Real Estate News 12/06/2024

Today’s News Synopsis:

In The News:

Redfin – “More Buyers Are Touring Houses, Applying For Mortgages As We Enter 2024’s Home Stretch“ (12-05-24)

“Homebuying demand is ending the year strong. Redfin’s Homebuyer Demand Index–a seasonally adjusted measure of tours and other buying services from Redfin agents–is sitting near its highest level since September 2023, and it’s up 7% year over year. Mortgage-purchase applications are up 17% month over month to their highest level since late January. ”

CNET – “Mortgage Rates and Trump: What Homebuyers Can Expect in 2025“ (12-05-2024)

“Before the presidential election, the path to lower mortgage rates seemed relatively clear-cut: As long as official inflation figures continued to go down, the Federal Reserve would carry out more interest rate cuts, helping consumer borrowing costs gradually decline in 2025. ”

Yahoo Finance –  “US economy adds 227,000 jobs in November, unemployment rate rises to 4.2% as labor market rebounds“(11-27-24)

“The US economy added more jobs than forecast in November while the unemployment rate ticked higher as the labor market rebounded from a month negatively impacted by severe weather and labor strikes.”

HousingWire-  “NAR settlement faces another legal appeal” (12-04-24)

“Robert Friedman filed an appeal of Judge Stephen Bough’s ruling, while Bough denied Tanya Monestier’s motion to intervene”

NAR –  “5 Holiday Decorating Trends Adding Festive Flair This Season” (12-02-24)

“Holiday decor trends this year are channeling bright red Christmas trees and the 1970s. The latest holiday decorating trends may be considered even merrier and brighter, as they fall more in line with the maximalist style that has taken root in home interiors lately.”