The Real Estate News Brief: Paused but Poised for a Rate Cut, Amazon Housing Initiative, Farmland or Utopian City?

In this Real Estate News Brief for the week ending June 15th, 2024... reaction from the Fed on what appears to be more encouraging news about inflation, Amazon's big contribution to affordable housing, and the voter initiative that could decide the fate of a utopian city in California. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before we get started, I wanted to let you know about brand new homes and duplexes for sale in Jacksonville Fl. where the builder is buying down the rate to as low as 4.25%. You can find out more on a free RealWealth webinar next week. Sign up at newsforinvestors.com under the "Connect" tab. And please remember to subscribe to this podcast, and leave a review! Now, back to the show... Looking back over the last week, the highlights include back-to-back inflation reports and a Fed meeting that fell right in the middle of those two reports. The Consumer Price Index, or CPI, came out on Tuesday, showing no increase in May from the previous month. That's a sign that inflation is, in fact, cooling. Analysts had expected to see an increase. The core rate was also below expectations with a .2% increase for the month. The annual rate for both came in at 3.4%... ...You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. Links: 1 - https://www.cnbc.com/2024/06/12/cpi-report-june-inflation.html 2 - https://www.cnbc.com/2024/06/13/ppi-report-wholesale-prices-unexpectedly-fell-0point2percent-in-may.html 3 - https://www.cnbc.com/2024/06/12/fed-meeting-today-on-interest-rate.html 4 - https://www.marketwatch.com/story/jobless-claims-jump-to-highest-level-in-ten-months-08d4ae46?mod=economy-politics 5 - https://www.freddiemac.com/pmms 6 - https://www.bisnow.com/national/news/affordable-housing/amazon-commits-14b-to-multibillion-dollar-affordable-housing-fund-124665?utm_source=outbound_pub_7&utm_campaign=outbound_issue_77813&utm_content=outbound_link_7&utm_medium=email 7 - https://therealdeal.com/sanfrancisco/2024/06/12/california-forever-in-solano-county-heads-to-november-ballot/