U.S. Economy Surges 2.8% in Q2 2024: What It Means for Real Estate and Potential Rate Cuts
Last Friday, the U.S. Commerce Department announced that the U.S. economy grew at an impressive 2.8% in the second quarter of 2024. This is a significant jump from the 1.4% growth in Q1 and well above the 2.1% expectations set by economists. This robust growth, while surprising to many, provides a p
Homes are Continuously Selling for Less Than List Price: Key Market Insights and Trends
In a recent article by HousingWire, it was highlighted that nearly half of the homes sold in the current market appraised for more than the sale price. This statistic sheds light on the evolving dynamics of the housing market and underscores the unique opportunities and challenges facing both buyers
CPI Shows Positive Trends: What It Means for Real Estate
The Latest CPI Data The Consumer Price Index (CPI) recently reported a decline of 0.1% from May, bringing the annual rate to 3%—the lowest in about three years. Core CPI, which excludes food and energy prices, increased by 0.1% and stands at 3.3% year-over-year. This marks the smallest annual increa
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