Market Update July 14, 2023 - Meg Tierney
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Market Update July 14, 2023

July 14, 2023


The June inflation readings came out yesterday, with a substantial drop in the overall index, and a more modest decline in the “Core-CPI” index:

Today’s weekly average 30-year interest rate reading climbed from last week (but will not reflect any reaction to the new inflation report), but the daily average interest rate illustrated in the 2nd chart below, had a significant, if preliminary, reaction to yesterday’s CPI:  Falling almost a quarter point in 2 days.

So far, stock markets have reacted very positively to the new inflation report:

The latest monthly overview of the national real estate market from the U.S Department of Housing & Urban Development:  Link to Report

An interesting article – with graphics on many angles on housing, including the one below – published by the U.S. Census on June 29, 2023, Owning or Renting the American Dream.