Home Prices Hanging In There
30 Second Market Update
February 13, 2023
CoreLogic released its Home Price Index last week and it showed that home prices declined by 0.4% in the month of December across the country on average. Even though this […]
Powell Sees Inflation Decreasing
30 Second Market Update
February 06, 2023
The Federal Reserve met last week and as expected, they unanimously hiked the Federal Funds Rate by 25 basis points in an effort to curb inflation. This hike now brings […]
New Home Sales Rise for Third Month in a Row and Inflation Still Falling
30 Second Market Update
January 30, 2023
The U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported last week that New Home Sales rose by 2.3% in the month of December to an […]
Existing Home Sales Lower, but Better Than Expected
30 Second Market Update
January 23, 2023
The National Association of Realtors Existing Home Sales Report, which measures closings on existing homes, showed that sales were down 1.5% in December at a 4.02 million annualized pace. The […]
Inflation Trending Lower, Mortgage Rates Should Follow
30 Second Market Update
January 16, 2023
The Bureau of Labor Statistics released its Consumer Price Index report for December showing that overall inflation decreased by 0.1%. Inflation declined year over year from 7.1% to 6.5%. Both […]
Housing Market Cooling, but Not as Bad as You Would Think
30 Second Market Update
January 09, 2023
The National Case-Shiller Home Price Index, which is considered the “gold standard” for appreciation, showed home prices fell 0.5% in October. Year over year, we do see a cooling in […]
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 […]
