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Market by Marty |
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New and Noteworthy |
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Stocks Surge As Fed Hikes Rates By 75 Basis Points U.S. stocks surged Wednesday as investors mulled a major decision from Federal Reserve policymakers to raise interest rates by 0.75% and remarks from Chair Jerome Powell hinting the central bank may slow the pace of its rate-hiking cycle. Better-than-expected earnings from tech giants also helped lift sentiment. (Full Story) |
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Home Prices Are Still Rising As Housing Market Faces New Reality A recession could force big drops in these major cities. Home prices across the country skyrocketed 19.7% in May on an annual basis but cooled from 20.4% one month earlier after prices in March spiked at the highest rate in 35 years, according to the closely watched S&P CoreLogic Case-Shiller Indices. Prices in the nation’s largest cities are starting to decelerate as well (Full Story) |
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Inflation and the US Dollar Thanks to inflation, the U.S. dollar's value is eroding at home. But when you trade your dollars against other currencies overseas, its value is growing. With that in mind, foreign owners seeking to reap the profits of recent price escalations combined with currency value may want to consider selling right now. (Full Story) |
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Team News |
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Advanced Buyers Seminar |
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Our latest seminar was packed full of important and relevant information about buying real estate in today's market. Is it the right time to buy? How are Federal interest rates and mortgage interest rates related? What can we expect to see in the near future? We address all these questions and more in this hour long seminar. It is geared to help 2nd, 3rd, and 4th time buyers navigate this market and make better, more informed decisions when buying property. Check it out and let us know what you think! Watch the full video by clicking the button below: |
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Our Properties |
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We are partnering with Block: a home renovation platform that helps you design, plan, and build all in one place. If you are planning a home reno, use Block to get an on-site estimate of costs before you even start. Plus use offer code APKSTEPTXU to get $500 off your materials purchase. Click here for more info. |
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