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The Real Estate News Brief: Rate Cut Expectations, Home Price Switcheroo, California Tech Exodus
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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! Links: Register for 2024 Mid-Year Economic Update Webinar with Kathy Fettke & John Chang on July 25th: Register Here
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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-125112578 episodes
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