The Real Estate News Brief: Inflation Ticks Higher, Investor Activity Slows, Plans for New SF Bay Area City

In this Real Estate News Brief for the week ending September 2nd, 2023... what the Fed's favorite inflation gauge is telling us about July, the home buying slowdown among investors, and plans for a brand-new bustling city in the San Francisco Bay Area. We begin with the Fed's preferred inflation gauge showing a slight uptick in July. The Personal Consumption Expenditure price index rose 3.3% compared to the previous year. That's up from 3% in June. The core rate which excludes food and fuel was also up from 4.1% in June to 4.2% in July. The report is fuel for the Fed's next meeting when officials will decide on whether to hike short-term rates once again... You can read more about these stories by following links in the show notes at newsforinvestors.com. While you are there, be sure to sign up for a free RealWealth membership. You can learn more about how and where it makes sense for you to invest. You can also look at sample rental properties, get your questions answered by experienced investment counselors, and connect with property teams and other real estate professionals. And please remember to subscribe to this podcast, and leave a review! Thanks for listening. I'm Kathy Fettke. Links: 1 - https://www.marketwatch.com/story/inflation-rate-rises-slightly-in-july-pce-finds-f496f493 2 - https://www.nytimes.com/2023/08/31/business/economy/fed-inflation-july.html 3 - https://www.reuters.com/markets/rates-bonds/feds-bostic-says-us-interest-rates-are-high-enough-2023-08-31/ 4 - https://www.reuters.com/markets/rates-bonds/feds-bostic-says-us-interest-rates-are-high-enough-2023-08-31/ 5 - https://www.marketwatch.com/story/u-s-jobless-claims-fall-to-lowest-level-in-four-weeks-3b2da360 6 - https://www.marketwatch.com/story/u-s-creates-187-000-jobs-in-august-382df422?mod=economy-politics 7 - https://www.freddiemac.com/pmms 8 - https://www.redfin.com/news/investor-home-purchases-drop-q2-2023/ 9 - https://www.nytimes.com/2023/08/25/business/land-purchases-solano-county.html