The Monday Show

SUMMARY: Inflation data came in as expected but the increases are worrying economists and wha that could mean for future rats cuts.  Wilmington's housing market continues to show signs of a slowdown

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

SUMMARY: Rates rose for the second straight week as President Trump announced new tariffs and ramped up his attacks on Fed Chair Jerome Powell.  It's a big week for data as markets prepare for CPI, PPI, and retail sales.  

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

SUMMARY: A hotter-than-expected jobs report pushes up rates, after two busy weeks it's a slow week for economic data, and New Hanover County Commissioner Dane Scalise joins the program to discuss....

8:35 Property tax debate

17:55 Core services (needs vs wants)

20:15 Road confusion

23:10 Property tax rate hikes impact everyone

25:17 The Endowment's role

29:20 The balance of development & protecting the community

35:50 The importance of green space 

40:20 Downtown is ripe for more development

46:00 How reducing red tape can help with 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: Mortgage rates rise on a strong job openings report, Powell's comments on a July rate cut, and the passage of Trump's Big Beautiful Bill.  Private payrolls see the first decline since March 2023 in June and rents in Wilmington fall for the 26th straight month but that could be coming to an end in July...

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

SUMMARY: Busy day in Washington as the Senate votes on Trump's Big Beautiful Bill, Senator Thom Tillis announces his retirement on Sunday, President Trump goes on another rant about Jerome Powell, it's a short jobs week, and housing affordability worsens in Wilmington in the second quarter...

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

SUMMARY: Rates fell this week as the economy retraced more in the first quarter than orignally thought, PCE comes in slightly hotter than expected but personal income was a big miss, new home sales plummet in May, and pending home sales give some hope for a better housing market than last year...

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

SUMMARY: Rates fall slightly to start the week thanks to optimism from the Federal Reserve that we could see a rate cut sooner rather than later, consumer confidence dissapoints in June, and Wilmington's housing market shows signs of slowing...

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

SUMMARY: A rare busy Monday show as we break down the impact the US attacking Iran will have on markets, the Trump administration's pressure campaign on Powell, and the busy week ahead for inflation and housing data.  Heather Ashworth, Broker at Nest Realty, joined the program to discuss the impact one year later from the NAR lawsuit, whether it's a buyer or seller's market, how the market has changed from the hot COVID housing market, the importance of your house being turn-key ready when you list, the changing trends in homes, and why monthly payment has become buyers top priority.

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

SUMMARY: The Fed announced they were holding rates steady for the fourth consecutive meeting as they wait to see the impact tariffs could have on the economy...

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

SUMMARY: It is not a great 2025 for homebuilders in the South as confidence falls to the lowest level since 2012 and building permits fall to the lowest level since 2022, disappointing retail sales push rates down so far this week, and all eyes turn to Washington for the Fed rate decision, economic projections, and Powell's presser...

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