The Monday Show

SUMMARY: Inflation cools more than expected in October, the 10-year yield falls under 4.5% for the first time since September, and WSJ writes about how the realtor profession could change after the big NAR lawsuit...

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

SUMMARY: Chairman Jerome Powell says the Fed is not confident the inflation fight is over and the markets get spooked, mortgage rates see the biggest dip in almost a year, and continuing jobless claims rise to the highest level since April....

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

SUMMARY: The housing market falls to the least affordable market since 1984, home prices continue to rise despite rising rates, and total household debt rises especially for those under 50...

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

SUMMARY: Is the labor market cooling for maybe the 9th time, mortgage demand falls to a new 28-year low, and mortgage rates fall for the first time in eight weeks...

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

SUMMARY: The National Association of Realtors lost a $1.8 billion trial that will undoubtedly change the real estate industry going forward with some thinking it will be a change for good while others think it will be a change for the worse.  In other news, home prices hit an all-time high while consumer confidence fell to a 5-month low...

Show Notes

• NAR Loses $1.8 Billion Lawsuit in Earth-Shaking Verdict
• Home Price Growth Hits 7-Month High
• Consumer Confidence Fell for the 3rd Straight Month

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

SUMMARY: Consumer spending rose more than expected in September, consumer prices held steady, and get ready for the busiest week this year with housing data, jobs data, and a Fed decision.

SHOW NOTES:

• Spending Higher Than Expected as Price Growth Stays Elevated
• This Week: Fed Decision, Housing, and Jobs

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

SUMMARY: Retail sales growth is more than double economist expectations in September, the 10-years hit a new 17-year high, homebuilder confidence falls to a 9-month low, and Wednesday is a busy day for inflation and residential construction...

SHOW NOTES: 

• Retail Sales Rise More Than Expected in September
• Homebuilder Confidence Falls to a 9-Month Low
• 10-year Treasury yield closer to 5% after U.S. data

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

SUMMARY:   Home affordability hits a 24-year low in the third quarter of 2023, home prices hit all-time highs in August, and we have a busy week ahead with home builder data and global inflation.

SHOW NOTES:

• Housing affordability falls for the fourth straight month
• Single-Family Home Prices Hit All-Time High in Q3
• This Week: Housing Data & Global Inflation

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

SUMMARY: On the 300th episode we discuss the BIG jobs report on Friday showing the labor market is still very hot, it's a slow week for data but we will get CPI & PPI towards the end of the week, and I am introducing a new local newsletter for Wilmington real estate.

SHOW NOTES:

• Employment Skyrockets in September
• This Week: All About Inflation
• The new Wilmington Weekly

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

SUMMARY: Speaker Kevin McCarthy is out of a job as 8 Republicans voted with 208 Democrats to oust the speaker of the house for the first time in history, job openings rose to a 3-month high in August, and home prices hit new all-time highs in August...

SHOW NOTES

• McCarthy Ousted as Speaker
• Job Openings Jump to 9.6M in August
• Home Prices Rise for 7 Straight Months
• Home prices continue to rise hitting a new high in August

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