Real estate weekly review
Posted by Liza Alley on
Weekly Review
Newsletter - 06/13/2022
Week of June 6, 2022 in Review
Consumer inflation reached a 41-year high in May while annual home price appreciation tied another record high in April. Here are the key headlines:
- Consumer Inflation Hits Highest Level Since 1981
- Majority of Top Economists Do Not Believe We’re in a Housing Bubble
- Annual Home Price Appreciation Ties Record High
- Does the Rise in Initial Jobless Claims Signal a Slowdown?
Consumer Inflation Hits Highest Level Since 1981
The Consumer Price Index (CPI), which measures inflation on the consumer level, rose 1% in May, which was much higher than the expected 0.7% gain. On an annual basis, CPI rose from 8.3% to 8.6%, which is the hottest reading in 41 years. Core…
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