly”

Fed's Beige BookOverall economic activity rose slightly since mid-January. Six Districts reported no change, four reported modest or moderate growth, and two noted slight contractions. Consumer spending was lower on…

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ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024

Today, in the Real Estate Newsletter: ICE Mortgage Monitor: Property Insurance Costs Rose at a Record Rate in 2024 Brief excerpt: Property Insurance Premiums Increased Sharply in 2024 Here is…

b.pate March 5, 2025

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ISM® Services Index Increased to 53.5% in February

(Posted with permission). The ISM® Services index was at 53.5%, up from 52.8% last month. The employment index increased to 53.9%, from 52.3%. Note: Above 50 indicates expansion, below 50 in…

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Wednesday: ADP Employment, ISM Services, Beige Book

Note: Mortgage rates are from MortgageNewsDaily.com and are for top tier scenarios. Wednesday: • At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the mortgage purchase applications index.…

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Update: Lumber Prices Up 7% YoY

This is something to watch again. Here is another monthly update on lumber prices.SPECIAL NOTE: The CME group discontinued the Random Length Lumber Futures contract on May 16, 2023. I…

b.pate March 5, 2025