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Podcast: The Tom Toole Sales Group Podcast
Episode: Fed Meeting & May 2023 Market Update - Tom's Take 328
Description: The recent Fed meeting addressed key economic concerns, though specific details were not disclosed.👀
Meanwhile, the real estate market in the greater Philadelphia area has experienced a decline in sales, ranging from 25.6% to 28.1% compared to the previous year. 📉
Median sale prices have shown mixed results, with an increase of 1.8% to 5.6% in the suburban counties but a decrease of 5.2% in Philadelphia. 📈
The number of pending new homes has also decreased, and the market is characterized by low inventory levels. 🏠
Interest rates have remained steady around 6.875%, with the possibility of future rate hikes later in the year. ➡️ Overall, the market appears stable, but factors such...