What’s on the financial calendar for 3/13 – 3/18?

Person reviewing financial charts | mortgage rate news

What’s on the financial news calendar for this week?

The Federal Reserve Board is in its blackout period ahead of next week’s meeting, and inflation news will likely dominate the headlines ahead of the CPI report on Tuesday, but there are several other reports and data releases to watch out for. Key dates on this week’s financial calendar are as follows:

Monday, March 13th


Tuesday, March 14th

NFIB optimism index for Feb 2023
Consumer price index & Core CPI data for Feb 2023

Wednesday, March 15th

Retail sales data for Feb 2023
PPI & Core PPI for Feb 2023
Homebuilders survey for Mar 2023

Thursday, March 16th

Initial jobless claims for Feb 2023
Housing starts for Feb 2023
Building permits for Feb 2023

Friday, March 17th

Industrial production metrics for Feb 2023
US leading economic index for Feb 2023
Consumer sentiment for Mar 2023

How can prospective homebuyers win in today’s real estate market?

Higher rates and inflated home prices can be a challenge for homebuyers to navigate, but it’s still possible for homebuyers to find success in the current market.

In the current environment, a prospective homeowner or family may have to earn as much as $90,000 to afford a home that they could have afforded at an income of $50,000 pre-pandemic.

While it is a challenge to find housing that matches a homeowners’ budget and lifestyle, it’s not impossible. Homeowners need to look at every possible option to get into a home for less.

From first-time homebuyer programs to mortgage rate buydowns, there are opportunities to make a mortgage more attainable. Many state and local governments have unique programs for their specific location. Even the National Association of Realtors has its Housing Opportunity programs to help homebuyers get additional information on programs.

The opportunities are there, but it might require a little extra legwork in the current environment.

What do the real estate firms think is next for the housing market?

Believe it or not, but opinions on the direction the housing market will go in are divided even among major real estate firms.

Teams at KPMG and CoreLogic were recently asked where they saw the housing market headed. Experts at CoreLogic believe the market will cool off in the Spring and could return to pandemic highs by the end of the year, while KPMG’s economic analysts see an extended cool off through the end of the year.

Both key players are predicting housing prices to come down, but the timing and pacing of the cool off vary wildly. CoreLogic cited a lack of inventory keeping prices from dropping dramatically, while KMPG stated that continued rate hikes will impact affordability and require banks to tighten lending policies.

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