What’s on this week’s financial calendar?
The following announcements, events and reports are on the financial calendar for this week:
Monday, May 27th
None scheduled – Memorial Day holiday
Tuesday, May 28th
Cleveland Fed President Loretta Mester and Fed Gov. Michelle Bowman speak in Japan
S&P Case-Shiller home price index (20 cities)
Minneapolis Fed President Neel Kashkari speaks
Consumer confidence – May 2024
Fed Gov. Lisa Cook and San Francisco Fed President Mary Daly speak
Wednesday, May 29th
New York Fed President John Williams speaks
Fed Beige Book
Atlanta Fed President Raphael Bostic speaks
Thursday, May 30th
Initial jobless claims – Week of May 25th
GDP – Q1 2024
Advanced U.S. trade balance in goods – April 2024
Advanced retail inventories – April 2024
Advanced wholesale inventories – April 2024
Pending home sales – April 2024
New York Fed President John Williams speaks
Dallas Fed President Lorie Logan speaks
Friday, May 31st
Personal income – April 2024
Personal spending – April 2024
PCE index – April 2024 & year-over-year
Core PCE index – April 2024 & year-over-year
Chicago Business Barometer (PMI) – May 2024
Where did mortgage rates end last week?
The national average rate for a 30-year, fixed-rate mortgage closed down 0.01% to 7.16%* on Friday. The start of trading today marks the end of the ’11-day weekend’ that we’ve been drifting through. This week features a lot of new data, some additional Fedspeak, and the potential for a breakout either way on Friday’s PCE data.
Where are the most affordable retirement towns?
According to recent data from Realtor.com, there’s a new retirement town in the U.S. that has the mantle of ‘most affordable’.
Sun City, FL is the most affordable town to retire in. 84% of the homes listed in Sun City are retiree-friendly and the median age of residents in the area is 71 years old. The median list price of homes in April 2024 was only $315,000. That’s over $100,000 lower than the national average.
When asked about the area, Coldwell Banker real estate agent, Irma Sanabia, said, “A lot of people are moving up from Southern Florida because of the price of the HOAs down there. The senior community here at Sun City Center has better control over HOA fees, which they are able to keep lower.”
Green Valley, AZ came in second place with 83% of listings rated as retiree-friendly, and the median age of residents at 74 years old. The median list price in Green Valley was only $349,900 last month.
Coming in at third place was King City, OR with 81% of listings as retiree-friendly and the median age of residents at 63 years old. The median list price in King City was $375,000 in April 2024.
* National average rates accurate as of 5/24/24 from ABC News and are not advertised rates from Guaranteed Rate.
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