Opinions Uncensored

Thursday: Unemployment Claims, Philly Fed Mfg

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 215 thousand initial claims, up from 214 thousand the previous week.• At 8:30 AM, the Philly Fed manufacturing survey for October. The consensus is for a reading of 20.3, down from...

Lawler: Early Read on Existing Home Sales in September

From housing economist Tom Lawler:Based on publicly-available local realtor/MLS reports from across the country released through today, I project that existing home sales as estimated by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.20 million in September,...

FOMC Minutes: Further Gradual Increases "Would be appropriate"

From the Fed: Minutes of the Federal Open Market Committee, September 25-26, 2018: In their consideration of monetary policy at this meeting, participants generally judged that the economy was evolving about as anticipated, with real economic activity rising at a strong rate, labor market...

Comments on September Housing Starts

Earlier: Housing Starts Decreased to 1.201 Million Annual Rate in SeptemberHousing starts in September were slightly below expectations,  and starts for July and August were revised down slightly.  Overall this was close to expectations.The housing starts report released this morning...

MBA: Mortgage Applications Decreased in Latest Weekly Survey

From the MBA: Mortgage Applications Decline in Latest MBA Weekly SurveMortgage applications decreased 7.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 12, 2018. This week’s results...

Wednesday: Housing Starts, FOMC Minutes

Wednesday:• At 7:00 AM ET, The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index.• At 8:30 AM, Housing Starts for September. The consensus is for 1.216 million SAAR, down from 1.282 million SAAR.• At 2:00 PM, The Fed will release the FOMC...

Update: Real Estate Agent Boom and Bust

Way back in 2005, I posted a graph of the Real Estate Agent Boom. Here is another update to the graph.The graph shows the number of real estate licensees in California.The number of agents peaked at the end of 2007 (housing activity peaked in 2005, and prices in 2006). The number of...