Inflation climbed 8.5% in July as prices cool but remain near record high

  • August 10, 2022
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  • realestatelife

The Labor Department said Wednesday that the consumer price index rose 8.5% in July from a year ago, below the 9.1% year-over-year surge recorded in June.

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US economy adds 528,000 jobs in July, surging past expectations

  • August 5, 2022
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  • realestatelife

U.S. job growth unexpectedly accelerated in July, defying fears of a slowdown in hiring even as the labor market confronts the twin threats of scorching-hot inflation and rising interest rates. Employers added 528,000 jobs in July, the Labor Department said in its monthly payroll report released Friday, blowing past the 250,000 jobs forecast by Refinitiv economists.

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Fed raises interest rates by 75 basis points in historic move to battle inflation

  • July 27, 2022
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  • realestatelife

The Federal Reserve on Wednesday raised its benchmark interest rate by 75 basis points for the second straight month as it tries to bring scorching-hot inflation under control, a move that threatens to slow U.S. economic growth and exacerbate financial pressure on Americans. The three-quarter percentage point hikes in June and July – the first

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Making the Move to California? Be Sure to Read This First

  • August 1, 2022
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  • realestatelife

The Your Real Estate Life show helps you navigate the often confusing process of choosing and securing the loan to meet your unique and specific needs in the neighborhood you’d like to call home. Contact us today for more information! 888-LIFE-980 Moving to California can be a big adjustment, but there are a few things

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June retail sales climb more than expected as Americans confront searing-hot inflation

  • July 15, 2022
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  • realestatelife

Americans ramped up their spending at retail stores in June, a sign that consumers are still opening their wallets even as inflation persists at a 40-year high. Retail sales, a measure of how much consumers spent on a number of everyday goods, including cars, food and gasoline, rose 1% in June from the prior month,

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Inflation spikes more than expected, hits new 40-year high

  • July 13, 2022
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  • realestatelife

Inflation accelerated to a new four-decade high in June as the price of everyday necessities remains painfully high, exacerbating a financial strain for millions of Americans and worsening a political crisis for President Biden.

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Pending home sales spike amid rising inventory, moderating prices

  • September 29, 2021
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  • realestatelife

Pending home sales snapped back in August, following two months of declines, as the housing market showed signs of regaining its footing.

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The Federal Reserve has issued a new press release. Below is the release, along with the easy-to-understand breakdown included.

  • September 22, 2021
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  • realestatelife

September 22, 2021 This is #6 of 8 FOMC meetings this year. For release at 2:00 p.m. EDT – This is the time of day nearly all FOMC announcements are made. The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its

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Homebuilding rebounds in August

  • September 21, 2021
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  • realestatelife

Housing starts rose 3.9% last month to a seasonally adjusted annualized rate of 1.615 million, the Commerce Department said Tuesday. Analysts were expecting 1.555 million starts.

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Retail sales unexpectedly rise as back-to-school shopping provides lift

  • September 16, 2021
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  • realestatelife

Retail sales, a measure of spending at restaurants, stores and online, last month rose 0.7%, according to the Commerce Department. Analysts expected a 0.8% decline.

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