The Real Estate News Brief: Inflation Still Simmering, New Home Buying Surge, “Survive to 2025”

In this Real Estate News Brief for the week ending October 28th, 2023... inflation is still simmering, homebuyers come on strong in September, and the “Survive to 2025” mess from one real estate group.   We begin with economic news from this past week that was highlighted by a report on inflation. The Personal Consumption Expenditures price index, or PCE, rose more than expected in September. The government reported a .4% increase which translates into an annual rate of 3.4%. That’s still uncomfortably higher than the Fed’s 2% target. The core rate was up .3% for an annual rate of 3.7%. The core rate omits prices for food and fuel, which can be volatile. The PCE is the Fed’s preferred inflation tracker and is sure to be discussed during the Fed’s next policy meeting. MarketWatch reports that economists and investors are predicting that the Fed will “not” increase rates this time around...   ...That’s it for today. You’ll find links to the full articles in the show notes at newsforinvestors.com. If you want to learn more about the real estate market, buying rentals, and becoming job optional, please sign up for a free RealWealth membership. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening! Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/inflation-rises-faster-than-fed-feds-preferred-pce-price-tracker-shows-ac66d186?mod=economy-politics   2 - https://www.marketwatch.com/story/gdp-jumps-4-9-as-the-u-s-economy-speeds-up-dcffe349?mod=livecoverage_web   3 - https://www.marketwatch.com/story/jobless-claims-rise-slightly-remain-in-ultra-low-territory-a27b860e?mod=livecoverage_web   4 - https://www.marketwatch.com/story/u-s-new-homes-sales-rebound-in-september-surging-12-3-66075afb?mod=economy-politics   5 - https://www.marketwatch.com/story/pending-home-sales-stay-near-record-low-despite-modest-pickup-in-september-2f04f497?mod=mw_latestnews   6 - https://www.freddiemac.com/pmms   7 - https://eyeonhousing.org/2023/10/housing-demand-caught-between-high-rates-demographics/   8 - https://www.bisnow.com/national/news/capital-markets/near-9-in-10-cmbs-office-loans-default-in-september-121332   9 - https://www.globest.com/2023/10/25/advice-for-property-owners-survive-to-2025/