What's Up Real Estate - October
🛒 Retail Frenzy & The Fed's Headache People are spending like there's no tomorrow. September retail sales jumped 0.7% MoM, flying past the 0.3% expectation. This stokes fears of 'higher for longer' interest rates. Meanwhile, the 10-year U.S. Treasury yield closed at a jaw-dropping 4.97%, a high w
What's Up Real Estate - Jobs Reports
📊 Jobs Report Highlights: JOLTS Report for August: The number of job openings surged by 8% month-over-month, reaching 9.6 million. This bucks the trend of the last three months. However, don't break out the champagne just yet. The hiring rate and separations rate (quits + layoffs) remained sta
What's Up Real Estate - Half Way Through
📉 August Homes Sales: A Rollercoaster Ride 🎢 New Home Sales: Dropped 8.7% to an annual rate of 675,000 units. Even builder incentives can't fight off those soaring mortgage rates. [Census Bureau] Pending Home Sales: Took a 7.1% nosedive. Brace yourselves; we're expecting 3.7–3.9 million units
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