The Real Estate News Brief: Goodbye to Inflation? Home Buyers with Cold Feet & the Home Insurance Surprise

In this Real Estate News Brief for the week ending July 27th, 2024... what the Fed's favorite inflation gauge is telling us now, the surge in canceled home-purchase agreements, and the home insurance hit to our wallets.

Hi, I'm Kathy Fettke and this is Real Estate News for Investors. I'd like to mention two exciting topics for my other podcast, The Real Wealth Show. We are lining up guests for a new Jumpstart series to help first time home buyers and first time investors. The first few episodes will cover getting out of debt and improving your credit score. We are also booking guests who can help experienced investors rebalance their portfolios with things like the 1031 exchange. So be sure to check out my other podcast, The Real Wealth Show!

REFERENCES:

1 - https://www.marketwatch.com/livecoverage/pce-report-for-june-inflation-could-surprise-to-upside-after-gdp-numbers/card/pce-shows-u-s-inflation-posts-small-increase-in-june-fed-still-on-track-to-cut-rates-soon--Sy9ZoxAZg1nX6JZsFk4J 2 - https://www.marketwatch.com/livecoverage/q2-gdp-report-u-s-economy-forecast-to-have-accelerated-between-april-and-june/card/gdp-shows-u-s-grew-at-solid-2-8-annual-pace-in-second-quarter-recession-signs-faint--nKeaamFc3ksSt8ksYLa2 3 - https://www.marketwatch.com/livecoverage/pce-report-for-june-inflation-could-surprise-to-upside-after-gdp-numbers/card/consumer-spending-rises-again-and-keeps-the-economy-expanding-but-staying-power-questioned-HtmlPTGq1Meqpwj0CBKt 4 - https://www.cnbc.com/2024/07/23/june-home-sales-slump.html 5 - https://www.marketwatch.com/story/consumer-sentiment-stuck-at-8-month-low-on-inflation-angst-56c3286d?mod=economy-politics 6 - https://www.cnbc.com/2024/07/23/is-the-us-in-a-recession-about-3-in-5-americans-think-so-report-finds.html 7 - https://www.freddiemac.com/pmms 8 - https://www.redfin.com/news/home-purchase-cancellations-june-2024/ 9 - https://www.redfin.com/news/home-purchase-cancellations-june-2024/ 10 - https://www.cnbc.com/2024/07/29/home-insurance-premiums-rose-21percent-in-2023-partly-due-to-climate-change.html

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