Real Estate News Brief: Fed Spread Holiday Joy, Inflation Losing Its Luster, Redfin's 2024 Housing Forecast

In this Real Estate News Brief for the week ending December 16th, 2023… why homebuyers are happy about the Fed's rate hike decision, how inflation is losing its battle against the Fed, and what Redfin says about the 2024 Housing Market. We begin with economic news from this past week, and a Fed decision that spread some holiday joy among homebuyers. Fed officials held their December meeting and announced that short-term lending rates would remain where they are, between 5.25% and 5.5%. And the forecast for next year is looking even better... ...That's it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review! If you'd like to know more about how to buy real estate as an investor, sign up for a free RealWealth membership at newsforinvestors.com. It'll take just a minute to sign up and will give you access to our entire website. That includes hundreds of webinars, data on different rental markets, a long list of real estate professionals and property teams that can help you, including our own experienced investment counselors. Thanks for listening! Kathy Fettke Links: 1 - https://www.marketwatch.com/story/powell-surprises-with-a-dovish-turn-economists-debate-how-many-fed-rate-cuts-in-2024-7fe36a65?mod=economy-politics 2 - https://www.marketwatch.com/story/inflation-creeps-higher-cpi-shows-on-higher-rents-and-used-car-prices-dff5b74f?mod=economy-politics 3 - https://www.marketwatch.com/story/wholesale-inflation-flat-in-november-ppi-finds-47a996c2?mod=economy-politics 4 - https://www.marketwatch.com/story/retail-sales-rebound-in-good-start-for-holiday-shopping-season-db8df52e?mod=economic-report 5 - https://www.marketwatch.com/story/jobless-claims-plunge-to-lowest-level-since-mid-october-019acf52?mod=economic-report 6 - https://www.freddiemac.com/pmms 7 - https://www.realtor.com/research/2024-national-housing-forecast/ 8 - https://www.bisnow.com/dublin/news/affordable-housing/market-stabilising-but-housebuilding-costs-up-24-since-2020-121985