Hi Friends,
Happy Summer! In between trips to the beach, walks in the park, and playing with my sweet, sweet granddaughter, I keep up with what is going on in the Real Estate Market. One of my favorite resources is Steven Thomas with Reports on Housing.
Steven is a quantitative economist. He looks at every data point available to see how it might influence the housing market. He looks at inflation, CPI (consumer price index), PCE (personal consumption expenditures), unemployment, as well as the job openings, basically all the factors the Federal Reserve looks at when deciding whether to raise or lower interest rates. Good news! Based on the most recent economic indicators, we could see mortgage rates drop as early as the end of this month! If not then most likely in September.
If you have been waiting on the sidelines for things to start moving, your time is coming! Here is Steven himself giving you all the facts. My take on his report is that if you would like to buy a home, get into position to do that as soon as possible. Once those rates drop, all the buyers who have been waiting will jump back in and the competition will be fierce. If you want to sell your home, start prepping it now. Be ready when all those buyers come knocking in a couple of months.
If you need help with either of those projects, hit reply and let’s get started!
So many good things to come,
Diana
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