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The Real Estate News Brief: Condo Comeback, Wildfire Risk Tool, Low-Tax States

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Sinopsis

In this Real Estate News Brief for the week ending May 28th, 2022... you’ll hear about the “condo comeback,” a new wildfire risk assessment tool for your properties, and which states can save you the most money on taxes. 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 bit of good news about inflation. The Federal Reserve’s preferred method for tracking inflation shows that price growth could be slowing down. The Personal Consumption Index or PCE rose only .2% in April. That brings the annual rate down from 6.6% in March to 6.3% in April. As reported by MarketWatch, it was the first time we’ve seen a pullback in a year-and-a-half. (1) The PCE is considered to be more accurate than the Consumer Price Index or CPI because it factors in additional criteria such as consumers substituting expensive products for cheaper ones. The latest CPI shows an annual inflation r