
MarketMinute | Is the housing market becoming more buyer friendly?
Consumer inflation data in June saw core prices rise 0.1%, the smallest gain since August 2021, supporting Fed policy rate cuts later this year. In his remarks to Congress, Fed Chair Powell acknowledged the labor market is showing signs of softening, also supporting Fed policy rate cuts. Applications for unemployment dropped more than expected last week to the lowest level since late May but still came in at 222K for the week. Realtor.com reported 2 buyer-friendly shifts in June: continued rising...
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