Stephen Basaja
👤 SpeakerAppearances Over Time
Podcast Appearances
Historically, spring is a hot time for home sales, but the markets cooled in recent years due to high mortgage rates.
Tuesday, the National Association of Realtors will report May's existing home sales.
Zillow's already reported sales down nearly 3% from a year earlier.
On Wednesday, the Labor Department will share the latest on consumer prices.
In April, prices rose 3.8% year-over-year, much faster than the Federal Reserve would like.
If this week gives us similar inflation numbers for May, that would increase pressure on the Fed to raise interest rates this year, especially after a strong jobs report showed May added 172,000 jobs in a still resilient labor market.
Historically, spring is a hot time for home sales.
But the market's cooled in recent years due to high mortgage rates.
Tuesday, the National Association of Realtors will report May's existing home sales.
Zillow's already reported sales down nearly 3% from a year earlier.
On Wednesday, the Labor Department will share the latest on consumer prices.
In April, prices rose 3.8% year over year, much faster than the Federal Reserve would like.
If this week gives us similar inflation numbers for May, that would increase pressure on the Fed to raise interest rates this year, especially after a strong jobs report showed May added 172,000 jobs in a still resilient labor market.
Historically, spring is a hot time for home sales, but the markets cooled in recent years due to high mortgage rates.
Tuesday, the National Association of Realtors will report May's existing home sales.
Zillow's already reported sales down nearly 3% from a year earlier.
On Wednesday, the Labor Department will share the latest on consumer prices.
In April, prices rose 3.8 percent year over year, much faster than the Federal Reserve would like.