Monday Real Estate Blog and Market Calendar

HOUSTON BY NUMBERS

18,310 Single Family homes currently for sale

9,590 Single Family homes currently pending sale

2,795 Single Family homes sold so far this month

60,319 Single Family homes sold this year

What's happening in the local Mortgage Market?

A better open this morning in the bond and MBS markets with stock indexes weaker; the two markets doing what they to---stocks weaker, interest rates down, stocks firm and interest rates increase. There is no data to think about today and not a lot of data through the week; Sept existing and new home sales are the features. Today is the anniversary of the 1987 stock market crash.

Ebola concerns still a worry point for markets but we still don’t believe those fears are the leading factor for the recent fall in US and global markets. The World Health Organization declared Nigeria free of the disease, a Spanish woman who was the first case outside of Africa was recovering and 43 people in Dallas were cleared of risk. 

There really isn’t much new to start the week. The bond and mortgage markets will track the stock market trading as it has been doing. This morning already, after opening down 115 points the index is slowly recovering. The initial weakness due to IBM saying it will not have an earnings forecast because it is struggling to transform fast enough to handle the shift to cloud computing.

This Week’s Calendar:

Tuesday,

10:00 am Sept existing home sales (+1.0% to 5.10 mil)

Wednesday,

7:00 am MBA weekly mortgage applications

8:30 am Sept CPI (0.0% overall and ex food and energy +0.1%)

Thursday,

8:30 am weekly jobless claims (+21K to 285K)

9:00 am Aug FHFA housing price index (+0.3%)

10:00 am Sept. leading economic indicators (+0.6%)

Friday,

10:00 am Sept new home sales (-8.3% to 460K units)