What’s on the financial calendar for the week of 2/12 – 2/16?

Downtown Jackson, Mississippi | mortgage rate news

Which events are scheduled for this week?

The following announcements, events, and reports may have an impact on the financial or mortgage markets this week:

Monday, February 12th

Fed Gov. Michelle Bowman speaks
Minneapolis Fed President Neel Kashkari speaks
Monthly U.S. federal budget – Jan 2023

Tuesday, February 13th

Consumer price index – Jan 2023 and year-over-year
Core CPI – Jan 2023 and year-over-year

Wednesday, February 14th

Chicago Fed President Austan Goolsbee speaks
Fed Vice Chair for Supervision Michael Barr speaks

Thursday, February 15th

Initial jobless claims – Week of Feb 10th
Empire State manufacturing survey – Feb 2023
Philadelphia Fed manufacturing survey – Feb 2023
Import price index – Jan 2023
Import price index minus fuel – Jan 2023
U.S. retail sales – Jan 2023
Retail sales minus autos – Jan 2023
Industrial production – Jan 2023
Capacity utilization – Jan 2023
Home builder confidence index – Feb 2023
Fed Gov. Christopher Waller speaks
Atlanta Fed President Raphael Bostic speaks

Friday, February 16th

Housing starts – Jan 2023
Building permits – Jan 2023
Produce price index – Jan 2023 and year-over-year
Core PPI – Jan 2023 and year-over-year
Fed Vice Chair for Supervision Michael Barr speaks
Consumer sentiment (prelim) – Feb 2023
San Francisco Fed President Mary Daly speaks

Which markets are seeing a drop in home prices?

According to a recent article from Business Insider, they’ve found 32 U.S. markets that have seen a recent decrease in median home prices. They compared quarter-over-quarter data to see which markets had the greatest difference.

The market that has seen the greatest decrease in median home cost from Q3 2023 to Q4 2023? Jackson, MS had a 14.1% drop. Median home prices have gone from $234,200 to $195,500 in Q4 2023.

The top 10 included multiple Florida markets like Naples and Punta Gorda on the list, but Rust Belt spots such as Cleveland and Akron also saw decreases.

Which Super Bowl team has the better real estate market?

The Kansas City Chiefs beat the San Francisco 49ers 25-22 in overtime last night, but which metro area has the hotter real estate market? Real estate analysis and data provider, Costar, compared both markets side-by-side to see which would come out ahead.

When it comes to multi-family and home construction, San Francisco was the clear winner. Costar highlighted the recent improvement in the amount of new projects moving through the planning process and an improving rental market as reasons why their multifamily housing market is improving. However, Costar also mentioned the strength of the jobs market in Kansas City and supply outpacing demand for housing units.

in 10 minutes?

The pre-approval process is lightning fast, and can be completed
in under 10 minutes. Grab a few important documents to get started.
  1. Tax Returns
  2. Copies of W-2s (or 1099s for independent contractors,
    freelancers and the self-employed)
  3. A payroll stub
  4. A bank statement
  5. Loan obligation info (student loans,
    auto loans and credit cards)

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. 

All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error-free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate. Guaranteed Rate its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.