Which events are on this week’s financial calendar?
The following announcements, reports, and speeches on this week’s financial calendar may have the potential to impact the mortgage rate markets:
Monday, June 26th
None scheduled
Tuesday, June 27th
Durable goods orders – May 2023
S&P Case-Shiller home price index (20 cities) – April 2023
New home sales – May 2023
Consumer Confidence – June 2023
Wednesday, June 28th
Advanced U.S. trade balance in goods
Advanced retail inventories – May 2023
Advanced wholesale inventories – May 2023
Fed Chair Powell speaks
Thursday, June 29th
Fed Chair Powell speaks
Initial jobless data claims – June 24th
Pending home sales – May 2023
Friday, June 30th
Personal income – May 2023
Personal spending – May 2023
PCE index – May 2023
Core PCE index – May 2023
PCE – year-over-year
Core PCE – year-over-year
Chicago Business Barometer – June 2023
Consumer sentiment – June 2023
What does the current housing market look like?
The team at Realtor.com dug into recent data to give an idea of what the current housing market conditions are. According to their findings, they’ve observed that both home prices and mortgage rates are off their highs nationally. The current challenge is the amount of inventory available.
However, the pool of available homes grew last week. While it’s too early to consider this increase a trend, it is a positive sign as we move into the summer months.
What are the best areas to buy a home in South Carolina?
According to a recent survey of local real estate experts, there are nine locations in South Carolina that are ideal for homebuyers. At the top of the list? It’s not Charleston.
The experts surveyed claimed that Columbia, SC is the best area to buy into in South Carolina. Highlighting the central location, pleasant climate, award winning food scene, and an impressive schedule of festivals and events, it’s no wonder Columbia took the top spot. The median home value is $216,536, making it fairly affordable in the current market.
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