Wildfire preparedness isn’t just for homeowners who live in the woods. Homes in rural areas, suburbs, and cities can all be vulnerable to wildfire—particularly from wind-blown embers
Instant Reaction: Inflation, July 12, 2023
Dated: July 14 2023
Views: 133
July 12, 2023 By: Lawrence Yun
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Low inflation means low mortgage rates. Therefore, decelerating consumer prices could steadily lift home sales and increase home production in a few months.
CPI rose by 3% from one year ago, which is much lower than the 8–9% hikes of last summer and is the slowest gain in over 2 years. Falling gasoline prices and healthcare service costs were helpful. Rents are still climbing at a brisk pace, rising by 8.3%, but have turned the corner for sure. Rents were rising at 8.8% in the early part of the year, so this is the slowest gain in 7 months. The one-month rent gain of 0.5% (or a 5.8% annualized gain) is suggesting further calming in rents in upcoming months. Moreover, with so many empty apartment units under construction, rents could plateau by this time next year.
The Federal Reserve's mandate is to contain inflation and help the economy. It misjudged the early strength of inflation, which got out of control. Now it could misjudge on the economic front. Monetary policy works with a long lag time. The Fed appears too focused on the lagging economic indicator of jobs rather than early indicators like future inflation and commercial leasing activity; they should look ahead and stop raising interest rates.
Dave Woody
Dave works diligently behind the scenes to make Real Estate easy for you. He services clients in Washington and Oregon and joined NextHome Realty Connection to grow his business. Real Estate draws on ....
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TL;DR: The short version for people in a hurry 35% of builders (1 in 3) cut prices on new homes in June 2026Average price cut: 6%On a $500K home, that's $30,000 back in your pocketSavings don't
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