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What they write about
US real estate data and analysis, published around the housing release calendar. Recurring subjects include existing-home sales and inventory, mortgage purchase applications, delinquencies and foreclosures, asking rents, house price indices, and the government-sponsored mortgage enterprises.
- housing
- real estate data
- home sales
- mortgages
- rents
- house prices
Recent examples: Mortgage Applications Decrease in Latest MBA Weekly Survey; Down 19% Year-over-year · Asking Rents have likely Bottomed
Written from CalculatedRisk Newsletter’s own published post titles and openings in Sep 11, 2026. It describes the subjects the newsletter covers, not its views, and is not investment advice.
Growth history
Subscribers (thousands, nightly)
40K on Sep 10, 2026 → 40K on Oct 21, 2026
Followers (thousands, nightly)
Rank in Substack’s finance leaderboard: #64 today · #65 a week ago · #60 a month ago
Stats worth sharing
Tracked since Sep 10, 2026 — 61 daily snapshots so far. The card below is built from what we track and refreshes nightly.
- Percentile
- Top 13%
- Best rank seen
- #59
- Rank, 7 days
- +1 place
- Rank, 30 days
- −4 places
- Followers added
- +2.1K
- Posts
- 21
- Reactions per post
- 21
- Reactions tracked
- 1.2K
- Tickers covered
- 1
of 525 ranked finance newsletters
on Sep 25, 2026
since tracking began
last 30 days
average, recent posts
across 55 posts
in tracked posts
Most-reacted post we have seen: NAR: Existing-Home Sales Decreased to 3.98 million SAAR in August — 51 reactions on Sep 10, 2026.
Recent posts
- Mortgage Applications Decrease in Latest MBA Weekly Survey; Down 19% Year-over-year
Earlier this week, I noted that single-family inventory was back to 2019 levels . At the same time, mortgage applications remain weak. From the Mortgage Bankers Association: Mortgage Applications Decrease in Latest MBA Weekly Survey Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 30, 2026. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an…
- Asking Rents have likely Bottomed
Every month I review rents and vacancy rates. First, a survey of data … Apartment List: Asking Rent Growth +0.1% Year-over-year From ApartmentList.com: Apartment List National Rent Report Year-over-year rent growth flips positive for first time in over three years The national median rent currently stands at $1,384, and is now 0.1% greater than it was at this time last year . The vacancy rate is also gradually tightening, as the market transitions out of the soft conditions that have prevailed in recent years. emphasis added The soft market conditions that have prevailed in recent years have…
- Freddie Mac House Price Index Increased in September; Up 1.9% Year-over-year
Note: The Freddie Mac index is a repeat sales index using only loans purchased by Fannie and Freddie and includes appraisals. See FAQs here . Freddie has data for all states and many cities. For house prices, I’m currently following Case-Shiller, FHFA, ICE, the NAR median prices, and this Freddie Mac index. Freddie Mac reported that its “National” Home Price Index (FMHPI) increased 0.15% month-over-month (MoM) on a seasonally adjusted (SA) basis in September. On a year-over-year (YoY) basis, the National FMHPI was up 1.9% in September, unchanged from up 1.9% YoY in August. The YoY increase…
- Altos: Single-Family Inventory Back to 2019 Levels
I’m always saying “ inventory tells the tale ”. Well here is the weekly data from Altos Research on active single-family inventory. Single-family inventory is back to 2019 levels! This graph shows the seasonal pattern for active single-family inventory since 2015 through last Friday (October 30th). The red line is for 2026. The black line is for 2019. Inventory was up 6.8% compared to the same week in 2025 (the previous week it was up 5.7%), and up 0.2% compared to the same week in 2019 (last week it was down 1.8%). Last week Realtor.com noted that inventory was up 8.0% year-over-year: The…
- Lawler: Update on the GSEs: Agency MBS Holdings Increased in September; Interest-Rate Risk Measures Still Elevated
From housing economist Tom Lawler: Fannie Mae and Freddie Mac recently released their monthly volume summaries for September, and these reports showed that both GSEs increased their Agency MBS holdings last month – by $9.923 billion for Fannie Mae and by $1.785 billion for Freddie Mac. Fannie’s total mortgage investment portfolio rose by $7.623 billion on the month, while Freddie’s total mortgage investment portfolio declined by $3.012 billion. The combined increase in the GSEs’ Agency MBS holdings last month was the largest monthly increase since March, though their combined holdings at the…
- Fannie and Freddie: Single Family Delinquency Rates Increased in September
In general, single family delinquency rates are low but slowly increasing. Multi-family delinquency rates are high. Freddie Mac reported that the Single-Family serious delinquency rate in September was 0.61%, up from 0.60% in July. Freddie's rate is up year-over-year from 0.57% in September 2025. This is close to the pre-pandemic level of 0.60%. Freddie's serious delinquency rate peaked in February 2010 at 4.20% following the housing bubble and peaked at 3.17% in August 2020 during the pandemic. Fannie Mae reported that the Single-Family serious delinquency rate in September was 0.62%, up…
- Inflation Adjusted House Prices 3.9% Below 2022 Peak
It has been over 20+ years since the housing bubble peak . Ancient history! More timely, it has been 4 years and 3 months since the peak in real house prices . In the August Case-Shiller house price index released on Tuesday, the seasonally adjusted National Index (SA) was reported as being 81.1% above the bubble peak. However, in real terms, the National index (SA) is about 8.3% above the bubble peak (and historically there has been an upward slope to real house prices). The composite 20, in real terms, is 0.5% above the bubble peak. People usually graph nominal house prices, but it is also…
- High Frequency Data: Inventory Up, Demand Down Year-over-year
Here are two pieces of weekly data that show the impact of the recent increase in mortgage rates. Inventory is up and demand is down - and that will put pressure on house prices. MBA: Mortgage Applications Remain Weak From the Mortgage Bankers Association: Mortgage Applications Increase in Latest MBA Weekly Survey Mortgage applications increased 3.4 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 23, 2026. The Market Composite Index, a measure of mortgage loan application volume…
- New Home Sales Decrease to 676,000 Annual Rate in September
The Census Bureau reports New Home Sales in September were at a seasonally adjusted annual rate (SAAR) of 676 thousand. The previous three months were revised up slightly, combined. This was above the consensus forecast of 660 thousand SAAR. Sales of new single-family houses in September 2026 were at a seasonally-adjusted annual rate of 676,000 , according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 0.6 percent below the August 2026 rate of 680,000, and is 5.3 percent below the September 2025 rate of 714,000…
- Case-Shiller: National House Price Index Up 2.1% year-over-year in August
S&P/Case-Shiller released the monthly Home Price Indices for August ("August" is a 3-month average of June, July and August closing prices). June closing prices include some contracts signed in April, so there is a significant lag to this data . Case-Shiller House Prices From S&P S&P Cotality Case-Shiller Index Reports Annual Gain in August 2026 The S&P Cotality Case-Shiller U.S. National Home Price NSA Index posted a 2.1% annual gain for August 2026 , up from a 1.9% rise in the previous month. U.S. home values fell in real terms for the 15th consecutive month, as August’s 3.4% inflation ran…
- NMHC: “Apartment Market Conditions Weaken” in October Survey
From the NMHC: Apartment Market Conditions Weaken as Higher Interest Rates Make Capital More Difficult to Obtain Apartment market conditions weakened over the past three months, as the recent run-up in interest rates made raising capital more costly and property sales more difficult to complete, according to results from NMHC’s October Quarterly Survey of Apartment Market Conditions . The Market Tightness Index (47) came in just below the breakeven level of 50, with more than half of respondents (53%) reporting unchanged conditions. The Sales Volume (22), Equity Financing (17) and Debt…
- Lawler: Update on MBS Yields and Spreads
From housing economist Tom Lawler: After hitting a new yearly high on October 5, the current-coupon MBS (CCMBS) yield has moved down a bit, but at 6.27% remains well above levels seen during the first 8 months of the year. CMBS/Treasury spreads are close to the highs of the year, though they are still not particularly wide by historical standards excluding periods when the Federal Reserve was intervening in the MBS market. The wider spreads have been associated with an increase in implied interest-rate volatility. What’s Up with the Term Premium? Many analysts have suggested that one of the…
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