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In this Real Estate News Brief for the week ending July 1st, 2023... where we stand on inflation and rate hikes, how many homes we need to meet demand, and the amount of money Americans expect to need in retirement.   Hi, I'm Kathy Fettke and this is Real Estate News for Investors. If you like our podcast, please subscribe and leave us a review.   Economic News   We begin with economic news from this past week and a report on the Fed’s preferred inflation measure. The government released the latest CPI on Friday which shows the lowest rate of overall inflation since April of 2021. Prices rose a mere .1% which brought the annual rate down to 3.8%. That’s down from 4.3% in March. At the core level, inflation remains a little sticker. It omits food and energy, and shows a .3% price increase with an annual rate of 4.6%. (1)   The good news is that inflation is coming down, but maybe not fast enough to please the Fed. The central bank skipped a rate hike in June, but Fed chief Jerome Powell is hinting at the need