The Monday Show

SUMMARY:  Housing inventory in Wilmington jumps to a 6-year high as the market slows after a slight jump in Spring, bond marketss continue to act wierd, and it's Fed week! 

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

SUMMARY: After a contenious budget workshop, New Hanover County Comissioners voted 3-2 to lower the property tax rate to 30.6 cents, down from the current 45 cents, but will still be a 5% increaese in property tax bills.  It was a good week for bond rates despite a slight uptick after Israel attacked Iran Thursday night.  Two good inflation reports (CPI & PPI) and two solid bond auctions (10YR & 30Y) caused a slight bond rally this week, pushing down rates. 

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

SUMMARY: David Benford, team lead for the David Benford Group, stops by the show to talk about how he got started in real estate, the impact of the NAR lawsuit, the current slowdown in the housing market, how the luxury market differs from the mid-range market, and what he sees happening for housing in the future.  

Tyler also breaks down what happened to rates last week and the big week ahead for inflation and some big bond auctions.

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

SUMMARY: A weak private payrolls gets markets moving and the President tweeting.  Mortgage rates were basically unchanged halfway through jobs week, job openings were higher than expected but quits showed signs of cooling, manufacturing fell for the fourth month, and it's the battle of the budgets here in the Cape Fear region...

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

SUMMARY: Tyler announces the news that he is a full-time Loan Officer at TowneBank Mortgage!  It's also jobs week after a positive week for rates, thanks to Japan, tariff pauses, and a positive inflation report.  Also, rent in Wilmington holds steady for the second consecutive month... 

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

SUMMARY: Japan's possible pullback on long-term bond issuance helps push down US bond yields, consumer confidence unexpectedly rises in May, and building permits fall slightly in Wilmington but remain strong...

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

SUMMARY: Trump announces tariffs on the EU just because, rates rise after a bad 20-year auction, Trump floats the idea of taking Fannie & Freddie out of conservatorship, and exiting-home sales hold in the South during the spring buying season...

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

SUMMARY: New Hanover County is likely to raise property taxes for the next fiscal year, GOP infighting keeps budget bill in limbo, and Ray Dalio says treasury risk is worse than Moody's and others argue...

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

SUMMARY: Bonds sell off thanks to Moody's downgrading US debt from AAA to AA1, Residential construction is mixed in the South in April, and it looks like a toll might be the only option for the Cape Fear Memorial Bridge replacement...

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

SUMMARY: Rates rise despite a solid inflation that showed price growth slowing to a 4-year low and despite seeing more revenue from tariffs the budget deficit continues to outpace last years spending...

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