who want to go out and purchase a home right now? sure. so right now there is a lot of analysis paralysis. a lot of information out there and buyers and sellers really don t know what to do and the market is showing that. obviously some markets cooling. you look at san francisco and seattle down 10% from peak. where they look at markets, they are still up 0% from march of 2020. so, naturally, you know, real estate as we know is cyclical. stocks are somewhat cyclical as well. we can t expect home prices to continue to go up and up and up. we have seen these decreases but, next year for 2023. we are going to have what i call the year of normalcy. we should expect price gains to continue but not these like 10, 20, 30%. not these double dignity increases but instead a normal markets of anywhere from 5 to maybe 8%.
9%, 10%. so, if you are a seller right now and if you truly think that, you know, maybe you are not going to be able to make money. you are freaking out. something like that. it might be a good time to sell because, in most markets, you re still able to make a substantial amount of money because we have seen price gains for so long. the past two, two and a half years. lisa: we had the fed chairman talking about how we would see this difficult reset in the housing market. is that what we are seeing or what are you seeing? so, of course, you know, if you look at mortgage rates, i mean, it s been a wild ride. the past year, year and a half, we have seen under 3 percent for a 30 year fix and seen over 7% for a 30 year fixed. right now looking at anywhere from 6.2 to 6.3 for a 30 year fix and the national association of realtors expects next year to see about 5.7 towards the middle to the end of next year. i even think that we might see
it s the fifth straight month of cooling price gains. it s the lowest rate all year. month over month core inflation which excludes food and energy is at a 15-month low. it s too early to declare victory. we don t know how long the trend be will continue nor how long it will take to get down to 2%. inflation is still hot in some parts of the economy, especially food. we ve seen rapid price gains for eggs, butter, flour among other things. rent is another sore spot. it s funny if you had told me two years ago that wall street and the white house would be celebrating 7% inflation, i wouldn t have believed it. in any other time in the last seven years this would be a terrible number. everything is relative. inflation was above 9% and the trend is going in the right direction. this is good news for families suffering from high inflation. it s good news for the federal reserve which has been pulling out all of the stops to get
resources as well. to garrett and munitions susan enjoys, thanks so much for starting us off. breaking news today. another monthly inflation report that beat expectations. showing inflation cooling a year over year. the rate of price increases last month slowing down. the markets hoping that means a smaller rate increase this month from the fed. the nbc senior market correspondent dominic there are two big questions now. do you expect the turn to continue? is what the fed has been doing finally working. and how does this impact what chairman powell may decide to do in next week before the christmas break? it s tomorrow. that s your decision. they re starting their deliberations today. then you ll have the decision andra to your point tomorrow. it s a looming ever larger the markets overall. this news, as you point, out is good news for the american consumer. we are talking about inflation that s running at the highest pace in four decades. we need some relief. the year over year
it s also under pressure to help americans hit price gains for everything from gasoline to food. it s phenomenal that he goes to saudi arabia begging for oil and people in europe are begging him to turn the spigot back on. absolutely and part of the problem with the saudis is that the president is trying to revive the very bad iranian nuclear deal. the saudis feel threatened and they don t feel they have a friend in the white house. therefore, they re looking out after their own interests. in so far the friends in europe, it s going to be a very cold, dark winter because they of course went down the path of green energy. the germans were tired several nuclear power plants. that they are retired almost all of their coal fired facilities as well. how in the heck are they going to keep warm? russian natural gas, they don t get that anymore. they are importing things like wood pellets from america. it s been when i got to go here,