The Real Estate News Brief: Return of the Zero-Down Mortgage?, SFR Rents are Rising and Renters are Staying Put

In this Real Estate News Brief for the week ending June 1st, 2024... we take a look at how the latest inflation report might influence the Fed's rate-cutting decision, the return of the zero-down mortgage, and two new rent growth reports for single-family homes and apartments. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. I encourage you to sign up for a free membership at RealWealth. We will help you understand the real estate market, and how you can make wise investment choices. One way to jumpstart your education is to go on a property tour. There's one coming up for San Antonio next week so please join us! Getting back to economist news from this past week. The latest inflation report reignited hope for a rate cut this year. The Fed's preferred Personal Consumption Expenditure index for April shows the overall inflation rate up .3%, which economists had forecast. But the core rate, which strips out prices for food and gas, was a surprise, at an increase of .2%. That's the smallest monthly increase for the core rate this year. The annual overall rate is now 2.7% and the core rate, 2.8%. Both are inching closer to the 2% level that the Fed is targeting... ...That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/livecoverage/april-pce-report-key-inflation-data-may-show-slowest-core-growth-of-the-year/card/april-pce-shows-smallest-increase-in-core-inflation-this-year-5D5wVFUrJSssAziesr4g 2 - https://www.marketwatch.com/story/feds-williams-expects-inflation-to-cool-in-the-second-half-of-the-year-ad9987f0?mod=inflation 3 - https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html 4 - https://www.theguardian.com/business/article/2024/jun/03/european-and-canadian-central-banks-expected-to-cut-interest-rates-this-week 5 - https://www.marketwatch.com/story/jobless-claims-rise-slightly-to-219-000-in-latest-week-35cf88d5?mod=economic-report 6 - https://www.marketwatch.com/story/home-prices-reach-new-high-in-march-case-shiller-says-fueled-by-scarcity-eedff4b5?mod=aarthi-swaminathan 7 - https://www.marketwatch.com/story/pending-home-sales-plunge-as-home-buyers-steer-clear-of-7-mortgage-rates-abcbe9ae?mod=economic-report 8 - https://www.freddiemac.com/pmms 9 - https://www.cnn.com/2024/05/30/business/zero-down-mortgages-making-a-comeback/index.html 10 - https://www.corelogic.com/press-releases/corelogic-com-press-releases-attached-rental-prices-drop-first-time-14-years/ 11 - https://www.globest.com/2024/05/28/apartment-rents-post-national-monthly-growth-of-over-1-in-may/ 12 - https://www.redfin.com/news/renters-staying-put-longer/