Today, in the Calculated Risk Real Estate Newsletter: “For many [home] sellers, it likely feels like the rug has been pulled out from underneath them” A brief excerpt: A few early reporting markets … This is the first look at local markets in September. I’m tracking about 35 local housing markets in the US. Some of the 35 markets are states, and some are metropolitan areas. I’ll update these tables throughout the month as additional data is released. … From Denver Metro Association of Realtors® (DMAR): DMAR Real Estate Market Trends Report Using months of inventory as a metric indicates that Denver Metro is moving toward a balanced market. ……

"For many [home] sellers, it likely feels like the rug has been pulled out from underneath them"

Weekly Initial Unemployment Claims increase to 219,000

Thursday: Unemployment Claims

Reis: Office Vacancy Rate Unchanged in Q3, Mall Vacancy Rate Unchanged

Apartments: Net Absorption Very Low in Q3, New Construction Deliveries Even Lower

ISM® Services Index Decreased to 56.7% in September

Trade Deficit decreased to $67.4 Billion in August

ADP: Private Employment Increased 208,000 in September

MBA: Mortgage Applications Decrease in Latest Weekly Survey; Purchase Activity Below Pandemic Low