A new Consumer Price Index report was recently released by the Bureau of Labor Statistics. The report shows cooling inflation, and the likely end of future interest rate hikes by the Federal Reserve.
On today’s show, you’re going to hear my take on this CPI report and how it will affect the housing market. We’ll also talk about the stock market, jobs, and the broader economy. Click play to learn more about the real estate boom about to hit 2024!
On this episode you’ll learn:
- What we learned from the recent CPI report.
- How lower rates of inflation will impact the housing market.
- What investors should anticipate for 2024.
What We Learned from the Recent CPI Report
The CPI report, which measures inflation, showed lower costs since last year. This data affirms that the Federal Reserve is likely done raising interest rates.
How Lower Rates of Inflation Will Impact the Housing Market
Lower rates of inflation indicate that a hot market could happen in 2023. There is a lot of demand right now, and interest rates are hot. All of that pent up demand will result in a rush toward buying properties. We could see bidding wars and a skyrocketing of housing prices.
What Investors Should Anticipate for 2024
If you have the means to buy real estate by the end of the year, you can beat out the competition coming in spring of 2024. Interest rates have already started their slow decline, and they aren’t predicted to lower much more.
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DISCLAIMER: I am not a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and inspirational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.
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