PCE Inflation Nears 3%: Will This Change The Fed’s Next Move? | January 23, 2026

On today’s Hot Sheet, Byron Lazine discussed the October-November PCE report, consumer distrust of real estate investors, and Zillow’s forecast for the next 12 months….

On today’s Hot Sheet, Byron Lazine broke down the October and November PCE report from the U.S. Bureau of Economic Analysis, showing personal income gains of $30.6B and $80.0B as core PCE inflation held at 0.2% monthly and 2.7%–2.8% year over year.

He also reviewed new Winter 2026 luxury market rankings from Realtor.com® and The Wall Street Journal, where Detroit ranked No. 1 with a $679,846 luxury entry point versus a $1.19M national threshold.

For today’s third topic, Byron unpacked Clever Offers survey data showing 32% of Americans distrust real estate investors, 73% blame them for housing affordability issues, and 79% support tighter regulation.

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