The Real Estate News Brief: Rate Cut Expectations, Home Price Switcheroo, California Tech Exodus
Description
In this Real Estate News Brief for the week ending July 19th, 2024... rate cut expectations grow after subtle comments from Fed officials, how new and existing home prices stack up against each other, and another big tech exodus from California.
Hi, I'm Kathy Fettke and this is Real Estate News for Investors. A brief reminder, I will be giving my 2024 Mid-Year Economic Update this Thursday, the 25th. It’s a free RealWealth webinar that I’ll be hosting with Economist John Chang. You can register at newsforinvestors.com. And remember to bring questions for our Q&A at the end!
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References:
1 - https://www.marketwatch.com/story/powell-says-he-will-not-send-any-signal-on-exactly-when-rate-cuts-might-commence-3f360f64?mod=federal-reserve
2 - https://www.cnbc.com/2024/07/18/treasury-yields-tick-higher-as-markets-digest-fed-official-comments.html
3 - https://www.marketwatch.com/story/leading-fed-official-says-he-still-wants-more-data-before-supporting-rate-cut-a86d2cac
4 - https://www.marketwatch.com/story/jobless-claims-jump-t0-243-000-and-match-nearly-one-year-high-9524a060?mod=economy-politics
5 - https://www.marketwatch.com/story/retail-sales-fall-flat-in-june-due-to-lower-gas-prices-and-auto-cyberattack-156282ee?mod=economy-politics
6 - https://www.marketwatch.com/story/more-builders-slash-home-prices-as-confidence-in-the-market-falls-to-seven-month-low-3d7fa8df?mod=economic-report
7 - https://www.marketwatch.com/story/housing-starts-post-bigger-than-expected-increase-in-june-1b470575?mod=economic-report
8 - https://www.freddiemac.com/pmms
9 - https://www.zillow.com/research/new-con-existing-price-34235/
10 - https://www.bisnow.com/national/news/office/elon-musk-says-space-x-x-moving-headquarters-out-of-california-125112
In this Real Estate News Brief for the week ending November 23rd, 2024… why home buyers are suddenly jumping back in, what the data shows about single-family built-to-rent homes, and what renters are doing to make sure they can pay their rent each month.
Hi, I'm Rich Fettke, filling in for...
Published 11/27/24
The combination of high mortgage rates and record high home prices has priced out millions of Americans from buying a home or investment property. On today’s real estate news show, we’ll dive into CoreLogic's recent Home Equity Insights Report for the 2nd quarter of 2024 to determine if it still...
Published 11/22/24