The Real Estate News Brief: Fed Meeting Predictions, Optimism for a Soft Landing, Rent Growth Slowdown

In this Real Estate News Brief for the week ending July 22nd, 2023... what economists are expecting from the Fed, why there’s so much optimism about a soft landing, and what landlords are seeing for rent growth in today’s market. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   We begin with economic news from this past week, and much of that news has been focused on what economists predict the Fed will do at this week’s meeting. There’s basically a consensus that the Fed will hike short-term rates another quarter point to squash inflation, and that that will likely be the final rate hike. But at the same time, most economists don’t expect Fed Chief Jerome Powell to say that out loud, and he has predicted the need for another two rate hikes. But he’s more likely to leave people guessing at this point, as Fed officials evaluate inflation data. And it’s been good recently. The consumer price index or CPI dropped to 3.1% in June, but the core rate is still too high at 4.8%. The core rate eliminates food and gas and is considered a better gauge for determining what prices are doing...   Check the show notes for links at newsforinvestors.com. You can see all the data for rent growth by following a few of those links. And please remember to subscribe to this podcast and leave a review!   You can also join RealWealth by clicking on the “Join for Free” button. As a member, you have access to the Investor Portal where you can look at sample rental properties in various markets. You’ll also have access to our experienced investment counselors who can answer questions and the property teams we’ve been working with.    Thanks for listening. I'm Kathy Fettke.   Links:   1 - https://www.marketwatch.com/story/everyone-thinks-the-feds-rate-hike-next-week-will-be-the-final-one-except-the-fed-dc5fb209?mod=home-page   2 - https://www.marketwatch.com/story/jobless-claims-drop-to-two-month-low-of-228-000-f6709597?mod=economy-politics   3 - https://www.marketwatch.com/story/home-prices-climb-to-highest-level-in-a-year-as-home-listings-dwindle-c49ad934?mod=economy-politics   4 - https://www.marketwatch.com/story/u-s-housing-starts-retreat-in-june-e4a71eaa?mod=economy-politics   5 - https://www.freddiemac.com/pmms   6 - https://www.redfin.com/news/housing-turnover-decline-since-pandemic/   7 - https://www.corelogic.com/intelligence/us-rent-growth-returns-to-pre-pandemic-level-in-may-corelogic-reports/   8 - https://yieldpro.com/2023/07/yardi-matrix-reports-solid-rent-growth-in-june/