Catherine Ann Edwards
๐ค SpeakerAppearances Over Time
Podcast Appearances
Part of the increase has to do with the rising cost of oil and natural gas around the world.
Plastic and petrochemical price hikes are especially hitting sectors like food and beverage, packaging, and pharmaceutical manufacturing, says Tony Bennett with the Texas Association of Manufacturers.
He says some costs could get passed on.
Some may have to be absorbed by manufacturers to not lose customers in the long term.
Back at Texas Injection Molding, Jeff Applegate is navigating that trickiness.
He says the industry is bracing for supply cost increases and figuring out how to keep their business going.
In Houston, Texas, I'm Elizabeth Troval for Marketplace.
Denise Moore with Bradford Real Estate in Nashville prefers working with home buyers.
But this spring, fewer of them are ready to make a purchase.
So while she's less busy with showings and listings, she's spending more time on marketing, education, meeting with clients.
In Miami, where the Redfin data say pending sales are up year over year, Joanna Jimenez of the Opus Group at Compass says, The single-family home market, the spring has been, you know, the best spring we've had in probably the last two, three years.
She says she's noticed buyers who had been on pause are coming back out, and some might not be worried about higher mortgage interest rates.
If you go to some neighborhoods, it's 50% of the transactions are cash.
Some neighborhoods it's as low as 25% and some are even as high as 70%.
In the greater Seattle area, Michael Urbino of Team Foster at Compass says the mortgage interest rates aren't discouraging buyers altogether, but those buyers are getting choosier.
He says buyers who used to look at 10 to 15 houses now want to see 25 to 30, which means that he and his team are working seven days a week, twice as much effort to maintain their typical volume.
I'm Carla Javier for Marketplace.
I will be looking for meeting minutes on how they update their beliefs from the last meeting.
These are actually quite easy to follow.
You can look at like track changes in Word and they'll cross out one word like concerned and replaced it with following.