Mike Sherer, Loan Officer with CMG Home Loans, NMLS ID# 210679

06/18/2026

How is Gen Z reshaping the path to homeownership? 🏘️
From living with family to save for a down payment to exploring alternative housing options, this generation is taking a pragmatic approach to building wealth through homeownership.
See how today’s youngest home buyers are making it happen:
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06/16/2026

When's the last time you checked your credit report? The Consumer Financial Protection Bureau suggests checking your credit reports once a year, at a minimum. You can get your reports for free every week from the three major credit bureaus by using AnnualCreditReport.com

06/15/2026

Ready to make a splash this summer? Whether you’re dreaming of a backyard for summer BBQs, more space for entertaining, or finally finding a place to call your own, this could be the perfect season to start your homeownership journey. Let’s dive in!

06/15/2026

🏡 Energy Fuels Inflation, Home Sales Improve
Week of June 8, 2026 in Review

Last week's economic reports highlighted two important themes: inflation remains elevated due largely to higher energy costs, while the housing market continues to show resilience as existing home sales reached their strongest pace of the year.

🔥 Energy Costs Push Inflation Higher

Inflation accelerated in May as rising gasoline and fuel prices continued to impact consumers and businesses.

Key inflation readings included:

📈 Consumer Price Index (CPI)
• +0.5% for the month
• +4.2% year-over-year

📈 Core CPI (excluding food and energy)
• +0.2% monthly
• +2.9% annually

At the wholesale level:

📈 Producer Price Index (PPI)
• +1.1% monthly
• +6.5% year-over-year

While core inflation remains more moderate, energy costs continue to create upward pressure across the economy.

🏦 What It Means for Rates

The Federal Reserve continues balancing its dual mandate:

⚖️ Fighting inflation
⚖️ Supporting employment

Persistent inflation generally argues for higher rates, while signs of labor market weakness can support future rate cuts.

This week's Federal Reserve meeting will be especially important as investors hear from new Fed Chair Kevin Warsh following his first policy meeting.

🏡 Existing Home Sales Reach Best Pace of 2026

The housing market delivered encouraging news.

✅ Existing Home Sales rose 3.2% in May
✅ Annual sales pace reached 4.17 million homes
✅ Strongest pace since December
✅ Inventory increased to 1.55 million homes

More inventory is creating additional opportunities for buyers while helping ease some of the supply constraints that have challenged the market for years.

According to NAR Chief Economist Lawrence Yun, improving affordability and mortgage rates that remain below year-ago levels are helping support buyer activity.

👷 Labor Market Update

Jobless claims increased modestly:

• Initial Claims: 229,000
• Continuing Claims: 1.795 million

While layoffs remain relatively limited, elevated continuing claims suggest many job seekers are taking longer to find new employment.

Looking Ahead

This week's key reports include:

📊 Federal Reserve Meeting
📊 Builder Confidence
📊 Housing Starts
📊 Pending Home Sales
📊 Retail Sales

Markets will be watching closely for signals on future interest rate policy and the direction of the economy.

Bottom Line

The housing market continues to show resilience despite inflation concerns and economic uncertainty. Rising inventory, improving affordability, and stronger sales activity suggest buyers remain engaged and opportunities continue to emerge.

06/12/2026

Sure, renting gives you a place to live… but homeownership gives you a place to grow 🌱
Building equity, creating stability, personalizing your space, and making lifelong memories are just a few of the reasons so many people dream of owning a home.
Swipe through to see why homeownership matters ➡️

06/11/2026

Ready for a financial glow-up? ✨
From budgeting smarter to building your down payment fund, a few financial wellness habits today can help set you up for homeownership tomorrow. 🏡
Check out some tips to strengthen your finances this summer:
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06/10/2026

06/10/2026

Every home buyer deserves a hype team! 📣 🤸‍♀️
When you work with a trusted REALTOR® and lender, you can expect trusted guidance, strong communication, and support through every twist and turn of the homeownership journey.
We’re here to cheer you on all the way to closing day 🥳

06/09/2026

It’s time to level up your summer! 🏖️ ☀️
With our own Private Label Security (PLS), we can help you avoid increased fees and offer a better price on your second home or investment property loan. Ready to dive in? Contact me today!

06/08/2026

🏡 Jobs Data and Home Price Forecasts Signal Strength
Week of June 1, 2026 in Review

Last week's economic reports delivered encouraging news for both the labor market and housing sector. Employment growth came in well above expectations, while home price forecasts continue to reinforce the long-term value of homeownership.

👷 Jobs Report Beats Expectations

The U.S. economy added 172,000 jobs in May, significantly exceeding expectations of approximately 85,000.

Additional positives included:
✅ March and April payroll revisions added another 93,000 jobs
✅ Unemployment held steady at 4.3%
✅ Three-month average job growth increased to 188,000

These numbers suggest the labor market remains more resilient than many economists anticipated.

However, there were a few softer details beneath the surface:
• Full-time employment declined by 79,000
• Part-time employment increased by 266,000
• Long-term unemployment reached its highest level since 2021

📊 Broader Hiring Data Remains Positive

The ADP employment report also exceeded expectations with 122,000 private-sector jobs added.

Additional labor market highlights:
• Job openings increased from 6.9 million to 7.6 million
• Initial jobless claims remain historically low
• Hiring gains were spread across businesses of all sizes

While some labor market challenges remain, recent reports suggest conditions may be stabilizing after several months of slower growth.

🏡 Homeownership Continues Building Wealth

According to Cotality's latest Home Price Insights report:

📈 Home prices rose 0.4% from March to April
📈 Prices were 0.3% higher than one year ago

Perhaps more importantly, Cotality now forecasts 5.3% home price appreciation over the next 12 months.

To put that into perspective:

🏠 A $500,000 home appreciating by 5% would gain approximately $25,000 in value over one year.

While appreciation rates vary by market and future performance is never guaranteed, the report serves as another reminder of housing's long-term wealth-building potential.

Looking Ahead

Markets will focus heavily on inflation this week with:

📊 CPI (Consumer Price Index) – Wednesday
📊 PPI (Producer Price Index) – Thursday
📊 Existing Home Sales – Tuesday
📊 Weekly Jobless Claims – Thursday

These reports could significantly influence expectations for future Federal Reserve policy and mortgage rate movements.

Bottom Line

The labor market continues to demonstrate resilience, supporting consumer confidence and housing demand. Combined with positive long-term home price forecasts, the housing market remains positioned as an important wealth-building opportunity for many families.