Housing Is No Vacation: GDansk Edition

As I write this, I’m on vacation, crossing the Baltic Sea, headed to Poland after a great visit to Sweden and Finland. Please excuse the much more brief edition of Housing Notes.

By Diego Delso, CC BY-SA 3.0, Link

Did you miss last week’s Housing Notes? April 28 – Rapid Unscheduled Disassembly Of Housing By The $41,824,850 Man to Get Happy

But I digress…

Housing Inflation As Part Of CPI Is Falling

Housing inflation in the CPI is expected to fall (although not as fast as you might have thought from last month's number). Here is @WhiteHouseCEA path consistent with lagged market rents. https://t.co/SVZc3aLg4Y pic.twitter.com/UCRxIrmxuH

— Jason Furman (@jasonfurman) April 27, 2023

Getting Graphic

My favorite charts of the week of our own making

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My favorite housing market/economic charts of the week made by others

The Federal Reserve raised interest rates above 5% for the first time since 2007. The quarter-point increase may be its last for now. https://t.co/lkL8i4JUR2

— NYT Politics (@nytpolitics) May 3, 2023

Updated my plot of bank failures. 😬 https://t.co/atlFhzIMKY pic.twitter.com/tfPNNEUrjb

— Mike Bostock (@mbostock) May 2, 2023

The market is saying the Fed just raised rates for the last time in this rate-hiking cycle, and the next move will be a cut, and could come as soon as September. pic.twitter.com/gRdN4ta7Gd

— Lisa Abramowicz (@lisaabramowicz1) May 3, 2023

Every failed bank that falls into hands of industry’s giants contributes to decades-long consolidation trend in banking sector; number of U.S. banks down drastically from peak in early-1980s when there were 14,469 U.S. commercial banks; by end of last year, it was down to 4,135… pic.twitter.com/Y4qAQL4lc3

— Liz Ann Sonders (@LizAnnSonders) May 2, 2023

america’s bank failures (adjusted for inflation) pic.twitter.com/bs00Qk7gZm

— ian bremmer (@ianbremmer) May 2, 2023

The average 30-year fixed mortgage rate slips to 6.49%. pic.twitter.com/PCfwCgQ0YK

— Lance Lambert (@NewsLambert) May 3, 2023

Apollo’s Torsten Slok‘s amazingly clear charts.

My favorite random charts of the week made by others

Current MLB players whose names contain at least half the letters of the alphabet pic.twitter.com/khE5hldPqX

— Jay Cuda (@JayCuda) May 3, 2023

Appraiserville

The Appraisal Profession Is Being Thrown Under The Bus

Hat tip to @sacappraiser

A friend is taking his broker's license renewal in California, and here's a question (practice test). I get the intent since the appraisal profession really is aging, but seems off. Maybe it's just me. My friend texted, "Damn, they're throwing you under the bus." Thoughts? pic.twitter.com/ftjyYq3rJZ

— Ryan Lundquist (@SacAppraiser) April 27, 2023

OFT (One Final Thought)

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Brilliant Idea #1

If you need something rock solid in your life (particularly on Friday afternoons at 2 p.m.) and someone forwarded this to you, , or you think you already subscribed, sign up here for these weekly Housing Notes. And be sure to share with a friend or colleague if you enjoy them because:

– They’ll be on vacation;
– You’ll be on vacation;
– And I’ll be on vacation.

Brilliant Idea #2

You’re clearly full of insights and ideas as a reader of these Housing Notes. Please share them with me early and often. I appreciate every email I receive, as it helps me craft the following week’s Housing Note.

See you next week!

Jonathan J. Miller, CRE, Member of RAC
President/CEO
Miller Samuel Inc.
Real Estate Appraisers & Consultants
Matrix Blog
@jonathanmiller

Housing Is No Vacation: GDansk Edition