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Explore the Latest Market Updates
Wage Inflation is Going Up, but is It Enough to Keep Up with Inflation?
Wage Inflation is Going Up, but is It Enough to Keep Up with Inflation?
PRMG HOUSING MARKET NEWS AND UPDATES: May 31st, 2023
According to the Bureau of Labor Statistics, the March jobs report shows that wages are trying to keep pace, but they’re still lagging behind. Overall inflation is down to 5%, and the Fed is keeping a close eye on core CPI, which is showing a significant increase. It’s not quite at the 2% target yet, but we’re getting there. Keep your eyes on the numbers, folks – this economic rollercoaster is far from over! The Fed board is divided and lacking consensus, as revealed in the latest meeting’s released minutes. Job losses worry some members, while others are considering rate cuts to boost the economy in an election year. But the big question remains: how sticky will inflation be? And will job losses cause pain?
HUD is Considering Allowing FHA Loans to Cover ADU’s
HUD is Considering Allowing FHA Loans to Cover ADU's PRMG HOUSING MARKET NEWS AND UPDATES: May 30th, 2023 The Department of Housing and Urban Development (HUD) is currently exploring a proposal aimed at expanding the coverage of FHA loans to include Accessory Dwelling...
The Housing Market is Heating Up!
The Housing Market is Heating Up! PRMG HOUSING MARKET NEWS AND UPDATES: May 29th, 2023With over 80,000 listings and 20,000 homes already under contract, the demand for homes is high but the supply has been scarce. As rates trend lower and summer approaches, sellers...
Introducing Pacaso, the New Way to Own a Second Home without Breaking the Bank!
Introducing Pacaso, the new way to own a second home without breaking the bank! PRMG HOUSING MARKET NEWS AND UPDATES: May 28th, 2023Introducing Pacaso, the new way to own a second home without breaking the bank! With Pacaso's co-ownership model, you can join 7 other...
Wage Growth Exceeds Expectations!
Wage Growth Exceeds Expectations! PRMG HOUSING MARKET NEWS AND UPDATES: May 27th, 2023Job market takes us on a wild ride! With a whopping 253,000 jobs created, we're all blown away - but wait, there's a twist! Prior months saw a downward revision of 149,000 jobs. What...
There’s a Buzz in the Market!
There's a Buzz in the Market! PRMG HOUSING MARKET NEWS AND UPDATES: May 26th, 2023Get ready as we dive into the world of consumer spending. The Personal Consumption Expenditures (PCE) report is the Fed's preferred way to measure inflation. The PCE is like a snapshot...
The Price of Goods and Services are Dropping!
THE PRICE OF GOODS AND SERVICES ARE DROPPING! PRMG HOUSING MARKET NEWS AND UPDATES: May 25th, 2023Good news, folks! The prices of goods and services are dropping, which means you're paying less overall. Can you believe it? Even used cars have become more affordable....
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