Year: 2022

The Fed Could Crash the Housing Market Some economists warn continued historic rate hikes by the Fed could risk crashing the housing market, underscoring the difficult task ahead for the central bank. Read More CNN Business https://www.cnn.com/2022/09/14/investing/premarket-stocks-trading/index.html

MetroIntelligence Economic Update by P. DUFFY Producer Price Index slips 0.1 percent in August, up 8.7 percent year-on-year The Producer Price Index for final demand fell 0.1 percent in August after falling 0.4 percent in July, and rose 8.7 percent year-on-year.   The monthly decrease in the index for final demand is attributable to a 1.2-percent decline in prices for final demand goods. In contrast, the index for final demand services advanced 0.4 percent. Prices for final demand less foods, energy, and trade services moved up 0.2 percent in August following…

Cottagecore Remains the Most Popular Interior Design Trend in the U.S., According to One Study Cottagecore has been trending on social media since the early days of the COVID-19 pandemic, with homeowners embracing the vintage-inspired addition of florals and warm, cozy vibes inspired by life’s simpler pleasures. Read More Apartment Therapy https://www.apartmenttherapy.com/cottagecore-most-popular-interior-design-trend-37124633

KB Home Announces the Grand Opening of Its Vista Del Oro Communities in Highly Desirable Northwest Tucson Homebuilder offers two collections of personalized, new homes, Reserve and Horizon, priced from the $370,000s and $430,000s, respectively. Read More KB Home https://news.kbhome.com/press-releases/news-details/2022/KB-Home-Announces-the-Grand-Opening-of-Its-Vista-Del-Oro-Communities-in-Highly-Desirable-Northwest-Tucson/default.aspx

Grand Opening of Affordable Senior Housing in Bakersfield With the cost of living rising, the new lofts on 22nd Street will provide 19 units for low-income seniors. Read More 23 ABC https://www.turnto23.com/news/local-news/grand-opening-of-affordable-senior-housing-in-bakersfield

Mixed-Use Community in Aurora to Stress Sustainability, Natural Surroundings The number of residential units in each neighborhood will range from 200 to 400. Read More The Denver Post https://www.denverpost.com/2022/09/14/aurora-mixed-use-community/

U.S. Homebuyers Regain Leverage Years of soaring home prices and sharply higher mortgage rates remain hurdles for many would-be homebuyers, but new data shows that they’re regaining some leverage at the negotiating table as… Read More ET Realty https://realty.economictimes.indiatimes.com/news/residential/as-housing-market-cools-homebuyers-in-usa-regain-leverage/94090776

MetroIntelligence Economic Update by P. DUFFY July consumer credit use rise slumps to 6.2 percent annual rate In July, consumer credit increased at a seasonally adjusted annual rate of 6.2 percent vs. 10.2 percent in June. Revolving credit (such as credit cards) increased at an annual rate of 11.6 percent, while non-revolving credit (such as loans for cars and tuition) increased at an annual rate of 4.4 percent. https://www.federalreserve.gov/Releases/g19/current/   More pending home sales canceling as housing market rebalances As of the end of August, the share of pending home…