A quick look at the markets for the week ending July 12, 2024 ‌ 

Consumer inflation data in June saw core prices rise 0.1%, the smallest gain since August 2021, supporting Fed policy rate cuts later this year.
In his remarks to Congress, Fed Chair Powell acknowledged the labor market is showing signs of softening, also supporting Fed policy rate cuts.
Applications for unemployment dropped more than expected last week to the lowest level since late May but still came in at 222K for the week.
  
Realtor.com reported 2 buyer-friendly shifts in June: continued rising inventory and 2 days longer on the market for median homes.
Single-family rents have risen by 39.6% since the pandemic began in March 2020 and are showing signs of increasing further.
The median gross income for Realtors with at least 16 years of experience rose from $80,700 in 2022 to $92,500 in 2023, according to the NAR.
  
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