Matthew Weaver - Mortgage Broker

Inflation data came in this week, and the market's reaction was surprisingly calm.

Headline inflation increased 0.4% for the month of May, slightly better than expected.
Core inflation rose as anticipated, largely reflecting the recent increase in oil prices.

The biggest takeaway?
There were no major surprises, and markets took the report in stride. Sometimes "nothing shocking" is exactly what investors want to see.

Quick reminder for buyers and sellers:

Rates have moved higher over the last couple of months, and we're seeing larger day-to-day swings than normal.

For buyers:
✔️ Have a game plan
✔️ Know your budget
✔️ Consider locking when the numbers work

For sellers:
✔️ Be mindful of buyer purchasing power
✔️ Make sure pre-approvals are current
✔️ Price strategically

A changing market doesn't mean a bad market. It just means strategy matters more than ever.

The latest Fannie Mae Home Price Expectations Survey projects:

✔️ 2.5% national appreciation over the next year
✔️ Approximately $12,500 in equity growth on a $500,000 home
✔️ Roughly 14% cumulative appreciation over the next five years

No one can predict the future perfectly, but it's encouraging to see economists remain confident in long-term housing fundamentals.