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The Real Estate News Brief: Inflation Report Shows Progress, Recession Forecast for New Year, Where Investor Sales Are Booming
- Autor: Vários
- Narrador: Vários
- Editora: Podcast
- Duração: 0:05:39
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In this Real Estate News Brief for the final two weeks of 2023... you’ll hear the results of the last inflation report along with a few predictions for 2024 and some surprising data on the number of investors buying real estate in the Dallas area. We begin with a report on the Personal Consumption Expenditures index which is the Fed’s favorite inflation gauge. It shows the PCE dipped .1% in November for an annual rate of 2.6%. The core rate went in the opposite direction with a .1% increase for an annual rate of 3.2%. The core rate eliminates prices for food and gas. If you look at the data for “just” the last six months, the core rate was just 1.9% which is below the Fed’s target rate. Economist Andrew Hunter told CNBC: “Adding in the further sharp slowdown in rent inflation still in the pipeline, it’s hard to see any credible reason why the annual inflation rate won’t also return to the 2% target over the coming months.”... That’s it for today. You can read more about the stories in this episode by fol