July 23, 2024 A few months ago, we delineated the reasons that listings would start to grow after several years of real estate purchase prospects not being able to find a house. These reasons included long-term demographic factors such as baby boomers wanting to age in place, but finally aging out of their homes. They […]
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July 2, 2024 In the interest of seeing lower interest rates, we have had some hits and misses in the past few months. Two months ago, we had a moderate jobs report, but stronger than expected inflation numbers. Last month we had a strong jobs report but weaker than expected inflation numbers. Thus, we now […]
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June 25, 2024 The Federal Reserve Board has always been very careful regarding making public statements that will affect the markets. As a matter of fact, in years past the Fed was much more clandestine regarding their opinions to avoid roiling investors. So much so that there were complaints about the Fed not being open […]
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June 18, 2024 Last week we had a meeting of the Federal Reserve Board’s Open Market Committee and the release of the latest inflation data. Curious about the direction of interest rates? These two events represent bellwethers in this regard. We are looking to the Fed for signals as to when they might take their […]
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June 11, 2024 As we pointed out last week, this is a very busy period for consequential economic news. First, we had the jobs report this past Friday. This report took on additional importance after we finally had more moderate jobs growth in April. So how did we do in May? The economy created 277,000 […]
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June 4, 2024 The Federal Reserve’s Open Market Committee (FOMC) meets again next week. Some months ago, market analysts were 50/50 on a bet regarding a decrease in short-term rates at the Fed’s June meeting. Then came some very strong jobs reports and also some stronger-than-expected inflation news, causing the odds to drop below 25%. […]
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May 28, 2024 We hope you all had a great Memorial Day weekend. With the weather seemingly getting warmer every year, it seems like summer vibes come earlier every year as well. Of course, we are used to that in the real estate industry because Memorial Day is typically the start of real estate summer. […]
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May 21, 2024 It is hard to admit that we are rooting for poorer economic conditions. Less job growth, lower consumer confidence, slower service sector growth, tepid retail sales and more. But if you are a fan of lower interest rates, that is exactly what we need to see in order to bring inflation down […]
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It was just early last year that the markets introduced the concept of higher interest rates for a “longer period of time.” With the economy continuing to grow briskly and inflation coming down, but at a slower pace, there was no reason for the Federal Reserve to rush things. Thus, we pushed off predictions for […]
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