Cape Fear Report Tyler Cralle

SUMMARY: Existing-home sales fall for the third straight month, a busy week ahead with housing and inflation data, and a new theory says rates could stay higher forever...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Homebuilder confidence hits the lowest level all year, residential construction unexpectedly falls in May, and a new analysis finds the US housing market is 4.5 million homes underbuilt....DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Retail sales rise less than expected in May with year-over-year data showing that consumers are keeping pace with inflation, Euro area inflation rises for the first time in three months, New Hanover County passes a budget, and Wilmington's rental market cools slightly in the second quarter...DISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2028201

SUMMARY: Consumer price growth came in lower than expected in May, The Fed projects one rate cut in 2024, mortgage demand jumps, and a new home listing could break a New Hanover County record...Inflation Cools in May, Rates FallFed Holds Rates While Dropping Their Rate Cuts From 3 to 1Mortgage Demand Jumps as Refi Demand Hits Two-Year HighNew Listing Could Set Record in New Hanover CountyDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informationa...

SUMMARY: May's jobs report comes in super hot which might kill all hope of a rate cut in 2024, busy week ahead with inflation data and a Fed meeting, and the luxury housing market in Wilmington sees some inventory growth..SHOW NOTES:Hot Jobs Report Pushes Rates HigherThis Week: Inflation & Interest RatesLuxury Home Listings Surge in WilmingtonDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal housing lender. This podcast is for informational purposes only. Hosted by Tyler Cralle #2...

SUMMARY: Big jobs report out today so we recap the labor market reports earlier this week, mortgage rates fall under 7.0%, Europe cuts interest rates, and meme stocks are memeing...SHOW NOTES:Initial Jobless Claims Rise for the 3rd Straight WeekEuropean Central Bank Cuts Rates for the First Time Since 2019Mortgage Rates Fall Back Under 7.0%GameStop shares jump more than 40% as ‘Roaring Kitty’ schedules YouTube livestream for FridayDISCLAIMER: TowneBank Mortgage, NMLS #512138, is an equal hous...