Weekly Market Observations - January 1, 2025
Wednesday, January 01
Here’s Our Weekly Market Observations : The Fed cut rate by 0.25% while hinting at fewer rate cuts in 2025Existing single-family home sales up 4.8% in November and 6.1% YOYHome sales prices up 4.7% YOY to $406,100Housing inventory increases 8.6% YOY, from 3.5 months to 3.8 monthsAverage 30-year f...
Weekly Market Observations - December 19, 2024
Thursday, December 19
Here’s Our Weekly Market Observations : The Fed is expected to make it's 3rd consecutive rate cut this weekNearly 90,000 build-to-rent units under constructionAverage 30-year fixed mortgage down slightly to 6.60%
Weekly Market Observations - December 12, 2024
Thursday, December 12
Here’s Our Weekly Market Observations : The U.S. has seen 47 months of consecutive job growth, the third-longest since 1939Pending home sales increased 2% in October and 5.4% YOYNew home sales decreased by 17.3% in October but increased 2.1% YOYAverage 30-year fixed mortgage down slightly to 6.69%
Weekly Market Observations - December 4, 2024
Wednesday, December 04
Here’s Our Weekly Market Observations : Pending home sales increased 2% in October and 5.4% YOYNew home sales decreased by 17.3% in October but increased 2.1% YOYAverage 30-year fixed mortgage up again to 6.81%
Avoiding a Life-Changing Mistake
Monday, December 02
Have you ever felt like giving up on something you really wanted? I almost made that mistake on my first real estate deal. It was the last house on my list, and I almost skipped it. After three months of door-knocking with nothing to show, I was exhausted. But out of discipline, I walked up to t...
Weekly Market Observations - November 27, 2024
Wednesday, November 27
Here’s Our Weekly Market Observations : Existing single-family home sales are up 3.4% in October and 2.9% YOYHome sales prices increased 4% YOY to $407,200Housing inventory increased from 3.6 months to 4.2 months YOYAverage 30-year fixed mortgage remains flat at 6.78%