Inflation Continues To Run Hot
30 Second Market Update
July 18, 2022
Last week the Producer Price Index or PPI was released showing that wholesale inflation rose 1.1% in the month of June. This was a hot number and was 0.8% higher […]
Wealth Creation Within The Housing Market
30 Second Market Update
July 11, 2022
Last week CoreLogic released their Home Price Index (HPI). The CoreLogic HPI is designed to provide an early indication of home price trends. The report is published monthly with coverage […]
Blistering Hot Home Price Appreciation
30 Second Market Update
July 04, 2022
The Case Shiller Home Price Index was released last week showing that home prices across the nation increased by 2.1% in the month of April. Year over year it showed […]
What Does It Mean When The Fed Hikes Rates?
30 Second Market Update
June 27, 2022
If we go all the way back to the late 1970s and early 1980s Arthur Burns was the Fed Chair. During that time inflation went up from 7% to 14%. […]
Inflation and The Fed
30 Second Market Update
June 20, 2022
The U.S. Bureau of Labor Statistics’ Consumer Price Index for the month of May was released showing that overall inflation rose by 1%, which was higher than expectations. On an […]
Home Appreciation Continues
30 Second Market Update
June 13, 2022
Last week CoreLogic released their Home Price Index (HPI). The CoreLogic HPI is designed to provide an early indication of home price trends. The report is published monthly with coverage […]
Housing Market Resilient in the Face of Higher Interest Rates
30 Second Market Update
June 06, 2022
The Federal Housing Finance Agency released their House Price Index for the month of March and it showed that pricing on single family homes purchased with conforming loan amounts increased […]
Let’s Talk About New Home Sales
30 Second Market Update
May 30, 2022
New Home Sales, which measures signed contracts on new homes, decreased in April. The report came in at an annual rate of 591,000 units according to the U.S. Census Bureau […]
Existing Home Sales Softer, but Stable and Strong
30 Second Market Update
May 23, 2022
The National Association of Realtors released their Existing Homes Sales Report, which makes up about 90% of all homes on the market, and it showed an easing of 2.4% from […]
The Misguided Media and Housing
30 Second Market Update
May 16, 2022
CNBC is reporting that “Inventory is increasing and building”. Diana Olick, citing new data from Realtor.com, mentioned that the supply of homes for sale (housing inventory) is building and that […]
The Federal Reserve and Their Plan
30 Second Market Update
May 09, 2022
Last week the Federal Reserve raised the federal funds rate by 50 basis points. This was the first hike that was this large in 22 years. Now, the federal funds […]
What Does a Recession Mean to our Industry?
30 Second Market Update
May 02, 2022
When most people hear the term “recession” it strikes fear into their hearts. For consumers, they ask things like: “What is going to happen to the value of my home?” […]
