The Lurie Group
Inflation, Interest Rates, Stock Markets and More

Inflation, Interest Rates, Stock Markets and More

  • Alexander Lurie
  • July 20, 2023
The June inflation readings came out last week, with a substantial drop in the overall index, and a more modest decline in the "Core-CPI" index:

Inflation chart comparing monthly CPI-All Items and Core-CPI year-over-year changes from January 2021 to June 2023.

Today's weekly average 30-year interest rate reading climbed from last week (but will not reflect any reaction to the new inflation report), but the daily average interest rate illustrated in the 2nd chart below, had a significant, if preliminary, reaction to yesterday's CPI:  Falling almost a quarter point in 2 days. 

Chart of weekly 30-year mortgage rates from January 2022 to July 2023, rising from 3.2% to nearly 7%.

Chart of daily 30-year fixed mortgage rates from February to July 2023, with annotations on major events.

So far, stock markets have reacted very positively to the new inflation report:

Chart of 2023 Nasdaq and S&P 500 gains, ending at +36% and +18%, respectively.

The latest monthly overview of the national real estate market from the U.S Department of Housing & Urban Development:  Link to Report 
 
 
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Meet Alexander

Meet Alexander Lurie

Alexander Fromm Lurie is a highly accomplished San Francisco real estate professional and the leader of The Lurie Group, a top-performing team recognized among the top 1% of agents in the city. With over a decade of experience in the real estate industry and California DRE License #01952347, Alexander has built a reputation for delivering exceptional results, with hundreds of homes sold and over $1 billion in total sales volume. Born and raised in San Francisco, he brings deep local expertise, generational knowledge of the Bay Area, and a strong connection to the community into every client relationship. His approach goes beyond transactions—focusing on helping clients build meaningful connections to neighborhoods, schools, and local culture while navigating the buying or selling process with confidence.

Alexander’s background in management consulting and entrepreneurship further strengthens his strategic approach to real estate, allowing him to provide clients with a competitive edge in pricing, negotiation, and marketing. Known for his integrity, discretion, and client-first mindset, he continues to be a trusted advisor for buyers, sellers, and investors across San Francisco’s dynamic real estate market.

Alexander Lurie

Founder | Real Estate Advisor
LICENSE NUMBER
01952347
ADDRESS
629 Divisadero Ave, San Francisco, CA 94117

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