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Better inflation data won’t sway the Fed

Housing Wire

The Consumer Price Index data released Wednesday showed again that the breakaway 1970s-style inflation is not happening, even with an expanding economy and an unemployment rate under 4%. The headline inflation data came in lower than anticipated. As I am writing this article, it’s trading at 3.42%.

Mortgages 441
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Is the market pivoting ahead of the Fed?

Housing Wire

This will be important to think about going into 2023, especially if the labor market does what the Federal Reserve wants it to do, which is slow down enough to create a job loss recession. Right on schedule, we got all the jobs back that we lost to COVID-19 by September 2022, and job openings were over 10 million.

Marketing 515
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Where In The World Are Those Rate Cuts?

Toronto Realty Blog

The Bank of Canada has made six policy announcements since the last interest rate hike in July of 2023, and they have left the target rate at 5.00% all six times. While I may have bet on June 5th back at the start of the year, if I were to revise my pick today, I would say September 4th. Yes, and about that inflation.

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The Road Ahead

Toronto Realty Blog

Canada Day has also passed us by, and before we know it, we’ll be planning for back-to-school in September. Having said that, the fall real estate market is just around the corner, the summer market is taking shape, and both of these markets will likely help determine what 2023 will look like. – 2) Inflation.

Sales 83
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Who Has Questions About Interest Rates?

Toronto Realty Blog

A 100-basis point hike, for those who didn’t read a single article, let alone headline, last week, hasn’t taken place in this country in almost a quarter-century. More than half of the components that make up the CPI are now rising by more than 5%. The Bank is also continuing its policy of quantitative tightening (QT).

Banks 95
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Asking Rents Negative Year-over-year

Calculated Risk Real Estate

For example, the sharp increase in rents helped me deduce that there was a surge in household formation in 2021 (See from September 2021: Household Formation Drives Housing Demand ). Rent growth in 2023 has come in at a much slower pace than previous years thanks to a combination of sluggish demand and increasing supply. in April.

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10 data sources to inform your real estate strategy

Real Trends

As we enter 2023, the need for quality, insightful data is at an all-time high. In a recent article , Mohtashami comments on our cooling inflation growth rate, a positive CPI inflation report, the 10-year yield drop and falling mortgage rates. Realtor.com.