Inflation Softens In July To An Overall 12 Month Rate of 3.0% - Still 50% Higher Than Fed Target. Led by housing rates as it has been for much of the last 28 months, the consumer price index continued its stubborn 30 month climb.
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While the rest of the globe is facing fertility and birthrate challenges, China’s drop in overall population and working age population show the stark reality of a loss of hundreds of millions of residents.
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Inflation Goes on a Tear In The First Two Months of 2023 Pushed By Housing And Other Key Sectors. The Overall Annualized Rate Reached 6.0% Through February.
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Suburban and Rural Homes Appreciate Up To Nearly 4X Faster Than Most Urban Housing Markets In 2022 According to Redfin
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Inflation in December 2022 Ran At A 12 Month Rate of 6.5% Despite Being Tamped Down By A Drop in Gasoline Prices And A Substantial Hike In Housing Costs.
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The steep mortgage rate increase has cooled real estate markets nationally, especially the residential market which has seen a 30% drop in completed transactions since the start of the 2022.
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Housing affordability, mortgage rates and a number of economic factors helped drive home sales to their lowest level in 5 years in July 2022 according to the Census Bureau.
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