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In this Real Estate News Brief for the week ending August 26th, 2023\u2026 tough talk on inflation from the Fed Chief, when and why we might see a surge in home prices, and what Texas is doing to manage a booming economy north of Dallas. \xa0 We begin with economic news from this past week and comments from Fed Chief Jerome Powell. He delivered the keynote address at the Kansas City Fed\u2019s annual retreat in Jackson Hole, Wyoming. He reiterated previous sentiments about making progress on inflation, but says it\u2019s still too high and the central bank plans to \u201ckeep at it until the job is done.\u201d He said: \u201cWe are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective\u201d \u2013 which is 2%...\xa0 \xa0 ...The North Texas area is becoming a global technology hub as semiconductor companies move into the area. That\u2019s creating tens of thousands of jobs, and with all those jobs, a surge in housing demand. We are capitalizing on this opportunity at RealWealth with a North Dallas Rental Fund for accredited investors. You can find out more about this fund at growdevelopments.com. \xa0 That\u2019s it for today. You can listen to past episodes and check for links to our news sources at newsforinvestors.com. You can also sign up for a free RealWealth membership while you are there to learn more about how and where to invest in real estate. And please remember to subscribe to this podcast, and leave a review! \xa0 Thanks for listening! Kathy Fettke \xa0 Follow Kathy on Instagram at: https://www.instagram.com/kathyfettke/ Purchase Kathy\u2019s audiobook on Audible at: https://tinyurl.com/retirerichaudible \xa0 Links: \xa0 1 - https://www.marketwatch.com/story/powell-unsure-of-the-need-to-tighten-further-b43a9d18?mod=federal-reserve \xa0 2 - https://www.marketwatch.com/story/jobless-claims-drop-to-3-week-low-of-230-000-still-no-sign-of-rising-u-s-layoffs-1f1411f6?mod=economic-report \xa0 3 - https://www.marketwatch.com/story/u-s-home-sales-fall-in-july-as-rates-rise-and-listings-fall-33b79a54?mod=economic-report \xa0 4 - https://www.marketwatch.com/story/u-s-new-homes-sales-rise-4-4-in-july-533ab184?mod=economic-report \xa0 5 - https://www.freddiemac.com/pmms \xa0 6 - https://markets.businessinsider.com/news/commodities/housing-market-outlook-recession-home-prices-mortgage-rates-fannie-mae-2023-8 \xa0 7 - https://finance.yahoo.com/news/house-prices-wont-fall-ndash-195516944.html \xa0 8 - https://www.rentcafe.com/blog/rental-market/market-snapshots/new-apartment-construction/
9 - https://www.bizjournals.com/dallas/news/2023/08/18/txdot-greg-abbott-115-billion.html