The summary for the week of June 26, 2023, in Review, is below.
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Annual consumer inflation declined in May per the Fed’s favored measure. Plus, the tight supply of existing homes remains a key dynamic in the housing sector, impacting signed contracts and home prices. Read on for details:
-Inflation Making Slow Progress Lower
-Tight Inventory Preventing “Housing Demand from Being Fully Realized”
-New Home Sales Soar in May
-Spring Brings More Monthly Home Price Gains
-Surprising Drop in Unemployment Claims
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