Want to create an interactive transcript for this episode?
Podcast: The Tom Toole Sales Group Podcast
Episode: Fed Rate Hold & Its Impact on Real Estate! - Tom's Take 380
Description: The Federal Reserve kept the federal funds rate unchanged last week at 5.25% to 5.50%, with favorable CPI data showing lower-than-expected inflation, leading to positive market reactions, including a rise in the Dow and a slight drop in mortgage rates. 👀
Sellers: Don't wait for rates to drop dramatically. 📉 Significant drops would likely require a major economic downturn.
Buyers: Now is a good time to start looking. Lower rates mean more serious buyers and increased competition if rates drop further. 🏡
The Fed plans one rate cut in 2024 and more in 2025, maintaining a steady rate policy with a target of 2% inflation. 🎯
Inventory is increasing, offering mor...