Well, my fine readers of this newsletter, we made it.  As of last Friday, in beautiful Jackson Hole, Wyoming, Mr. Powell all but guaranteed we should expect the first Fed rate cuts in September, followed by a couple more to end 2024.  There are three meetings left, and the cuts are projected to be anywhere from .75 to 1.00 bps in total.  We've been tracking this very closely as it greatly affects the housing market directly both locally and nationally.  I have been saying almost every edition of this newsletter for months that interested buyers need to start preparing sooner than later.  I expect as the rate cuts come we will continue to see purchase applications rise.  This will be the competition getting themselves in position to purchase.  If you know someone interested in buying over the next 3,6,9,12 months, I cannot express how important it is to start their journey yesterday.  The changes in real estate in August means you need to know your financial numbers with a lender, and means you need to be interviewing a realtor or realtors.  The theme of the last 4 years has been low supply and pent up demand.  NOTHING has changed, and these rate cuts means even lower mortgage rates...the pent up demand will be coming to a market near you.
If you've been reading my newsletter, what do we think that means for potential sellers?  Reply directly to this email and let me know!

I'll see you next week in September!

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 ticket to Buckhorn BBQ + Grill's Bourbon Bash in two weeks. ($78 value)

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