As Inflation Cools, Mortgage Rates Should Follow
30 Second Market Update
November 14, 2022
The Bureau of Labor Statistics released its Consumer Price Index report for October showing overall inflation increased by 0.4%. This was actually 0.2% below the expected 0.6%. Looking at inflation […]
Housing Cools Yet Still Resilient
30 Second Market Update
November 07, 2022
The National Case-Shiller Home Price Index Report was released last week. This is widely considered the “gold standard” or the industry’s leading measure for home price appreciation. The report indicated […]
Keeping An Eye on Inflation
30 Second Market Update
October 31, 2022
The U.S. Bureau of Economic Analysis has released their Personal Consumption Expenditures report for the month of September. This is the Federal Reserve’s favorite measure of inflation and the report […]
Existing Home Sales Cool, But Still Healthy
30 Second Market Update
October 24, 2022
The National Association of Realtors (NAR) released their Existing Home Sales housing report and it showed that closings on existing homes were down 1.5% in the month of September. Even […]
Possible Inflation Peak
30 Second Market Update
October 17, 2022
The Producer Price Index, which measures wholesale inflation, rose 0.4% in September. This reading was .2% higher than expected. Year over year, PPI decreased from 8.7% to 8.5%. While it […]
Pending Home Sales Decline, but Optimistic Going Forward
30 Second Market Update
October 10, 2022
The National Association of Realtors (NAR) released their Pending Home Sales report, which measures signed contracts on existing homes across the nation. This report showed that signed contracts on existing […]
Home Appreciation Cooling Yet Resilient
30 Second Market Update
October 03, 2022
The National Association of Home Builders released their New Home Sales Report which measures signed contracts on new homes. This report showed an increase of 29% at a 685,000 unit […]
Existing Home Sales Beat Expectations
30 Second Market Update
September 26, 2022
The National Association of Realtors released their Existing Home Sales Report for the month of August. It was a strong one. Remember this report measures signed contracts on existing homes […]
Inflation and Rates
30 Second Market Update
September 19, 2022
The Bureau of Labor Statistics released their Consumer Price Index report for August showing that overall inflation increased by 0.1%. This is a lower figure, but larger than the expected […]
Inflation and The Fed
30 Second Market Update
September 12, 2022
According to Forbes.com, inflation occurs when prices rise, which ultimately decreases the purchasing power of your dollars. For example, during an inflationary period, your dollar could buy you two apples […]
Home Price Appreciation Cools, But Still Strong
30 Second Market Update
September 05, 2022
The Case-Shiller U.S. National Home Price Index, which is considered the “gold standard” for appreciation, showed that home prices rose 0.6% in June and 18% year over year. This is […]
Housing Recession?
30 Second Market Update
August 29, 2022
There has been a buzz in the media that we are currently in a “housing recession”. Even the National Association of Realtors’ Lawrence Yun used that verbiage a week or […]
