- briefcase
- Posts
- Deflation Fears
Deflation Fears
💼 Saturday Deep Dive
briefcase | invest smarter
TOP REAL ESTATE NEWS
Deflation Station: We spoke about this issue long ago, but it’s rearing its ugly head again in China. the country is teetering on the edge of a deflationary spiral, with consumer prices barely rising and core inflation up just 0.3% in August, excluding food and energy. Despite calls for fiscal stimulus, Beijing has yet to take bold action, raising concerns that insufficient intervention could worsen the country's economic slowdown. (WSJ)
Swing State Rent Woes: In the current election cycle, rental affordability remains a critical issue for swing state voters despite some improvements since the last election. The typical swing state renter household now earns 17.1% less than needed to afford the median-priced apartment, an improvement from the 20.6% shortfall in the previous election. Arizona has seen the most significant improvement in rental affordability, while Michigan is the only swing state where affordability has worsened. Pennsylvania renters face the most severe affordability challenge, with a 29.6% income shortfall. (Redfin)
Rate Cut, Buyers Strut: Following the Federal Reserve's half-point interest rate cut, the housing market shows signs of revival. Redfin reports a 68% increase in mortgage rate locks compared to a month ago, while purchase mortgage applications have risen by over 10%. The rate cut has prompted previously hesitant buyers to enter the market despite mortgage rates not falling further after the announcement. This surge in demand comes at a crucial time for the housing sector, which has been experiencing a slowdown in existing home sales. (HW)
Deflation? Great! Great! Because the one thing Americans needed was more stuff they don’t need at prices they can’t refuse. ‘Honey, we bought a TV for $50!’ ‘Where will we put it?’ ‘Who cares, it was $50. Let’s go!
Reply