The Fed’s Favorite Inflation Measure Leapfrogs the CPI
San Francisco Fed’s Daly: AI’s Future Is Job Augmentation and Creation, Not Destruction
Core Inflation Softens, but the Final Mile to 2% Remains Sticky
Australian Dollar Breaks Out As Economic Winds Blow Toward Rate Hikes
The Fed’s Labor Market Divide Is Hardening Against Rate Cuts
Home inventory in Orange County hasn’t been this low since 2005, Jon Lasner reports for the Orange County Register. According to local Realtor Steve Thomas, it would take 2.87 months for buyers to purchase all homes for sale at the current pace vs. 14.05 months two years ago.
Remember that massive “shadow inventory” of foreclosures that housing bears keep talking about? Where is it? Not in Orange County, evidently. Not in Las Vegas. Not in Bakersfield, Calif. Not in Sacramento either.
Dr. Duru