The Real Estate News Brief: Price Growth & The Fed, Magical Mortgage Rates, Fast-Growing Renter Households

Today's real estate news is jam-packed... we'll look at the latest report on inflation, insights from the November Fed policy meeting, what the magical mortgage rate is for most buyers, and how much faster renter households are growing than homeowner households. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Starting with the biggest news of the week, the Presidential election of course. After Donald Trump was re-elected into office, the "Trump Trade" went into overdrive. All three major stock indices on Wall Street hit new records. The Dow Jones Industrial Average shot up 3.6%, its biggest one day jump since November 2022. The S&P 500 went up 2.5% while the Nasdaq climbed nearly 3%... ...You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to hit the subscribe button and leave a review! ~~~~

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~~~~ LINKS: 1 - https://www.cnbc.com/2024/10/31/pce-inflation-september-2024-.html 2 - https://www.marketwatch.com/livecoverage/pce-report-for-september-inflation-data-expected-to-show-price-growth-moving-toward-2/card/pce-inflation-edges-closer-to-fed-s-2-target-keeping-fomc-on-track-to-cut-interest-rates-iNKp9RIsP7zkwsj3y92C 3 - https://www.cnbc.com/2024/10/30/us-gdp-q3-2024.html 4 - https://www.marketwatch.com/story/jobless-claims-retreat-to-lowest-level-since-may-79f4d575?mod=mw_latestnews 5 - https://www.marketwatch.com/story/job-openings-in-the-u-s-fall-to-the-lowest-level-in-3-1-2-years-55c8c048?mod=mw_latestnews 6 - https://www.marketwatch.com/livecoverage/october-jobs-report-economists-forecast-slowest-growth-in-six-months?mod=home-page 7 - https://www.marketwatch.com/story/home-prices-hit-a-new-record-high-but-the-pace-of-growth-is-slowing-significantly-and-showing-signs-of-strain-56430dc4?mod=mw_latestnews 8 - https://www.marketwatch.com/story/pending-home-sales-jump-to-six-month-high-as-lower-mortgage-rates-draw-buyers-in-2a188c9e?mod=mw_latestnews 9 - https://www.marketwatch.com/story/construction-spending-ticks-up-to-four-month-high-in-september-9097fc8d?mod=mw_latestnews 10 - https://www.nar.realtor/magazine/real-estate-news/uncertainty-over-election-fed-vote-moves-mortgage-rates-higher 11 - https://www.nar.realtor/magazine/real-estate-news/the-mortgage-rate-buyers-say-theyre-waiting-for 12 - https://www.marketwatch.com/story/first-time-home-buyers-share-of-home-sales-hits-43-year-low-real-estate-group-says-a57cdf12 13 - https://www.redfin.com/news/renter-household-growth-q3-2024/

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The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.NewsForInvestors.com