GREENWAY BLOG

19 January 2024

MarketMinute | How are recent rate drops affecting builders and buyers?

Retail sales rose at the strongest pace in 3 months in December, topping expectations for holiday shopping and signaling a resilient economy.  The Fed’s latest Beige Book snapshot of the economy reported little or no change in economic activity for December through early January. The labor market continues to show resiliency. Last week's jobless claims posted an unexpected drop to the lowest levels since September 2022. Homebuilder sentiment improved for the 2nd straight month in...

READ MORE

16 January 2024

Leverage Your Home’s Equity for A Brighter 2024!

  In the ever-evolving landscape of personal finance, leveraging your assets to secure a brighter future has become a prevailing theme. If you're still grappling with high-interest debts from last year or envisioning major life changes, your home's equity could be the key to unlocking newfound financial freedom. Let's explore how tapping into your home's equity can jumpstart your journey to regain control and turn your dreams into reality. #1: High-Interest Debt is SO Last Year! High-interest debts can weigh heavily on your financial well-being, limiting your options for growth. However, your home's equity presents a unique opportunity to...

READ MORE

12 January 2024

MarketMinute | How does today's housing inventory compare to last year's?

Consumer inflation came in slightly higher than expected, led by housing costs. However, the pace of core inflation slowed a little.  Jobless claims dropped to 202K last week, coming in less than expected at the lowest level since October. Markets continue to price in the likelihood of a March Fed rate cut, despite Fed officials’ signals they will hold rates longer. A recent Fannie Mae survey showed more consumers think it is a good time to buy a home. More also expect rates to fall in...

READ MORE

9 January 2024

New Year, New Home: A Resolution Worth Unlocking in 2024

  As we usher in the promise of a new year, many of us contemplate resolutions that bring positive change into our lives. If buying a new home is on your list of goals for 2024, we've got you covered. In this guide, we'll walk you through five crucial steps to ensure you're in the best financial shape to embark on the exciting journey of homeownership. Step 1: Start Saving for a Down Payment (Boost Your Savings) The hurdle of saving for a down payment is a common concern for prospective homebuyers However, here's the good news: 3% down payment options are now common! The key is to kickstart your savings early. Check out our website or give us a...

READ MORE

5 January 2024

MarketMinute | Agents Greet 2024 With Optimism

Minutes from the Fed's last meeting suggest the policy rate could remain higher "for some time" until inflation moves lower.  Demand for workers fell to its lowest level in more than 2½ years in November, while hiring and layoffs both slowed. Manufacturing contracted in December. The pace of decline slowed amid a modest rebound in production and improvement in factory employment. As mortgage rates fell to end the year, refi apps were 15% higher than the same week a year ago....

READ MORE