The fifth week of October brings us Halloween and some potential fireworks mid week due to the FOMC meeting on Wednesday and a potential US trade deal with China on Thursday.  It is now expected that we see another rate cut Wednesday afternoon after CPI inflation data last Friday came out below expectations, and hiring numbers dropping amongst employers.
Fannie Mae revised their mortgage rate expectations lower to end 2025 at 6.3% nationally and a 2026 projection of 5.9%.  They expect home sales to increase to close out the year at 4.74 million nationwide, up from 4.72 million.  Fannie Mae also projects home sales of 5.16 million in 2026 along with a slight increase in home price growth next year.
Supply and demand, coupled with mortgage rates will continue to be the story for real estate both nationally and here locally.  

See you in November!  Have a spooky and fun Halloween!

What are you seeing or hearing? I'd love to know paul@guiderealestate.com
Visit www.paulpelettarealtor.com

Fifth Week Special!

Anyone who shares this newsletter with a friend or family member will be entered to win a $50 No Sabo Concheria & Drunken Tortilla Gift Card!  

Simply hit the forward button below, fill out some info, and boom, entered. You can also reply directly to this email with the referral's email and boom, entered.

I will notify a winner over the weekend!

What are you seeing or hearing? I'd love to know paul@guiderealestate.com