Home Prices Outpace Inflation

Inflation numbers for last month are in at an increase of 0.3%, and a year-over-year level of 2.1%–matching exactly the prior month and in line with expectations.  Energy and transportation costs continue to rise 0.2% faster than the other measured sectors.  The consequential costs associated with driving all over the valley to show homes hasn’t deterred home sales however; Existing Home Sales are up 2.6% in June alone to 5.04M units moved.

It’s nice to be back at my desk after spending last week in the memorable-but-dusty middle of nowhere.  And honestly I can’t wait to get up to the mosquito-infested Uintas next week.