Why Home Prices Can Stay High, Complicating the Fed’s Battle Against Inflation

Why Home Prices Can Stay High, Complicating the Fed’s Battle Against Inflation Sky-high housing prices still threaten to complicate the Federal Reserve’s inflation fight, even as America’s market for single-family homes shows signs of cooling in response to sharply higher interest rates. Read More Market Watch https://www.marketwatch.com/story/why-home-prices-can-stay-high-complicating-the-feds-battle-against-inflation-11660170245

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8/12/2022 – MetroIntelligence Economic Update by P. DUFFY

MetroIntelligence Economic Update by P. DUFFY Inflation tracker Producer Price Index fell 0.5 percent in July but up 9.8 percent year-on-year The Producer Price Index for final demand fell 0.5 percent in July, and rose 9.8 percent year-on-year. This decline followed advances of 1.0 percent in June and 0.8 percent in May. Prices for final demand less foods, energy, and trade services moved up 0.2 percent in July following a 0.3-percent rise in June. For the 12 months ended in July, the index for final demand less foods, energy, and…

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The Housing Market is Slowing Down, but Homes Aren’t Getting Cheaper Anytime Soon

The Housing Market is Slowing Down, but Homes Aren’t Getting Cheaper Anytime Soon Combined with rising home prices, the mortgage payment for the nation’s typical home is up by roughly 60% from a year ago, dragging housing affordability down to a 15-year low in June. Read More CNN https://www.cnn.com/2022/08/08/perspectives/housing-market-mortgage-rates/index.html

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How the Climate Bill Could Save You Money on Electricity, Cars and Appliances

How the Climate Bill Could Save You Money on Electricity, Cars and Appliances The bill contains a bevy of tax incentives aimed at pushing consumers, developers, small businesses and others towards clean energy and more efficient energy usage — helping bring down the cost of buying electric vehicles, heat pumps, water heaters, rooftop solar panels and more. Read More KTEN https://www.kten.com/story/47044238/how-the-climate-bill-could-save-you-money-on-electricity-cars-and-appliances

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Build Back Better ‘light’ Passes the U.S. Senate — What it Means for Americans

Build Back Better ‘light’ Passes the U.S. Senate — What it Means for Americans There will be tax credits for purchasing electric vehicles and for making homes more energy efficient, as well as financial support for the development of wind and solar energy. Read More Washington Policy Center https://www.washingtonpolicy.org/publications/detail/build-back-better-light-passes-the-us-senate-what-it-means-for-americans

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Energy Prices Expected to Rise Further Than Predicted – What Does It Mean for Developers?

Energy Prices Expected to Rise Further Than Predicted – What Does It Mean for Developers? The government has pledged some support for October’s energy rise, however this was prior to the cap forecast increasing. Read More Mortgage Introducer https://www.mpamag.com/mortgage-types/residential/energy-prices-expected-to-rise-further-than-predicted-what-does-it-mean-for-developers/415563

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