SUMMARY: While consumer prices did rise by more than expected in December, core inflation slowed more than expected which gave some home that inflation might still be under control, PPI was better than expected in December, and the US government is over $700B in the hole after just three months...

LINKS:

• CNBC: Core inflation rate slows to 3.2% in December, less than expected
• REUTERS: US inflation still slowing as producer prices rise below expectations in December
• CBO: Treasury Confirms Calendar Year 2024 Deficit Tops $2.0 Trillion

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The economy ended 2024 hotter than expected as the labor market added 256,000 jobs in December on expectations of just 160,000 jobs, the 10-year jumped to 14-year highs after the hotter jobs report and continues to rise on Monday, and this week it is all about consumers with inflation data and retail sales...

LINKS:

• REUTERS: US labor market exits 2024 with strong job gains, drop in unemployment rate
• CNBC: 10-year Treasury yield touches fresh 14-month high
• MARKETWATCH: It's all about consumers this week with inflation and retail data

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: A bad week for rates as the 10-year yield continues to climb, mortgage demand falls to a 30-year low, job openings unexpectedly rise, jobless claims fall, private payrolls rise by less than expected, and rents in Wilmington fall to a 20-month low...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Wilmington was the number one place to move in 2024 the third time it topped the list in the last five years, Wilmington's unemployment rises slightly in November, and it's jobs week!

LINKS:

• Wilmington is the Top Place to Move for the 3rd Time in the Last 5 Years
• Wilmington’s Unemployment Rate Rises to 3.0% in November
• This Week: Finals Jobs Week of 2024

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Big week for central banks as they will make their final decision on interest rates, survey finds support for Trump's economic policies, Softbank announces a $100 billion investment in US, and NAR picks the top housing markets for 2025...

LINKS

• WSJ: The Fed’s Game Plan on Interest-Rate Cuts Keeps Shifting
• THIS WEEK: Central Banks
• CNBC: Softbank CEO and Trump to announce $100 billion investment in U.S. by firm
• PREDICTION: Housing Hot Spots in 2025

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Inflation in the Euro Area rises in October, home construction in the South falls across the board, and President Trump picks Howard Lutnick for his Commerce Secretary. 

SHOW LINKS:

• Inflation Rises in the Euro Area in October
• Trump Selects Lutnick to Head Commerce Department
• Residential Construction Down Across the Board in the South

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY:  Homebuilder confidence falls in the South despite a rise nationally and as the official results for election 2024 are announced in New Hanover County two fourth-place finishers are calling for a recount...

SHOW NOTES:

• Homebuilder Confidence Falls in the South Despite National Rise
• On Second Thought, How About a Recount

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Live Oak Bank invests in affordable housing in Wilmington, home prices in the south fall in July for the first time since January, national home prices hit an all-time for the 14th straight month, and refi demand is up 49% in two weeks as rates fall for 12 straight weeks...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Former President Donald Trump talks about the economy and housing at his rally in Wilmington, Republican leaders look to avoid a shutdown with a new spending deal, and it's a busy week for housing data...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: The debate continues as to whether the Fed will cut by 25 or 50 bps with a new CNBC survey out and a new Nick Timiraos article, retail sales rise but are still below the rate of inflation, and the Cape Fear area begins to recover from major flooding in Brunswick County...

DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201