Inflation is Here
30 Second Market Update
October 18, 2021
The U.S. Bureau of Labor Statistics released their Producer Price Index (PPI) for the month of September, and it showed that inflation on the wholesale level rose 0.5%. Year over […]
Home Prices and Rates Expected to Continue Higher in 2022!
30 Second Market Update
October 11, 2021
We are at the beginning of the final quarter of 2021, which has brought a year filled with strong appreciation gains and record low interest rates. With 2022 on the […]
Is New Construction Improving?
30 Second Market Update
October 04, 2021
The monthly New Residential Construction report was recently released for the month of August. Within this report there are three categories; Building Permits, Housing Starts and Housing Completions. Permits, which […]
The Fed and Interest Rates
30 Second Market Update
September 27, 2021
The Federal Reserve, led by Fed Chair Jerome Powell meets eight times a year. In their most recent meeting, last week, the Federal Reserve hinted at planning to slow down […]
Is Inflation Slowing Down?
30 Second Market Update
September 20, 2021
The word “inflation” reared its head and was in the media spotlight last week again when the Consumer Price Index (CPI) was reported on. The CPI, which measures inflation on […]
Housing Bubble?
30 Second Market Update
September 13, 2021
The media of late has been pushing the idea of a “housing bubble” and when looking at the current dynamics of the market, it is hard to believe it. Let’s […]
Home Prices have Risen for 40 Consecutive Quarters!
30 Second Market Update
September 06, 2021
According to the Federal Housing Finance Agency’s Quarterly Price Index, the US has seen 40 consecutive quarters of home price increases, with a 5% increase between the 1st and 2nd […]
New and Existing Home Sales
30 Second Market Update
August 30, 2021
The US Census Bureau and the US Department of Housing and Urban Development released July’s New Residential Sales report showing that new home sales of single-family houses were up 1% […]
Conventional Loans with ONLY 3% Down
30 Second Market Update
August 23, 2021
As an alternative to Federal Housing Authority’s (FHA) 3.5% down payment minimum requirement program, Fannie Mae and Freddie Mac have their own low down payment loan products requiring only a […]
Higher Inflation and the Fed
30 Second Market Update
August 16, 2021
The Consumer Price Index or CPI, which measures inflation on the consumer level, rose in the month of July by 0.5%. Year over year, the index rose by 5.4% which […]
Pending Home Sales Declined in June: Have Home Prices Reached their Peak?
30 Second Market Update
August 09, 2021
According to the National Association of Realtors (NAR), pending sales of existing homes, as measured by signed contracts, decreased by 1.9% from May to June. This is most likely a […]
Hot Home Appreciation and a Housing Bubble?
30 Second Market Update
August 02, 2021
The Federal Housing Finance Agency released their House Price Index (HPI) last week and it showed that home prices rose 1.7% in the month of May. Year over year they […]
