Housing Is Still Moving

This week’s market update breaks down the inflation data, what it means for interest rates, and why the housing market continues to show resilience. Core inflation rose only 0.21% for the month, and most of that increase came from shelter and airline fares. Existing home sales also came in stronger than expected, rising 3.2% from April and 3.2% from last year. The takeaway: rates are still volatile, but buyers are active, inventory is improving, and good homes are still selling.