The Monday Show

SUMMARY: The February jobs report may be the best report we see this year and markets away a lot of consumer data this week...

SHOW NOTES:

• A Pretty Phenomenal Jobs Report
• This Week All About Consumers

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

SUMMARY: Wilmington has become the YIMBY utopia as we have built more apartments which has caused rents to fall for the lowest-priced rentals and we get ready for a very busy week of data...

SHOW NOTES:

• A Rental Market Glut Means Falling Prices in Wilmington
• This Week: Housing & Inflation

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

SUMMARY: National rents rise for the second straight month,  New Hanover County aims to help residents struggling to pay their rent, and today we finally get some data...

SHOW NOTES: 

• National Rents Rise for Second Straight Month
• GWBJ: New Hanover County, Nonprofit Agency Partner On Rental Assistance Program

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

SUMMARY: The first residential construction report is a mixed bag to start 2024, producer prices come in much hotter than expected, and it's a slow week for data...

SHOW NOTES:

• Residential Construction in the South Plummets to Start 2024
• Producer Prices Come in Hotter Than Expected to Start 2024
• 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: Rents in Wilmington fall for the fifth straight month and a NIMBY town in Florida fights state law that forces them to allow development...

SHOW NOTES:

• Wilmington Rents Fall for the 5th Straight Month
• NYT: ​This Florida Mall Has Gucci, Prada … and Soon, Affordable Housing?

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 created 353,000 jobs & wages rose at the fastest pace in two years in January, Wilmington home prices fell while inventory fell in January, and we have a slow week of data after last week's firehose.

SHOW NOTES:

• The 2024 Labor Market Starts with a Bang
• Inventory Falls Along with Home Prices in Wilmington
• This Week: Wilmington's Economy & Housing Market

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

SUMMARY: Senator Elizabeth Warren pressures Fed Chair Jerome Powell to lower rates to increase affordability forgetting what will happen to prices considering supply has not risen significantly, homebuyers gain 9% in buying power as rates fall these last 6 months, building permits rise in Wilmington & North Carolina, and it is a very busy week ahead with jobs data and a fed decision.

SHOW NOTES:

• CNBC: Sen. Elizabeth Warren pushes Fed Chair Powell to cut ‘astronomical’ rates, ease housing pressure
• Homebuyers Gain 9% in Purchasing Power in 3 Months
• Building Permits in Wilmington Rise to End 2023
• This Week: Housing Data, a Fed Decision, & 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: Rates actually fell even after GDP jumped way more than expected mostly because durable goods were flat in December and jobless jumped more than expected last week.  New home sales jumped over 10% in December and a new report from Harvard finds that more renters than ever before are burdened by their rent payments even as the homeownership rate has risen...

SHOW NOTES: 

• WSJ: U.S. GDP Rose 3.3% in Fourth Quarter
• MW: U.S. initial jobless claims up 25,000 to 214,000 in latest week
• New Home Sales in the South Jump 10.6% to Close Out 2023
• NYT: More Renters Than Ever Before Are Burdened by the Rent They Pay

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

SUMMARY: Mortgage demand jumps to an 8-month high, more office space is being converted into residential apartments, and it turns out God is a YIBMY...

SHOW NOTES:

• Mortgage Demand Jumps to an 8-Month High
• NYT: Amid a Housing Crunch, Religious Groups Unlock Land to Build Homes
• AXIOS: Number of office-to-apartment conversions surges

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

SUMMARY: North Carolina created just under 100k jobs in 2023 and it looks like the Nation of Renters conspiracy theory is on pause until further notice...

SHOW NOTES: 

• North Carolina Unemployment Holds at 3.5%
• WSJ: For Property Investors, the Price of Homes Is Still Not Right

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