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Market Snapshot 5/21/24- Another Quiet Week

Good Tuesday morning, from your Hometown Lender,

This is another quiet week regarding economic data/news.

The biggest data today was the Canadian CPI came in a bit below forecast. You can see how deep I had to stretch to get something to write about. The Canadian CPI does in fact have some relevance as the Bank of Canada is poised to cut rates at the next meeting. That will indirectly put some pressure on the Fed to cut as well.

Property values in Texas and Florida are starting to soften.

The graph below tells a great story on why. Supply and demand are always the reason.

Stay safe and make today great!