Tight Housing Inventory, but Demand Rages On
30 Second Market Update
January 02, 2023
The National Association of Realtors released their Existing Home Sales report, which measures closings on existing homes, and it showed that sales were down 7.7% in November. This number came […]
Understanding Existing Home Sales
30 Second Market Update
December 26, 2022
The National Association of Realtors Existing Home Sales Report, which measures closings on existing homes, showed that sales were down 7.7% in November at a 4.09 million annualized pace. This […]
Fed Getting Inflation Under Control
30 Second Market Update
December 19, 2022
In an attempt to curb inflation, the Federal Open Market Committee (FOMC) hiked the Fed Funds Rate by 50 basis points last week to target a range of 4.25% to […]
Inflation is Heading in The Right Direction
30 Second Market Update
December 12, 2022
Last week the Producer Price Index or PPI was released showing that overall inflation on the producer level increased by 0.3% for the month of November. This came in 0.1% […]
Pending Home Sales Lower, But There’s a Light at the End of the Tunnel
30 Second Market Update
December 05, 2022
The National Association of Realtors released its Pending Home Sales report and it showed that signed contracts were down by 4.6% in October, which was in line with estimates. However, […]
Home Builders Need Costs to Drop to Regain Optimism
30 Second Market Update
November 28, 2022
Earlier this month the National Association of Home Builders (NAHB) released its home builder survey and the national index dropped from 38 to 33. A level above 50 signals optimism […]
Taking a Look at Existing Home Sales
30 Second Market Update
November 21, 2022
The National Association of Realtors Existing Home Sales Report, which measures closings on existing homes, showed that sales were down 5.9% month over month in October at a 4.43 million […]
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 […]
