Today’s News Synopsis:

A recent report from GoBankingRates showed which cities are seeing the cost of living increase the most.  In addition, Realtor.com released its own list of the top cities where homes listed at $1 million and more are increasing.  Fannie Mae just released their economic and housing outlook report for the month of June, and they expect growth to continue 2% this year.

In The News:

Realtor.com – “Million-Dollar Housing Boom: Cities Where Seven-Figure Listings Have Skyrocketed” (6-19-2017)

“Time was, a million dollars seemed to evoke so much to everyday Americans.”

Freddie Mac – “Freddie Mac Foregoes Issuing a Reference Notes Security on its June 19, 2017 Announcement Date” (6-19-2017)

“Freddie Mac (OTCQB: FMCC) announced today that it will forgo issuing a Reference Notes^® security on its June 19, 2017 announcement date. The company’s 2017 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.”

Bloomberg – “Less Stressful Tests Seen Boosting U.S. Bank Payouts $30 Billion” (6-19-2017)

“The stress of stress tests may be over. At least for now.  After seven annual exercises in which at least one U.S. bank failed, all of the nation’s 34 largest lenders will probably pass this year’s Federal Reserve exam when results are revealed this week and next.”

National Real Estate Investor – “How Will the Amazon-Whole Foods Deal Affect Retail Real Estate?” (6-19-2017)

“The proposed $13.7 billion acquisition of organic grocery retailer Whole Foods Market by e-commerce giant Amazon holds the potential to upset the grocery cart, so to speak.”

Go Banking Rates – “The Cost of Living Is Quickly Rising in These 10 US Cities” (6-19-2017)

“American household debt totaled a record $12.73 trillion as of March 2017, so cost of living concerns are more pertinent than ever.”

Fannie Mae – “Economic Growth Rebound Is in the Cards, but Fiscal and Monetary Policy Could Shuffle the Deck” (6-19-2017)

“The current economic expansion, now entering its ninth year, is forecast to continue, with full-year growth at 2.0 percent for 2017, according to the Fannie Mae Economic & Strategic Research (ESR) Group’s June 2017 Economic and Housing Outlook.”

CNBC – “Americans are really optimistic about the economy, but it’s no longer helping Trump: CNBC survey” (6-19-2017)

“Economic optimism in the United States is surging, according to the latest CNBC All-America Economic Survey, with several key components hitting all-time highs, but it’s not helping the president.”