Hope Leitner, Realtor®, CRS

  Now that it’s September, all eyes are on the  Federal Reserve  (the Fed). The overwhelming expectation is that they’ll cut the Federal Funds Rate at their upcoming meeting, driven primarily by recent signs that  inflation is cooling , and the job market is  slowing down . Mark Zandi, Chief Economist at  Moody’s Analytics ,  said : “They’re ready to cut, just as long as we don’t get an inflation surprise between now and September, which we won’t.” But what does this mean for the housing market, and more importantly, for you as a potential homebuyer or  seller ? Why a Federal Funds Rate Cut Matters The Federal Funds Rate is one of the key factors that influences  mortgage rates  – things like the economy, geopolitical uncertainty, and more also have an impact. When the Fed cuts the Federal Funds Rate, it signals what’s happening in the broader economy, and mortgage rates tend to respond. While a single rate cut might not lead to a dramatic drop in mortgage rates, it could contribute to

    June 2024   Welcome to a curated selection of the latest real estate insights—handpicked just for you. As your dedicated agent for life, I believe in empowering you with the knowledge you need to navigate the world of homeownership with confidence. Sit back and absorb the compelling narratives that await in this issue.   Whenever you find yourself pondering the next steps in your real estate journey, remember that I am only a conversation away. My commitment to you, your family, and friends is unwavering, and I'm ready to assist with tailored, strategic advice whenever you need it.     Your Forever Agent,    Hope Leitner, CRS,  CalDRE #01874321   Hope Opens Doors Berkshire Hathaway HomeServices, California Properties Christie D. Horn and Associates 3790 Via de la Valle, Suite 201, Del Mar, CA 92014 Cell: (858) 382-3763 Website: HopeLeitner.com Email Hope   Home Prices Aren’t Declining, But Headlines Might Make You Think They Are If you’ve seen the news lately about home sellers

  If you’re thinking about  buying  or  selling  a home soon, you probably want to know what you can expect from the  housing market  in 2024. In 2023, higher mortgage rates, confusion over  home price  headlines, and a lack of homes for sale created some challenges for buyers and sellers looking to make a move. But what’s on the horizon for the  new year ? The good news is, many experts are optimistic we’ve turned a corner and are headed in a positive direction. Mortgage Rates Expected To Ease Recently, mortgage rates have started to come back down. This has offered hope to buyers dealing with affordability challenges. Mark Fleming, Chief Economist at  First American ,  explains  how they may continue to drop: “ Mortgage rates have already retreated from recent peaks near 8 percent and may fall further . . . ” Jessica Lautz, Deputy Chief Economist at the  National Association of Realtors  (NAR),  says : “For home buyers who are taking on a mortgage to purchase a home and have been war