Call Us! (704) 621-3066

maureen@sellyourhomecharlotte.com

Call Us! (704) 621-3066

maureen@sellyourhomecharlotte.com

Ready to sell your home? learn

how to get top dollar and sell it fast!

At SellYourHomeCharlotte.com, we know that selling your house is a

big step. You might feel overwhelmed or burdened by everything

involved in selling your house.

You might be wondering what your house is worth

or if it’s really the right time to sell. This is where we can help. 

Over the last 7 years I've sold hundreds of homes and

now I'm sharing exactly how so you can sell your home too.

Inside of the seller seminar you'll get step by step videos

breaking down everything you need to know BEFORE selling

your home - to get the highest price possible,

in the quickest time possible.

Welcome To the FREE Virtual Seller Seminar
Get 15+ videos showing you step by step how to sell your home faster for more money

Here's What you'll learn (For FREE)
The pre-market quiz
"Will your home pass the test before going to market?!"
Marketing Your home
"The importance of marketing your home properly."
Good time to sell?
"Are we heading into a recession? Is now a good time to buy or sell?"

pre-market Timelines

"The timelines before listing a home with us."

How Quickly sold?

"How quickly will my home sell?" This is a common question we get.
Inspections?!
"Should you get inspections done prior to listing my home?"
home valuation
"How do you determine what your house is worth?"
Is zillow Accurate?
"Should I use Zillow as an accurate evaluation of my home’s value?"
What to disclose?
"Disclosures, what to disclose. This is vital to ensure that you are safe."
plus much more...
Sign up for free and get access to all the videos now
Here's What you'll learn (For FREE)
The pre-market quiz
"Will your home pass the test before going to market?!"
Marketing Your home
"The importance of marketing your home properly."
Good time to sell?
"Are we heading into a recession? Is now a good time to buy or sell?"

pre-market Timelines

"The timelines before listing a home with us."

How Quickly sold?

"How quickly will my home sell?" This is a common question we get.
Inspections?!
"Should you get inspections done prior to listing my home?"
home valuation
"How do you determine what your house is worth?"
Is zillow Accurate?
"Should I use Zillow as an accurate evaluation of my home’s value?"
What to disclose?
"Disclosures, what to disclose. This is vital to ensure that you are safe."
plus much more...
Sign up for free and get access to all the videos now

Meet Maureen Mahood

trusted Realtor and Broker with years of experience. She can guide you through the buying process to help you achieve your Real Estate Goals.

Maureen Mahood | Realtor & Broker

DRE #281766

What people are saying
"We're so happy we attended the seller seminar. This process really works and it works every single time..." - Mary & Troy

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U.S. Inflation Takes a Dip to 3% in June Before Fed's Big Decision

July 13, 20235 min read

Hey there! Good news on the economic front—U.S. inflation is on a downward trajectory. The latest report on the Consumer Price Index (CPI) shows that inflation dropped to 3% in June, which is a whole percentage point lower than May. And guess what? It's the lowest inflation level we've seen since March 2021!

You know what's even better? Core inflation, which excludes the wacky prices of food and energy, is also showing signs of cooling down. It rose by 4.8% in June compared to the previous year. That's the slowest pace since October 2021 and a drop from the 5.3% we saw in May. Phew!

Now, why does this matter? Well, it's all about the Federal Reserve and their mission to get the economy back on track. Last month, they decided to hit the pause button on their rate hike campaign for the first time in 15 months. And with inflation now one-third of what it was a year ago, everyone's got their eyes glued to the Fed's upcoming meeting.

But hold your horses, folks! Let's not get too carried away. Yes, the data looks good, but we're not quite out of the woods yet. Inflation is still above the Fed's target of 2%. So, despite keeping the Federal Funds Rate steady between 5% and 5.25% in June, the Fed signaled that they're likely to raise rates at least two more times before the year is up.

Now, let's dive into the nitty-gritty. The Fed said, and I quote, "In determining the extent of additional policy firming that may be appropriate to return inflation to 2% over time, the Committee will take into account the cumulative tightening of monetary policy, the lags with which monetary policy affects economic activity and inflation, and economic and financial developments." Fancy words, huh?

Here's the scoop—back in June, when the CPI hit a solid 4%, many experts in the real estate industry thought that would be enough to put the brakes on more rate hikes. But guess what? The minutes from that June meeting spilled the tea and revealed that several Fed officials were actually in favor of another rate hike. They believed that economic activity was stronger than expected and saw no clear signs of inflation going back to the desired 2% mark. Bummer!

Now, you're probably wondering, will the recent drop in inflation stop the Fed from resuming rate hikes at their July meeting? Well, don't get your hopes up just yet. Some real estate folks believe that the Fed will keep on hiking those rates until they hit their magical 2% inflation target. Dr. Lisa Sturtevant, the chief economist at Bright MLS, thinks that raising rates will not only impact mortgage rates but also address the issue of housing's contribution to elevated inflation. She argues that housing costs are still pretty high and need more attention.

Speaking of housing costs, they were the major culprit behind the inflation increase in June. They accounted for over 70% of the overall rise, with shelter costs soaring by 7.8% annually. Now, housing costs are usually a lagging indicator when it comes to inflation, but this time they're making a big impact. Dr. Sturtevant points out that the Fed doesn't have the right tools to tackle these high housing costs effectively. She explains that higher rates did cool down housing demand initially, but because rates went from super low to higher in a short span of time, it also limited the housing supply as homeowners held onto their properties instead of listing them for sale. Whoops!

So, how does all of this affect the real estate market? Well, the increase in housing costs has been a significant factor contributing to elevated inflation levels. As housing prices continue to rise, it puts pressure on homebuyers and renters, impacting affordability. With the Fed signaling further rate hikes, it could potentially lead to higher mortgage rates, making it more challenging for prospective buyers to enter the market. Additionally, limited housing supply due to homeowners holding onto their properties could create a shortage, driving prices even higher.

Real estate experts are closely watching the Fed's decision-making process. They believe that addressing the issue of housing costs is crucial to effectively managing inflation and maintaining a balanced real estate market. As the Fed continues to navigate the path of rate hikes and inflation management, it will be interesting to see how the real estate market responds and adjusts to these changing dynamics.

In conclusion, the latest drop in U.S. inflation provides some positive signs for the economy. However, inflation still remains above the desired target, and the Fed's decision to resume rate hikes could have implications for the real estate market, particularly in terms of affordability and housing supply. The real estate industry awaits further developments and hopes for effective measures to address the impact of housing costs on inflation.

FAQs

1. What is the current inflation rate in the United States? The current inflation rate in the United States is 3%, according to the latest Consumer Price Index (CPI) report.

2. What does core inflation mean? Core inflation refers to the measure of inflation that excludes the more volatile prices of food and energy. It gives a clearer picture of underlying inflation trends.

3. Will interest rates continue to rise? While the Fed took a pause on rate hikes, they have indicated that at least two more rate hikes are likely to happen before the end of the year.

4. How does housing contribute to inflation? Housing costs, such as shelter expenses, play a significant role in overall inflation. The increase in housing costs contributes to the inflation level.

5. How does inflation affect the real estate market? Elevated inflation, particularly driven by housing costs, can impact the real estate market by affecting affordability for homebuyers and renters. It may also influence mortgage rates and housing supply, leading to potential price increases and supply shortages.ng housing supply.

U.S. inflationConsumer Price Index (CPI)Federal Reserve real estate marketHousing costsAffordability
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Maureen Mahood

Maureen Mahood is the broker/owner of SellYourHomeCharlotte a Real Estate firm dedicated to helping people in the Charlotte Area buy and sell property. She has served hundreds of people and maintains a 5 star rating. Maureen is a negotiations expert and a digital marketing expert.

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"It was a pleasure working with Maureen to sell my home."

"Maureen is knowledgable of the real estate sales process and the Windsor Park neighborhood. Maureen was instrumental in researching and determining the sales price, staging the home, coordinating seller's concession repairs, and keeping me informed during the closing process. I highly recommend Maureen"

- Kenneth Flynn

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"She is highly responsive and will go above and beyond. We had a very positive experience and sold our house quickly and over asking price."

- Heather and Curtis Stickney

"Maureen is the best!"

" She was knowledgeable, direct and really helped us as first time sellers to understand the process. She was always quick to respond to any questions we had and helped us get under contract faster than we thought possible! Highly recommend her for your real estate needs!"

- Abigail Baet

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Sell Your Home Charlotte

6300 Thelo Dr

Charlotte NC 28212

Maureen Mahood, Realtor

(704) 621-3066 Mobile

maureen@sellyourhomecharlotte.com
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