Published September 29, 2022
Market update for August 2022
CLICK: Great blog about our local market
Inflation & Interest Rates
Price Pressure Remains High - US Inflation rose 8.3% in August
"Inflation remained uncomfortably rapid in August despite a decline in gas costs as prices continued to soar across a broad array of other goods and services, evidence that the sustainable slowdown the Federal Reserve and White House have been hoping for remains elusive.
Prices rose 8.3 percent from a year earlier compared with 8.5 percent in July, a fresh Consumer Price Index report released Tuesday showed, a still-rapid pace of increase and not as much of a moderation as economists had expected. The disappointing data came even as falling gas prices pulled inflation lower, with rapidly rising costs for rent, health care, restaurant meals and goods such as furniture offsetting the relief consumers were feeling at the fuel pump."
- Jim Tankersley with New York Times
Education Corner: First Time Home Buyer
Top 8 reasons to own a home
1. Pride in Ownership
2. Appreciation
3. Mortgage Interest Rate Tax Deductions
4. Property Tax Deductions
5. Capital Gaiins Exclusion
6. Preferential Tax Treatment
7. Mortgage Reduction Builds Equity
8. Equity Loans
Featured Listings
*FOR SALE
5650 Hollyberry Ln, Placerville, Ca 95667 - $949,000
2 Homes 1 Lot - 5 Usable Acres- Listed By: John Hayes - Owen Taylor
Property Website
*FOR SALE
