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 more options but also more competition. With the Fed's clear stance on rate policy, it’s time to make informed real estate decisions rather than trying to time the market. 🤝
For a detailed discussion on how these changes impact your plans, schedule a call with our expert team. 📲 calendly.com/t...
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The Tom Toole Sales Group is a top producing, nationally ranked Real Estate team. We are dedicated to providing our customers with the perfect blend of expert experience, market knowledge and a client focused mentality. We are native to the greater Philadelphia area suburbs. From the diverse towns on the Main Line to the Chester County countryside, we know this market.
The culture and dynamic at TTSG is built upon teamwork, service, integrity, professionalism and drive! The team is made up of dedicated professionals who work together through their diverse roles to ensure the consumer receives the best service. These roles are, but not limited to; working with home buyers, sellers, effortless transaction and administrative duties, home staging, professional photography, video tours, marketing strategies, custom designed brochures, closing coordination and much more. We focus not just on sales, but also skill building for our entire team. The team recognizes and values the trust clients place in us.
We strive every day to exceed your expectations!
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6 сен 2024
