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Market Update Market Update The fed funds rate was lowered last week by half a percentage point for the first time since 2020. With the rate cut fully anticipated by the market before the announcement, mortgage rates did not show any immediate downward movement after the latest FOMC meeting. The central bank’s latest move and its plan on future […]
Market Update Market Update As the market awaits for the Fed’s announcement on their upcoming rate cut later this week, latest inflation reports continue to provide mixed signals on how much the fed funds rate will be reduced in the September meeting. The market currently projects a 63% chance of a 50-basis-points (bps) rate reduction, and a 37% chance […]
Market Update Market Update The market has been relatively quiet in the lead-up to the Federal Reserve’s meeting on interest rates next week. Although recent economic data remains relatively strong, markets remain optimistic that the key policy rate will be cut by the Federal Open Market Committee. This has already begun to have a positive impact on the market […]
Market Update Market Update Latest macroeconomic data released last week suggest that the economy remains solid, with the cooling trend in inflation continuing at the start of Q3 2024. Both consumers and business leaders feel upbeat in general and have a positive outlook about the near future. With the Fed expected to adjust rates downward in their next few […]
Market Update Your Path To Homeownership   As an experienced agent with in-depth market knowledge and a reputation as a tough negotiator, I have a proven track record of helping my buyers secure contracts on their homes within the first three offers, all while ensuring a great price. With the recent NAR settlement changes, the world of real estate is shifting, […]
Market Update Market Update California home sales bounced back solidly in July, as prices moderated, and housing supply continued to grow from last year. While the rebound is not a V-shaped recovery, the turn-around is encouraging nevertheless, and offers hope that the boost in sales could kickstart the second half of the year. With the Fed signaling a policy […]
Market Update Market Update California labor markets signaled full steam ahead in the latest jobs report released Friday with hiring posting its best showing in 6 months. However, the underlying details suggest that things may not be as rosy as the headline numbers suggest, which may help to provide cover for the Fed to lower rates later this year. […]
Market Update Market Update The Olympics is officially over, and the market’s attention is back on inflation. Two reports on inflation will be released this week and will hopefully provide more evidence that prices remain on a cooling trend. Another report on retail sales is also scheduled to come out before the end of the week and should offer […]
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Market Update Market Update The summer remains hot, and the Olympics has taken over. The Federal Reserve, meanwhile, is ready to cut rates for the first time in more than four years in the upcoming September FOMC meeting (or sooner), especially since the last jobs report suggested that the labor market is cooling faster than expected, and the stock […]
Market Update Market Update Latest inflation data continued to provide hopes that the Fed could begin cutting rates in the near term. The financial market has been reacting positively to the good news and consequently led to mortgage rates dropping more than 30 basis points since early July. With rates trending down in recent weeks, the housing market is […]
Market Update Market Update Latest inflation data continued to provide hopes that the Fed could begin cutting rates in the near term. The financial market has been reacting positively to the good news and consequently led to mortgage rates dropping more than 30 basis points since early July. With rates trending down in recent weeks, the housing market is […]
Market Update Market Update Mortgage rates rose further two weeks ago as the latest macroeconomic report shows that the U.S. economy continued to grow moderately with inflation remaining sticky and declining slower than expected. Despite being in an environment where rates stay higher for longer, there are signs that suggest that housing consumers are gradually adjusting to the new […]
Market Update What to Expect in 2024 I anticipate our local real estate market will be in flux in 2024 for the following reasons: Interest Rate Reduction: I foresee interest rates adjusting downward this year, likely prompting increased buyer activity. With rates becoming more favorable, expect a surge in home sales across all price brackets. Buyers are adapting to the notion that […]
Market Update Looking Back at 2023 & Looking Ahead to 2024 Looking back there were four major economic events that defined the real estate market in 2023. FLUCTUATING INTEREST RATES: he trajectory of interest rates defined much of 2023’s real estate landscape. Beginning the year around the mid-6% range, mortgage rates fluctuated between 6% and 7.30% in the initial months. However, from mid-May to mid-October, there […]
Market Update Market Update After a dip in rates spurred a boost to housing in January, the recent increase back above 7% demonstrates that the rebound will be bumpy as pending sales cooled. Still, all signs indicate that buyers have begun to adjust to more normal rates than we enjoyed during the pandemic as several key indicators of market […]
Market Update Market Update The housing market had a tough year in 2023 as tight supply and high costs of borrowing continued to have a negative impact on supply and demand. Easing inflationary pressure and a soft economic outlook, however, suggest that there will be some interest rate cuts on the horizon in 2024, which bode well for a […]
Market Update Market Update Mortgage rates continue their upward climb as daily rates top 8% several times over the past week. This comes as the bond market continues to price in “higher-for-longer” and rates for 10-year notes are quickly approaching 5% after remaining relatively flat through the first half of this year. Despite this, consumers remain a driving force […]
Market Update Market Update The sharp increase in mortgage rates in the past month was due primarily to the Fed’s announcement at their latest FOMC meeting that rates will be kept “higher for longer”, which dashed market participants’ hope for more significant rate cuts in 2024. Despite the initial increase, rates have shown improvements last week as several Fed’s […]
Market Update Market Update Buyers and sellers’ sentiments remained virtually unchanged in August as housing market participants wait for more signals on what the Fed’s next move will be in the upcoming FOMC meeting. With the economy looking stronger than what was anticipated six months ago, interest rates will remain elevated for a little longer. Consumers could be tapped […]
Market Update Market Update Rates have risen sharply in the past few weeks, but the housing market has weathered this rise relatively well. Although the primary measures of mortgage demand show that homebuyers remain affected by higher rates, the gap between 2022 and 2023 levels has yet to widen noticeably. In addition, rates have begun to inch down slightly […]

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