The Real Estate News Brief: Fed Meeting Minutes & Inflation, Single-Family Home Size, Millennials Destinations

Real Estate News: Real Estate Investing Podcast

In this Real Estate News Brief for the week ending May 25th, 2024... what the Fed meeting minutes are telling us about inflation, how much single-family homes are shrinking, and which cities are attracting millennials. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before we get started, I want to invite you to join me in San Antonio for our property tour on June 8. We will be meeting with a builder there who has brand new duplexes and 4plexes for sale, and is willing to buy down the interest rate for our Real Wealth investors. You can get the details at newsforinvestors.com, just sign up for a free membership and click on the Connect tab for info on our tours. See you there! Now let's begin with economic news from this past week. Minutes from the Federal Reserve’s last monetary policy meeting show that officials are becoming more concerned about a lack of progress on inflation. Members of the Federal Open Market Committee noted that inflation has come down a lot over the past year but is currently stalled. Several expressed a willingness to raise rates further if necessary, although some Fed officials, including Fed Chief Jerome Powell, have said publicly that they don’t think their next move will be a rate hike. Short-term rates have been in a range of 5.25% to 5.5% since July of last year... ...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.cnbc.com/2024/05/22/fed-minutes-may-2024-.html 2 - https://apnews.com/article/federal-reserve-rates-inflation-prices-loans-economy-64f3d844d7bef34e6c184be7e242b29f ​​3 - https://www.cnbc.com/2024/05/22/fed-officials-seem-to-have-no-idea-about-inflation-strategist-says-.html 4 - https://www.marketwatch.com/story/jobless-claims-fall-again-to-215-000-strong-labor-market-fuels-u-s-economy-0b866f13?mod=search_headline 5 - https://www.marketwatch.com/story/new-home-sales-dip-as-builders-feel-the-toll-of-higher-mortgage-rates-caf7f9f5?mod=mw_latestnews 6 - https://www.marketwatch.com/story/housing-supply-hits-highest-level-since-october-2021-but-home-sales-dip-a5fb0a81?mod=mw_latestnews 7 - https://www.freddiemac.com/pmms 8 - https://eyeonhousing.org/2024/05/new-single-family-home-size-decline-continues/ 9 - https://www.bisnow.com/dallas-ft-worth/news/industrial/google-to-open-1m-sf-distribution-center-north-of-fort-worth-124343 10 - https://finance.yahoo.com/news/5-cities-becoming-popular-millennials-184648436.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAI_Cm2MsSRUD17lSNhW1SE6dmtDy882DSNC4V8y9sCfZIJzm3gBlfCiZ62ExlnllnHZDIkYzIfjFns47s-9llclGmcNpb9wkAPAJpwcF0mmC4DPQo9Wg8OsOLAdHW9jaF8yucA1DLiko_moOkuxT4FxqoZhj-GBllMlT9FDm7_i5