Musing About Economics, Computers and Technology

Today, in the Calculated Risk Real Estate Newsletter: Inflation Adjusted House Prices Declined Further in JulyExcerpt: It has been over 16 years since the bubble… Inflation Adjusted House Prices Declined Further in July

The DOL reported:In the week ending September 24, the advance figure for seasonally adjusted initial claims was 193,000, a decrease of 16,000 from the previous… Weekly Initial Unemployment Claims decrease to 193,000

From the BEA: Gross Domestic Product (Third Estimate), GDP by Industry, and Corporate Profits (Revised), 2nd Quarter 2022 and Annual UpdateReal gross domestic product (GDP)… Q2 GDP Growth Unrevised at minus 0.6% Annual Rate

Thursday:• At 8:30 AM ET, the initial weekly unemployment claims report will be released.  The consensus is for an increase to 218 thousand from 213… Thursday: Unemployment Claims, GDP

Two key points:1) There is a clear seasonal pattern for house prices.2) The surge in distressed sales during the housing bust distorted the seasonal pattern.For… A few comments on the Seasonal Pattern for House Prices

Today, in the Calculated Risk Real Estate Newsletter: Pace of Rent Increases Continues to SlowA brief excerpt: Here is a graph of the year-over-year (YoY)… Pace of Rent Increases Continues to Slow

From the NAR: Pending Home Sales Dropped 2.0% in AugustPending home sales sagged for the third straight month in August, according to the National Association… NAR: Pending Home Sales Decreased 2.0% in August

From the MBA: Mortgage Applications Decrease in Latest MBA Weekly SurveyMortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage… MBA: Mortgage Applications Decrease in Latest Weekly Survey

From Matthew Graham at Mortgage News Daily: Yes, Mortgage Rates Are Now Over 7%, But It’s ComplicatedThat brings us to the bottom line on 7%… Wednesday: Pending Home Sales

http://www.calculatedriskblog.com/2022/09/wednesday-pending-home-sales.html