Buying Real Estate in the Metaverse – And Inflation Data

Filed under: Market Comentary

To start on a much lighter note: did you know that you can buy real estate in the Metaverse already? I recently saw an interview with Mark Cuban and they were talking about how there is a piece of land next to Snoop Dog’s property that you can buy for $458,000 in the Metaverse.

I’m going to sound old for saying this, but who wants to buy land in the Metaverse? Welcome to blockchain! I don’t even know what to say about it. Until I can wrap my head around this topic in a bigger way, I’m not personally interested in this purchase.

I share this as an entertainment point… we don’t do loans on Metaverse!

Inflation Updates

Another point to discuss is the new inflation reports that came out today.  I know you are probably sick of me talking about this topic, but it’s the main driver that is affecting the increase in interest rates. This morning, we saw a bit of reprieve, but we still have a long way to go. But today was unexpectedly a little lower, which is the first time in awhile that we got a read that wasn’t higher than expected.

The headline number shows that inflation is up over 8%. Obviously, we are still all feeling it. But seeing any kind of reprieve is good!

Peak Inflation Won’t Happen for a Few Months

I will reiterate at this point that we aren’t expected to see peak inflation for a few months. We are anticipating that August and September’s reports to be a little dicey, but hopefully things will start to balance out after that point.

We will see what happens! I’ll keep my eye on the inflation trends and other factors that are affecting interest rates and the real estate market – and I’ll continue sharing updates each week. Plus, you can always contact me if you have questions or need personal recommendations for buying or refinancing a home. I’m here to help!

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