Alan Polson

Alan Polson The views shared here are my own. Senior Loan Officer

Housing construction slowed in May due to continued builder backlogs, supply chain delays, and rising mortgage rates. Ho...
06/16/2022

Housing construction slowed in May due to continued builder backlogs, supply chain delays, and rising mortgage rates. Housing starts fell 14.4% month-over-month to a seasonally adjusted annual rate of 1.55 million. Building permits fell 7% month-over-month to a seasonally adjusted annual rate of 1.70 million. The expectation with higher rates is that more homes will be available on the market, so construction is understandably preparing.

In June, the Federal Reserve decided to raise the benchmark interest rate another 75 basis points, or 0.75%. The aggress...
06/15/2022

In June, the Federal Reserve decided to raise the benchmark interest rate another 75 basis points, or 0.75%. The aggressive hike likely comes as a response to last week’s Consumer Price Index revealing that inflation is at a 40-year high. While this hike may seem intimidating to borrowers, it could help curb inflation faster.

After the Federal Open Market Committee voted to raise the federal benchmark interest rate by 0.5% in May, what can you ...
06/13/2022

After the Federal Open Market Committee voted to raise the federal benchmark interest rate by 0.5% in May, what can you expect from its decision this week? Read here: http://spr.ly/6187zbcDT

In May, the consumer price index saw a 1% month-over-month and 8.6% year-over-year increase, reaching the highest level ...
06/10/2022

In May, the consumer price index saw a 1% month-over-month and 8.6% year-over-year increase, reaching the highest level since 1981. On the other hand, the core CPI reported a lower level in May.

This week, the consumer price index is scheduled for release and will reveal data on May’s levels of inflation. Here’s w...
06/06/2022

This week, the consumer price index is scheduled for release and will reveal data on May’s levels of inflation. Here’s what we know: http://spr.ly/6188zXcBG

In April, U.S. construction spending rose 0.2% month-over-month and 12.3% year-over-year to a seasonally adjusted annual...
06/01/2022

In April, U.S. construction spending rose 0.2% month-over-month and 12.3% year-over-year to a seasonally adjusted annual rate of $1.74 trillion. As builders are working to replenish housing inventory, residential construction spending saw a 0.9% month-over-month increase to a level of $891.5 billion.

The 20-city Case-Shiller Home Price Index reported a monthly increase of 2.4% in March. Craig Lazzara, managing director...
05/31/2022

The 20-city Case-Shiller Home Price Index reported a monthly increase of 2.4% in March. Craig Lazzara, managing director at S&P DJI comments “although one can safely predict that price gains will begin to decelerate, the timing of the deceleration is a more difficult call.”

Market-moving reports scheduled for release this week include the 20-city Case-Shiller home price index and the U.S. con...
05/30/2022

Market-moving reports scheduled for release this week include the 20-city Case-Shiller home price index and the U.S. construction spending report. Read here: http://spr.ly/6181zTql5

In April, the pending home sales index fell 3.9% month-over-month to a two-year low. According to Lawrence Yun of NAR, i...
05/26/2022

In April, the pending home sales index fell 3.9% month-over-month to a two-year low. According to Lawrence Yun of NAR, if mortgage rates stabilize roughly at the current level and job gains continue, home sales could also stabilize in coming months.

As high construction costs and rising mortgage rates are dissuading home buyers, new home sales dropped in April. Though...
05/24/2022

As high construction costs and rising mortgage rates are dissuading home buyers, new home sales dropped in April. Though the report saw a large decrease, it’s important to keep in mind that new home sales account for only about 10% of total residential real estate transactions.

This week, the new home sales report is scheduled for release on Tuesday, followed by the pending home sales index on Th...
05/23/2022

This week, the new home sales report is scheduled for release on Tuesday, followed by the pending home sales index on Thursday. Here’s what we know: http://spr.ly/6182zPF4q

Though existing home sales reported a 2.4% month-over-month decline in April, existing home inventory was able to furthe...
05/19/2022

Though existing home sales reported a 2.4% month-over-month decline in April, existing home inventory was able to further recover – climbing to a level of 1.03 million. This level is 10.4% higher than the existing home inventory in March.

Address

7047 E. Greenway Pkwy. , Suite 180
Scottsdale, AZ
85254

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
Thursday 9am - 5pm
Friday 9am - 5pm

Telephone

(602) 430-7840

Website

Alerts

Be the first to know and let us send you an email when Alan Polson posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Alan Polson:

Shortcuts

Share

Category