In this Real Estate News Brief for the week ending June 22nd, 2024… we’ll look at why one economist says the Fed is “playing with fire,” how big the housing gap has grown, and what the build-to-rent boom means for renters and investors. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before we get started, I want to remind you that we are hosting a free webinar this week with a Florida builder who's offering loan rates as low as 4.25% on duplexes in Jacksonville with property management in place. You can sign up at newsforinvestors.com, under the “Connect” tab. It's free to join RealWealth, where you'll get the support you need to be a hands-free investor. Now back to economic news… We begin with a big inflation report that’s being released this week. We’ll get the Personal Consumption Expenditure index for June on Friday. The PCE is the Federal Reserve’s preferred inflation indicator and will give us another glimpse at which direction inflation is moving and how fast. Economists are expecting to see further proof that inflation is slowing down... Links:
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Sources: 1 - https://www.investopedia.com/what-to-expect-in-the-markets-this-week-06-24-2024-8666609 2 - https://www.forbes.com/sites/simonmoore/2024/06/23/what-to-expect-from-junes-inflation-data/ 3 - https://www.marketwatch.com/story/jobless-claims-drop-to-238-000-but-stay-near-10-month-high-eafa6fec?mod=search_headline 4 - https://www.mpamag.com/us/mortgage-industry/market-updates/builder-sentiment-sinks-to-7-month-low-nahb/494075 5 - https://www.cnbc.com/2024/06/18/economist-sahm-who-devised-recession-rule-says-the-fed-is-playing-with-fire-.html 6 - https://www.freddiemac.com/pmms 7 - https://zillow.mediaroom.com/2024-06-18-The-U-S-is-now-short-4-5-million-homes-as-the-housing-deficit-grows 8 - https://www.cnbc.com/2024/06/21/housing-affordability-more-single-family-rentals-being-built-in-us.html