ratings downgrades – Gate House Strategies LLC

Housing Market Recap (excerpted from Gate House’s weekly note to clients)

September 7, 2023September 1, 2023

As mortgage rates hit a 22-year high and existing homeowners continue to stay in their homes, new single family home sales hit a 17-month high in July, according to HUD and U.S. Census Bureau data. Last month’s data recorded a seasonally adjusted annual rate of 714,000 new single-family home sales, up 4.4% from the revised … Read More

Housing Market Recap (excerpted from Gate House’s weekly note to clients)

September 7, 2023August 18, 2023

The Fed will be in Jackson Hole next week, where Chairman Jay Powell is expected to speak following the inflation read last week: CPI registered 3.2% through July, and was up a modest .2% from last month, though core inflation is still elevated in the high 4s. Many believe the moderation has validated the Fed’s posture. Continued U.S. economic strength extending into Q3, however, adds further uncertainty to … Read More