In this weeks COVID-19 housing market update, from Realtor.com, Senior Economist George Ratiu talks about increased volatility in activity and data as we move toward a new normal. He covers the drop in May retail sales, which was led by fewer sales of cars and trucks. He also discusses the rise in wholesale prices which is translating into higher inflation. George also talks about the rebound in industrial production and the surprising increase in unemployment insurance claims. With rising prices and strong inflation weighing on consumers and financial markets, George mentions the Federal Reserve’s announcement that it will likely speed up its rate increase schedule.