On today’s Hot Sheet, Byron Lazine discussed the May 2026 CPI and PPI reports, including the CPI-U rising 0.5% in May and headline inflation reaching 4.2%, while PPI final demand climbed 1.1% for a 6.5% annual gain.
He also covered NAR’s Existing-Home Sales report showing May sales up 3.2% to 4.17 million and a record-high May median price of $429,300, plus MBA data showing mortgage applications rose 10.8% as refinances jumped 15% and purchase applications increased 7%.
