07/13/2026
Houses are getting too expensive to actually buy, the Fed is assembling a nerd task force to figure out why, and the job market is officially playing hard to get."
Here is your market review for the week of July 6, 2026:
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๐ถ๐๐๐ถ๐ป๐ด ๐๐ผ๐บ๐ฒ ๐ฆ๐ฎ๐น๐ฒ๐ ๐๐ฎ๐๐ฒ: June sales slipped 2.4% to a 4.09M annual rate, but remain ~3% higher than last year. The market remains historically undersuppliedโif demand accelerates, prices will likely push higher.
๐๐ผ๐บ๐ฒ๐ผ๐๐ป๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐๐๐ถ๐น๐ฑ๐ ๐ช๐ฒ๐ฎ๐น๐๐ต: Prices rose 0.6% from April to May. Forecasts predict a 4.8% increase next year, reinforcing real estate as a strong long-term investment.
๐๐ฒ๐ฑ'๐ ๐ก๐ฒ๐ "๐-๐ง๐ฒ๐ฎ๐บ": Fed Chair Kevin Warsh launched five task forces to modernize data gathering, communication, and economic evaluation. Recommendations are expected by year-end.
๐๐ฎ๐ฏ๐ผ๐ฟ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐ป๐ฎ๐ฝ๐๐ต๐ผ๐: Initial unemployment claims held at 215,000, but continuing claims remain elevated at 1.814M. Initial filings are low, but unemployed workers are taking longer to find jobs.
๐ช๐ต๐ฎ๐ ๐๐ผ ๐ช๐ฎ๐๐ฐ๐ต: Brace for major inflation data this week, including June's CPI (Tuesday), PPI (Wednesday), plus Pending Home Sales and Retail Sales (Thursday).
Full Article: https://mbshighway.com/hwapp/app/live-share/newsletter/?articleID=6a50fd2ff08693da1bfc4f48&loId=Wl7i5ebJ8zDEmROFb4zqSlHPit7dsSLIIKO6LpUIt2kHvSVTm6V6MY89QPmO7TGv