SUMMARY: Chairman Jerome Powell says the Fed is not confident the inflation fight is over and the markets get spooked, mortgage rates see the biggest dip in almost a year, and continuing jobless claims rise to the highest level since April....

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

SUMMARY: The housing market falls to the least affordable market since 1984, home prices continue to rise despite rising rates, and total household debt rises especially for those under 50...

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

SUMMARY: Is the labor market cooling for maybe the 9th time, mortgage demand falls to a new 28-year low, and mortgage rates fall for the first time in eight weeks...

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

SUMMARY: The National Association of Realtors lost a $1.8 billion trial that will undoubtedly change the real estate industry going forward with some thinking it will be a change for good while others think it will be a change for the worse.  In other news, home prices hit an all-time high while consumer confidence fell to a 5-month low...

Show Notes

• NAR Loses $1.8 Billion Lawsuit in Earth-Shaking Verdict
• Home Price Growth Hits 7-Month High
• Consumer Confidence Fell for the 3rd Straight Month

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

SUMMARY: Consumer spending rose more than expected in September, consumer prices held steady, and get ready for the busiest week this year with housing data, jobs data, and a Fed decision.

SHOW NOTES:

• Spending Higher Than Expected as Price Growth Stays Elevated
• This Week: Fed Decision, Housing, and Jobs

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

SUMMARY: Retail sales growth is more than double economist expectations in September, the 10-years hit a new 17-year high, homebuilder confidence falls to a 9-month low, and Wednesday is a busy day for inflation and residential construction...

SHOW NOTES: 

• Retail Sales Rise More Than Expected in September
• Homebuilder Confidence Falls to a 9-Month Low
• 10-year Treasury yield closer to 5% after U.S. data

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

SUMMARY:   Home affordability hits a 24-year low in the third quarter of 2023, home prices hit all-time highs in August, and we have a busy week ahead with home builder data and global inflation.

SHOW NOTES:

• Housing affordability falls for the fourth straight month
• Single-Family Home Prices Hit All-Time High in Q3
• This Week: Housing Data & Global Inflation

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

SUMMARY: On the 300th episode we discuss the BIG jobs report on Friday showing the labor market is still very hot, it's a slow week for data but we will get CPI & PPI towards the end of the week, and I am introducing a new local newsletter for Wilmington real estate.

SHOW NOTES:

• Employment Skyrockets in September
• This Week: All About Inflation
• The new Wilmington Weekly

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

SUMMARY: Speaker Kevin McCarthy is out of a job as 8 Republicans voted with 208 Democrats to oust the speaker of the house for the first time in history, job openings rose to a 3-month high in August, and home prices hit new all-time highs in August...

SHOW NOTES

• McCarthy Ousted as Speaker
• Job Openings Jump to 9.6M in August
• Home Prices Rise for 7 Straight Months
• Home prices continue to rise hitting a new high in August

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

SUMMARY: The government shutdown was averted in the 11th hour with a 45-day pause before we are right here again, it is jobs week as we await data to see if the labor market is continuing to cool, the Fed's preferred inflation gauge was slightly better than expected on Friday, and inflation in the Euro is showing signs of improvement.

SHOW NOTES: 

• Shutdown Averted
• It's Jobs Week
• Inflation Increases Slightly Less Than Expected in August
• Euro Area Inflation Slows More Than Expected in September

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