During #economic #expansions in the past, when the #Fed lowered #rates, stocks surged—and with the decision on Wednesday, analysts are expecting the #markets to react similarly .
As for the average #consumer's response When asked if they'd #borrow more if rates were reduced, just 26 percent of #Americans were more likely to, according to a #Bankrate survey .
In housing, critical issues remain. Despite historically low #mortgage rates, inadequate inventory is obstructing #sales, compounded by increasing #prices. According to June National Association of #REALTORS® stats, existing-homes sales slid 2.2 percent year-over-year .
"Low interest #rates will partly help with housing affordability over the short term," Yun says. "Both #rents and home prices have been consistently outpacing #income #growth. The only way to mitigate housing cost challenges as a long-term solution is to bring more #supply of both multifamily and single-family homes to the market." "As the #Fed pivoted from raising rates in 2018 to now cutting rates in 2019, mortgage rates have dropped from levels above 5 percent in November to levels below 4 percent now," McBride says. "That represents meaningful savings for home shoppers. The problem is that there's not enough home shoppers and not enough homes on the market for sale. The economy continues to get better each year, but we sell fewer houses. That is a head scratcher." Construction could ramp up, however, if borrowing costs decrease with the Fed's latest move. For some time, building costs have hindered housing starts, along with regulatory restrictions and a shortage of workers. "The #housing affordability challenge remains due to the fact that #home #prices and construction costs have outpaced income gains in recent years," Dietz says, also noting that "while much of the focus of interest rates is justifiably set on mortgage rates, lower interest rates also benefit the cost of credit for land developers and home #builders. In a time of ongoing tight inventories, lower rates for development and construction will help ease supply constraints." .
Suzanne De Vita is #RISMedia's online news editor.
Loans can be confusing. There are many details and numbers and requirements and exceptions... Here I outline the basics of FHA loans.
You should know this information if you ever plan on buying real estate.
I hope this is helpful. -Enrique
I finally broke my estate sale sabbatical and found some INSANE things today. Highlights: the worlds greatest and best earrings of all time, I can’t adequately express how delighted I am by them (Zodiac! Themed! Lunch! At! The Ritz!), from a Family Tree Estate Sale, some Bing Crosby sheet music from a stop in Donelson, and a glass jar of Skippy filled with artificial stamens for making prewar silk haberdashery flowers from the same...could you die Additional hauls, not shown: 1910’s picture hat, silk sixties ladies suit jacket, and a stack of 1910’s McCalls magazines with color fashion inserts. Birthday weekend magic might just last all year! 😱❤️🦋🛍🔮😍 #EstateSales #estate #sales #vintage #zodiac #lunchattheRitz #statement #jewelry #whatibought #eclectic #taste #amazingfinds #imnevertakingtheseearringsoff
Why should you start an email list For your small business Because that’s where big businesses most revenue comes from!!!! I can’t stress this enough! If you do not have an email list you are only reaching about 3% of your potential clients! Only 3% of people are ready to buy once they see an ad! To get that number to 40% you must follow up with the others by sending them emails so next time they do want to buy, it’ll be from you! Follow up with your customers!!!
Acknowledging every full circle moment. LeeVera (2nd picture) who works for the @universityofhouston Small Business Development Center, got me all the way together about 5 years and demanded that I get a clear picture of my goals surrounding entrepreneurship. She’s one of the reasons I’ll always advocate for mentors- get you SOME. All superheroes don’t wear capes 👸🏿.
😱😱 Add this now while it’s still stacking! Preorder food for tomorrow! Link in bio! Posted @withrepost • TFS ❤️ @couponing.twinmom Runnnn! Lots of free food today! Use link in bio, add $30 to cart and 50% off should apply from signing up. Using browser instead of app, add code MISSYOU for another 50% off!
Thanks for the dm @qponing_nola ❤️