The Monday Show

SUMMARY:   Existing-home sales in the south fell to an 11-year low while existing-home sales nationally fell to the lowest level since 1995 and this week we a heavy end of the week with inflation and GDP data...

SHOW NOTES:

• Existing-Home Sales in the South Fall to 11-Year Low
• THIS WEEK: GDP & 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: Housing Completions Hit a 17-Year High in the South as builders show optimism heading into 2024, jobless claims fall to a 16-month low, and mortgage rates fall to an 8-month low.


SHOW NOTES:

• Housing Completions Hit a 17-Year High in the South
• Jobless Claims Fall to a 16-Month Low
• Mortgage Rates Fall to an 8-Month Low

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 in the South saw the biggest jump since June 2020, retail sales were hotter than expected, and global inflation data shows that inflation's stickiness is a problem everywhere...

SHOW NOTES:

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

SUMMARY: ILM airport set a new record in 2023 and is now the 4th fastest-growing airport in the country, Federal Reserve Governor Christopher Waller said in a speech that rates might drop slower than many are anticipating, and baby boomers continue to own bigger houses thanks to the lock-in effect...

SHOW NOTES:

• ILM is the 4th Fastest Growing Airport in the US
• f
• Bonds Slide as Fed’s Waller Downplays Need to Rush: Markets Wrap (Bloomberg)

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

SUMMARY: Consumer prices rise more than expected but rates actually fall on the news, jobless claims continue to hold, and mortgage rates rise slightly for the second straight week.

SHOW NOTES:

• Inflation Coming in Hot to End 2023
• Jobless Claims Hold For Another Week
• Mortgage Rates Rose for the Second Week

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

SUMMARY: Markets await inflation data out Thursday morning which I am predicting could be slightly hotter than what economists are projecting.  We also discuss the big jump in mortgage demand to start 2024.

SHOW NOTES

• Mortgage demand jumps 10% to start the year
• JOHN WILLIAMS remarks at Bronx EDC and BICNY’s 2024 Regional Economic Outlook, White Plains, New York

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

SUMMARY: Consumer expectations for inflation improve to close out 2023, consumer credit climbs over $5 trillion for the first time ever, and rents in Wilmington fall for the fourth straight month.

SHOW NOTES:

• Consumers More Optimistic to Close Out 2023
• Wilmington Rents Fall for the 4th Time to Close Out 2023

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

SUMMARY: The North Carolina Rate Bureau submits for a 42% average increase with some parts of eastern North Carolina at 99.4% but these asks are unlikely to actually happen, a hotter-than-expected jobs report has some questioning what rates will do in 2024, and this week all eyes are on inflation.

SHOW NOTES:

• Homeowners Insurance in Coastal Carolina Could Rise By 100%
• Labor Market Still Hotter Than Expected to Close Out 2023
• THIS WEEK: All About Inflation

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

SUMMARY: Existing-home sales fall worse than expected and hit a new 13-year low, rent growth slows to a pre-pandemic low, and FOMC minutes show the Fed's take on housing...

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

SUMMARY: Housing starts and building permits are better than expected in October, a short week gives us some housing and global inflation data, and all eyes are on the Boomers and when and/or if they sell their homes...

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