The Real Estate News Brief: Housing Inflation Slows Down, NY Judge Tosses Airbnb Lawsuit, Top Build-to-Rent Cities

In this Real Estate News Brief for the week ending August 12th, 2023... you'll hear what Fed officials are forecasting for housing inflation, why a New York judge tossed an Airbnb lawsuit, and the top ten cities for build-to-rent single-family homes. We begin with economic news from this past week that features two reports on inflation. The Labor Department reported that the Consumer Price Index was slightly higher in July than it was in June, although the reported figure for both months was .2%. The slight increase was enough to bring the yearly rate up a tiny bit, from 3% to 3.2%, but as MarketWatch reports, the fluctuation may not be enough to worry the Fed. The core rate, which eliminates prices for food and fuel, was also up .2% with an annual rate that was down slightly from 4.8% to 4.7%... If you've missed some of our episodes, you can catch up at https://www.newsforinvestors.com. And please remember to hit the subscribe button, and leave a review! You can also hit the Join for Free button to become a RealWealth member. As a member, you get access to our Investor Portal, where you'll be able to look at property pro-formas and connect with our network of resources. That includes experienced investment counselors, property teams, lenders, 1031 exchange facilitators, attorneys, CPAs and others. Links: 1 - https://www.marketwatch.com/story/u-s-inflation-rate-creeps-back-up-cpi-shows-feds-fight-not-over-5f213049?mod=economy-politics 2 - https://www.bisnow.com/national/news/economy/rents-now-account-for-90-of-inflation-which-ticked-up-in-july-120172 3 - https://www.marketwatch.com/story/u-s-wholesale-prices-pick-up-in-july-ppi-shows-2a4dbfaf?mod=economy-politics 4 - https://www.marketwatch.com/story/fed-has-more-work-to-do-to-get-inflation-back-down-daly-says-1899e2cf 5 - https://www.marketwatch.com/story/u-s-jobless-claims-rise-to-highest-level-in-a-month-e2ec6929?mod=economy-politics 6 - https://www.freddiemac.com/pmms 7 - https://www.bisnow.com/new-york/news/hotel/airbnbs-lawsuit-challenging-new-yorks-restrictions-dismissed-by-judge-120161 8 - https://www.businessinsider.com/financial-execs-would-quit-if-mandated-back-to-office-2023-8 9 - https://www.globest.com/2023/08/11/here-is-where-the-most-build-to-rent-units-are/