EPISODE · Jan 17, 2023 · 4 MIN
Favorable Economic Indicators For The Housing Market - Tom's Take 306
from The Tom Toole Sales Group Podcast · host The Tom Toole Sales Group Podcast
The first big piece of news is that the consumer price index was down 0.1 percent in December, in line with economists expectations. And what this means is that inflation is easing a little bit. 👏 When the cost of money goes down, that means affordability increases for buyers and for sellers. It means that buyers can potentially pay more for your home and get a lower mortgage rate. 💰 👀 We saw rates drop below 6% last week. The unemployment rate is still very low in the 3 to 4% range. 📊 The last thing here to consider is that we have a Fed meeting coming up in February and the CME Market Watch tool, says that we're going to see a 25 basis point increase down from the 50 basis point increase at the last meeting, which is good. ➡️ It means the Fed's pulling back their policy a little bit. So all this economic jargon aside, what does this mean for sellers and buyers? 🤯 Tune into episode 306 of Tom's Take now and find out! ✨ 🎥 Missed episodes 1-305? visit here: http://bit.ly/TomsTakeChannel #TomsTake #TTSG #HousingMarket #EconomicIndicators #TomTooleSalesGroup
What this episode covers
The first big piece of news is that the consumer price index was down 0.1 percent in December, in line with economists expectations. And what this means is that inflation is easing a little bit. 👏 When the cost of money goes down, that means affordability increases for buyers and for sellers. It means that buyers can potentially pay more for your home and get a lower mortgage rate. 💰 👀 We saw rates drop below 6% last week. The unemployment rate is still very low in the 3 to 4% range. 📊 The last thing here to consider is that we have a Fed meeting coming up in February and the CME Market Watch tool, says that we're going to see a 25 basis point increase down from the 50 basis point increase at the last meeting, which is good. ➡️ It means the Fed's pulling back their policy a little bit. So all this economic jargon aside, what does this mean for sellers and buyers? 🤯 Tune into episode 306 of Tom's Take now and find out! ✨ 🎥 Missed episodes 1-305? visit here: http://bit.ly/TomsTakeChannel #TomsTake #TTSG #HousingMarket #EconomicIndicators #TomTooleSalesGroup
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Favorable Economic Indicators For The Housing Market - Tom's Take 306
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