What the strong jobs report means?

Mar 07, 2024

Real Estate

 

Welcome to the New Year! There is a LOT of positive buzz in the real estate market right now! When the Fed met in December, it chose to hold rates steady for the third straight month and even suggested we would begin to see cuts in 2024. While the Fed rate doesn't directly affect mortgage rates, it is a factor along with inflation, jobs creation and the impact of rate changes on various mortgage related securities. So, if the Fed begins doing cuts in 2024, we will likely see Mortgage rates decline as well. What does that mean for you and what will this mean in Nashville? Many experts project a tipping point where all the buyers that have been sidelined due to high rates will choose to re-enter the market. Buyers are seeing a more balanced market at the moment and yet inventory continues to be a concern. If declining mortgage rates cause an influx of buyers back to the market, we could see the return of multiple-offer bidding wars and declining inventory rates once again. If you are thinking of buying, now is the time to enter the market. Let’s discuss! We’re here as your Real Estate Economists of choice - for life! Tim Kyne & the KPG Team Kyne Property Group info@kynepropertygroup.com i n d u s t r y   i n s i g h t s TRENDING MARKET UPDATES  + LOCAL INFO MORTGAGE RATES FORECAST FOR 2024: WHEN WILL RATES FINALLY COME DOWN? It seems mortgage rates fever has finally broken—at least for now. After rising to a... | read more | REALTOR: POTENTIAL INTEREST RATE CUT ALREADY BRINGING BUYERS BACK The real estate industry received a big holiday gift after the Federal Reserve announced this month that... | read more | WHAT TO EXPECT FROM NASHVILLE'S 2024 HOUSING MARKET Real estate in 2023 was shaped by climbing interest rates that pinched the market and slowed home sales, but... | read more | f e a t u r e d   p r o p e r t y EXPLORE THIS BEAUTIFUL NASHVILLE PROPERTY One-of-a-kind custom build in Belle Meade Highlands! 5 BEDROOMS | 4/1 BATHS | 5,150 SQFT | 107 Cheekwood Terrace, Nashville, TN 37205 Pool ready! Don't miss this stunning contemporary home from Paros Group. Features include: bold modern elevation, wide-plank hardwood flooring throughout, impressive great room w/ soaring ceilings & windows, tons of natural light, custom trim features, massive island / breakfast counter w/ chef's kitchen, working pantry, panel-front fridge freezer, design-driven lighting & tile, clean & elegant color palette, main floor primary & in-law suites + elevator & 3-car garage! And zoned for Julia Green! Now offered at $2,590,000 View Listing Here m a r k e t   s t a t s Click image for larger view Call today - Our priority is making your dream home a reality!   get in touch