Real Estate News Brief: Has the Soft Landing Arrived? Hurricane Impact on Future Plans, Potential Rent Control Pandora’s Box in CA
Description
In this Real Estate News Brief for the week ending October 5th, 2024... what economists are now saying about the jobs report and a “soft landing,” how Hurricane Helene is impacting decisions on where to live, and the rent control ballot measure that could open a Pandora’s box.
Hi, I'm Kathy Fettke and this is Real Estate News for Investors. I’d like to take a moment to invite you to our live property tour event in San Antonio at the very beginning of next month! We get together for cocktails and Day of the Dead festivities on November 1st and go on a tour of for sale rental properties on the 2nd. You can read more about the event and register at newsforinvestors.com under the Connect tab. Hope to see you there!
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References:
1 - https://www.cnbc.com/2024/10/04/fed-close-to-pulling-off-the-elusive-economic-soft-landing-in-2024-after-great-september-jobs-report.html
2 - https://www.marketwatch.com/story/powell-says-u-s-economy-is-in-solid-shape-and-the-fed-intends-to-keep-it-that-way-61631a72?mod=economy-politics
3 - https://www.federalreserve.gov/newsevents/speech/powell20240930a.htm
4 - https://www.aba.com/about-us/press-room/press-releases/economic-advisory-committee-forecast-september-2024
5 - https://www.marketwatch.com/story/jobless-claims-rise-slightly-but-still-no-sign-of-rising-layoffs-f1719136?mod=mw_latestnews
6 - https://www.marketwatch.com/story/job-openings-rebound-yet-many-workers-are-still-not-finding-jobs-170cbd8a?mod=livecoverage_web
7 - https://www.marketwatch.com/story/construction-spending-dipped-in-august-ahead-of-fed-rate-cut-b49f1b99?mod=home-page
8 - https://www.cnbc.com/2024/10/04/mortgage-rates-jobs-report.html
9 - https://www.redfin.com/news/hurricane-helene-impacting-relocation-survey/
10 - https://www.bisnow.com/los-angeles/news/multifamily/proposition-33-rent-control-november-5-election-explainer-126158
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