Home365 GA, LLC

1. April Existing Home Sales fell unexpectedly 3% from March, but were 34% higher than a year ago and 11% higher than April 2019. 2. The Median Existing-Home Price jumped 19% from last year to a record level of $341,600. 3. The number of homes for sale was 21% lower than a year ago and represents just a 2.4-month supply nationally.... 4. April Housing Starts fell 10% from March, but March Housing Starts were at the strongest level since 2006 and April starts were 67% higher than a year ago. 5. April Building Permits were up slightly from March and 61% higher than a year ago. 6. The National Association of Home Builders reports that builder confidence was unchanged in May from April and still near all-time high level.

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1. Fannie Mae’s latest National Housing Survey indicated that 67% of respondents viewed the present as a good time to sell a home, up 8% from March. 2. Hot off the reopening of the economy, the April Core Consumer Price Index (CPI) jumped .8% from March, well above the consensus forecast of .2%. 3. April Retail Sales were flat, which was actually fantastic news since the March figures were so strong. 4. Great news for self-employed buyers as there is again a mortgage alternat...ive that does not require tax returns nor literally any traditional income documentation. 5. Shelter's "SmartSelf" program allows self-employed buyers' income to be calculated exclusively from bank statement deposits rather than tax returns. 6. The program requires only 10% down with no PMI, credit scores as low as 620, up to 15 financed properties, and a Bankruptcy or Foreclosure as recent as only two years See more

1. The economy added 266K jobs in April, which would normally be considered massive, only that 1M were expected this month. 2. The shortage was due to mismatches in job openings and available workers, distorted seasonal adjustments, and temporary supply chain disruptions. 3. The Unemployment Rate increased from 6.0% to 6.1%.... 4. Average Hourly Earnings, an indicator of wage growth, rose .7% from March and .3% from last year, well above the consensus for a flat reading. 5. According to the National Association of Home Builders, rising lumber prices have added $35,872 to the price of an average new single-family home. 6. Great news for mortgage rates, Fed Vice Chair Clarida commented that he doesn't think now is the right time to begin talking about scaling back the Fed’s bond purchase program.