Tagged: Inflation
November CPI report shows annual inflation at 7.1% in November, down from 7.7% in October.
We’ve seen positive economic data, but is inflation over?
Consumers also more optimistic that household income will grow.
The monthly RHPI report said potential sellers are unlikely to lose all the equity they have gained.
Home-price growth has slowed fastest in pandemic boomtowns like Austin, Phoenix and Boise, with inflation and high mortgage rates to blame.
The GSE says a modest recession is expected to enter and exit throughout 2023, with home sales rebounding in the end of Q2 2023
Mortgage rates dropping from over 7% to 6.6% this week means homebuyers have more money available.
A Freddie Mac survey showed that Gen Zers still strive to buy homes, but face affordability challenges.
Rates posted their largest single-day decline since 2009.