Please enjoy this quick update on what happened this week in the housing and financial markets.
The minutes released from last month’s Fed meeting showed some members don’t agree that low inflation is transitory. Low inflation helps keep rates low.
However, it’s still expected that the Fed will leave rates unchanged in Oct/Nov but will hike policy rates in December. There’s an 88% probability, at the moment.
Producer prices rose in September as gasoline prices jumped. Jobless claims dropped to a one-month low, showing strength in the labor market.
Natural disasters continue to reduce inventory in already tight markets. An estimated 9.1 million homes are at risk in Napa & Sonoma counties in California.
The buzz about net-zero homes continues to build. These highly energy efficient homes produce as much or more energy as they consume for heating & cooling.
The number of unfilled jobs in construction continued to rise in August to the highest level since Feb 2007. Homebuilders added over 80k jobs in the last year.
Frustrated by a bad experience, Barbara began her real estate career with a goal of providing exceptional service. Our motto is "A Name Friends Recommend." If you have a great experience then you will want your friends and family to have that same great experience.
