The weekly briefing for owners who plan to stay independent.

Both jaws closed harder — and a buyer's market is forming underneath

1. Mortgage rates hit a one-year high of 7.23% — the demand ceiling keeps rising
2. Diesel set another record at $6.43 and gas hit $4.47 — the fuel squeeze deepened
3. The new signal: housing inventory hit a 10-year high — a buyer's market is forming under the freeze
4. The remodeling base is holding at a record ~$524 billion — but growth is slow and waiting on a thaw
5. Now historic: no Atlantic hurricane by late September — the first time since 1914