The Monday Show

SUMMARY: Homeowner equity hits an all-time in March with tappable equity also hitting an all-time high, home price growth slows for the second straight month, and consumer credit rises than expected in March...

SHOW NOTES:

• Homeowner Equity Hits All-Time Highs at $16.9 Trillion
• Home Price Growth Slows for Second Straight Month
• Consumer Credit Rises Less Than Expected...

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

SUMMARY: April's weak jobs report is a hopeful sign for those looking for relief from higher mortgage rates, after last week's busy week we have a slow week of economic data ahead, and could we see a secondary market for equity lines in the near future?

SHOW NOTES

• BIG MISS: Economy Adds Fewer Jobs Than Economists Were Expecting in April
• This Week: Housing, Credit, & UK Data
• MEREDITH WHITNEY: The mortgage reform that could unleash the next big US stimulus

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

SUMMARY: The Federal Reserve held rates at 5.5% but all eyes were on Jerome Powell's press conference where he argued a rate hike was unlikely but a rate cut was also unlikely anytime soon.  Job openings fell to the lowest level in 3 years giving some hope that Friday's jobs report could be lower than expected...

• The Fed Holds Rates, While Powell Rules Out a Hike
• Job Openings Fall to the Lowest Level in 3 Years

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

SUMMARY: Home prices hit an all-time high in February, Nick Timiraos prepares us for the next Fed decision, and the homeownership rate in the South falls slightly in the first quarter...

SHOW NOTES:

• National Home Prices Hit An All-Time High in February
• NICK TIMIRAOS: Fed to Signal It Has Stomach to Keep Rates High for Longer
• Homeownership Rate in the South Falls Slightly in Q1

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

The Fed's preferred inflation gauge showed consumer prices rising more than expected, Nick Timiraos says the days of ultralow rates are over, and we have a busy week ahead with jobs data and a Fed decision.

SHOW NOTES:

• Inflation Data in March Comes in Hot
• NICK TIMIRAOS: Even If the Fed Cuts, the Days of Ultralow Rates Are Over
• THIS WEEK: Housing, Jobs, & A Fed Decision

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

SUMMARY: The latest PCE report shows slightly better inflation data than expected but consumers are still feeling the pinch, home affordability approves slightly in Q4 but not much, and the markets prepare for jobs week...

SHOW NOTES:

• Inflation Data Slightly Better Than Expected But Consumers Are Still Feeling the Pain
• Home Affordability Improves Slightly in Q1, But Nowhere Near Historic Norms
• It's Jobs Week

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

SUMMARY: Heather Ashworth, Broker with Nest Realty, joins the program as my first guest EVER to discuss the NAR settlement, misconceptions about what a realtor does for their client, how compensation could change because of this settlement, changes to the industry, the ongoing housing inventory shortage.   We also briefly discuss the economic data fro the week as the schedule ins heavy on housing data and we end the week with inflation data.

SHOW NOTES:

• NAR Reaches $418 Million Settlement That Will Change How Realtors Are Paid
• This Week: Housing & Inflation Data

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 hits a 7-month high in the South, Housing completions hit a 17-year high in the South, and all eyes on the Fed as the FOMC makes their second-rate decision of 2024...

SHOW NOTES:

• Homebuilder Confidence in the South Rises for the 4th Straight Month
• Housing Completions in the South Hit a 17-Year High
• NICK TIMIAROS: The Fed Is Playing a Waiting Game on Rate Cuts. The Rules Are Starting to Change.

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

SUMMARY: The NAR announces a $418 million settlement that could be a game changer for the real estate industry or maybe not. A busy week ahead with 3 central bank decisions across the globe including the Federal Reserve and some housing data...

SHOW NOTES:

• NAR Reaches $418 Million Settlement That Will Change How Realtors Are Paid
• This Week: Fed Decision

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

SUMMARY: The latest CPI report showed inflation coming in hot in February with consumer prices rising more than expected as shelter costs continue to keep core inflation at elevated levels...

SHOW NOTES:

• Inflation Coming in Hot in February
• PPI & Retail Sales Out on Thursday

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