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Podcast: The Tom Toole Sales Group Podcast
Episode: Debt Ceiling Deal Effect On Housing Market - Tom's Take 326
Description: A debt ceiling deal and a positive jobs report have led to great news for homebuyers and sellers. 👀
With the uncertainty eliminated by the signed debt ceiling deal, mortgage rates have come down from above 7% to the high sixes, improving affordability. 👏
The impressive jobs report showed an addition of 339,000 jobs in May, exceeding projections. 📈
As a result, there's a 70% or greater chance that the Federal Reserve will not raise rates at their upcoming June meeting, stabilizing the market. 🤝
This positive trend may unlock more inventory and create a strong second half of the year for homebuyers. 🏡
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