Learn what falling prices might mean! {Market Report} May 18th

I’m guessing I burn about 1,000 calories every time I try to put a fitted sheet on a bed by myself.

The best measure of a person’s honesty isn’t their income tax return. It’s the zero adjust on their bathroom scale.

Insomnia sharpens your math skills because you spend all night calculating how much sleep you’ll get if you’re able to “fall asleep right now.”

If you are at a job interview, tell them you’re willing to give 110 percent. Unless the job is a statistician.

Eggs are fantastic for a fitness diet. If you don’t like the taste, just add cocoa, flour, sugar, butter, baking powder and cook at 350 for 30 minutes.

Now The Market Report . . .

Consumer prices saw their largest drop ever in April, as the economy reeled from restrictions imposed to control the coronavirus. The CPI excluding food and energy fell 0.4%.

Producer prices also tumbled in April, the largest annual decline since 2015. The data could bolster some economists’ predictions for a brief period of deflation to come.

Initial jobless claims came in last week at 2.981 million. The number is down from 3.176 million the week before, the 6th straight weekly drop.

The number of loans in forbearance has continued to grow, reaching more than 4 million between the GSEs and FHA/VA/USDA. This doesn’t include jumbo or other privately held loan types.

Homebuilders are offering more discounts and free upgrades to attract buyers. Builders are hoping to move more inventory by sweetening the pot.

Despite the COVID pandemic and huge unemployment numbers, tenants are keeping up with their rent. More than 80% of renters nationally made a full or partial payment for the month of April.

“Working hard for something we don’t care about is called stress. Working hard for something we love is called passion.”
Simon Sinek

This week’s potential market moving reports are unavailable.

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