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2024December › 09

Vehicles Sales Increase to 16.50 million SAAR in November

Wards Auto released their estimate of light vehicle sales for November: U.S. Light-Vehicle Sales Surprise on High Side Again in November (pay site).
Improved affordability, and possibly relief from th…

Wednesday: ADP Employment, ISM Services, Fed Chair Powell Discussion, Beige Book

Mortgage Rates 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 results for the mortgage purc…

MBA: Mortgage Applications Increased in Weekly Survey

From the MBA: Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (…

ADP: Private Employment Increased 146,000 in November

From ADP: ADP National Employment Report: Private Sector Employment Increased by 146,000 Jobs in November; Annual Pay was Up 4.8%
Private sector employment increased by 146,000 jobs in November and an…

ISM® Services Index Decreases to 52.1% in November

(Posted with permission). The ISM® Services index was at 52.1%, down from 56.0% last month. The employment index decreased to 51.5%, from 53.0%. Note: Above 50 indicates expansion, below 50 in cont…

Inflation Adjusted House Prices 1.4% Below 2022 Peak; Price-to-rent index is 8.1% below 2022 peak

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices 1.4% Below 2022 Peak

Excerpt:
It has been over 18 years since the bubble peak. In the September Case-Shiller hou…

Fed's Beige Book: "Economic activity rose slightly"

Fed's Beige Book
Economic activity rose slightly in most Districts. Three regions exhibited modest or moderate growth that offset flat or slightly declining activity in two others. Though growth in ec…

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