The Real Estate News Brief: Rate Cut Hopes Grow, Home Buyers vs Sellers, Top 10%, 5%, 1% Income

Real Estate News: Real Estate Investing Podcast

In this Real Estate News Brief for the week ending July 6th, 2024... why more economists are seeing a September rate cut, where home buyers are getting the upper hand, and what you have to earn to be in the top 1%. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before I begin, I’d like to invite all of you to my 2024 Mid-Year Economic Update with Marcus & Millichap Economist John Chang on Thursday July 25th. It’s free to attend and will be a lively forward-looking update with time to answer your questions. Simply login to the Investor Portal here to register and we'll send you a confirmation email with your link! Links:

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References: 1 - https://www.marketwatch.com/story/fed-minutes-show-no-consensus-on-how-many-months-of-good-inflation-data-needed-to-start-cutting-interest-rates-f23de135 2 - https://www.marketwatch.com/story/u-s-economy-and-jobs-market-are-showing-cracks-fed-rate-cuts-are-not-far-off-0519803a#:~:text=And%20consumers%20have%20been%20stymied,track%20to%20be%20similarly%20pedestrian. 3 - https://www.cnbc.com/2024/07/05/jobs-report-june-2024.html 4 - https://www.marketwatch.com/story/jobless-claims-rise-to-238-000-and-stay-near-one-year-high-c287346f?mod=search_headline 5 - https://www.marketwatch.com/story/powell-says-inflation-is-showing-signs-of-resuming-cooling-trend-96cfdf40?mod=economy-politics 6 - https://www.marketwatch.com/story/construction-spending-posts-bigger-than-expected-drop-in-may-e6cc3e66?mod=economic-report 7 - https://www.freddiemac.com/pmms 8 - https://www.cnet.com/personal-finance/mortgages/advice/are-slowing-home-prices-sending-us-into-a-buyers-market/ 10 - https://www.cnbc.com/2024/07/02/manhattan-is-buyers-market-as-real-estate-prices-fall-inventory-rises-.html 11 - https://eyeonhousing.org/2024/07/share-of-one-story-new-homes-increased-in-2023/ 12 - https://www.aol.com/finance/much-top-1-5-10-133000802.html