Aug 21, 2024
July 2024 DFW Market Update
By
Robert Han
In July 2024, U.S. inflation remained in the spotlight as the annual inflation rate slowed to 2.9%, down from 3% in June. The Consumer Price Index (CPI) increased by 0.2% on a seasonally adjusted basis, driven predominantly by rising housing costs...
The Dallas housing market has encountered a challenging summer as inventory levels have surged across Texas, reaching a troubling milestone. As of June 2024, Dallas experienced a 38% surplus in housing inventory compared to last year, contributing to downward pressure on home prices. The median home price in Dallas dropped by 1.7% month-over-month, a more significant decline than the overall state average.
Property Management Tip 24 - Understanding Rental Vacancy for Landlords and Investors
Jul 24, 2024
June 2024 DFW Market Update
By
Robert Han
In June 2024, U.S. inflation showed notable changes. The annual inflation rate fell to 3.0%, down from 3.3% in May 2024, marking the lowest rate since June 2023. The Consumer Price Index (CPI) for All Urban Consumers declined by 0.1% on a seasonally adjusted basis. This decrease was primarily driven by declines in the energy index and a modest increase in food prices. Core inflation, which excludes food and energy, rose by 0.1% for the month and 3.3% over the year.
Property Management Tip 23 - Air Conditioning Issues regarding Landlord and tenant.
Jun 23, 2024
May 2024 DFW Market Update
By
Robert Han
Inflation is slowing in May, with no increase in the Consumer Price Index (CPI). However, it is still 3.3% higher than it was a year ago, according to the US Bureau of Labor Statistics.
Despite the stable CPI, housing-related numbers continue to be a sticking point in the Federal Reserve's inflation battle. For example, shelter inflation increased 0.4% on the month and was up 5.4% from a year ago. These price increases were held in check in the overall CPI thanks to a 2% drop in the energy index and only a 0.1% in food.
Property Management Tip 22 - Building a Real Estate Portfolio
May 20, 2024
April 2024 DFW Market Update
By
Robert Han
Inflation rates stay high in April. According to the most recent report, the Consumer Price Index (CPI) showed slight improvement, at 3.4% overall and 3.6% core--still away from the Fed's 2% target.
According to the Fed, an interest rate cut is still on hold due to the lack of further progress on inflation returning to its target. While the Fed had previously planned on three 0.25% rate cuts, their recent messaging makes it unclear if this will still happen.
Property Management Tip 21: Preparing Proper Documentation to Protect Your Investments
Apr 24, 2024
March 2024 DFW Market Update
By
Robert Han
Stubborn inflation pressures persisted in March. The month's Consumer Price Index (CPI) rose to 3.5%, a touch higher than economists had forecasted and slightly up from 3.2% in February.
With inflationary pressures continuing to persist, interest rate cuts anytime soon seem unlikely
Property Management Tip 20: Dealing with Insurance Costs as a Landlord
Mar 25, 2024
February 2024 DFW Market Update
By
Robert Han
February witnessed a slight uptick in inflation, with the Consumer Price Index (CPI) rising by 0.4% on a seasonally adjusted basis.At the March 2024 meeting, the Federal Reserve decided to keep interest rates steady, maintaining the federal funds rate in the range of 5.25% to 5.5%.
In light of the recent $418 million settlement involving the National Association of Realtors (NAR), which introduces significant changes to commission structures and the role of buyer agents, it's imperative to communicate the enduring importance of buyer agents in real estate transactions.
Property Management Tip 19: Leveraging Your Way to Real Estate Success: A Strategic Guide
Feb 22, 2024
January 2024 DFW Market Update
By
Robert Han
The start of 2024 has brought with it fresh data and insights into the state of the U.S. economy, particularly concerning inflation and housing rent trends. Despite the decline from peak inflation rates, the journey towards stabilizing prices and achieving the Federal Reserve's targets remains fraught with challenges.
The mortgage rate experienced significant volatility over the past week. The 30-year mortgage rate, which had soared to as high as 8% in November, saw a remarkable decline, reaching 6.5% in early February. This trend represented a glimmer of hope for potential homebuyers navigating the market's uncertainties. However, the recent release of inflation rate data introduced a new twist, reversing the downward trajectory.
Property Management Tip 18: 5 Things You Must Do as a New Landlord