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 […]
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 […]
