10/28/2026
The Federal Reserve held its meeting today, and the results may surprise some.
Opting to pause on any rate changes, citing slower job growth mixed with higher consumer spending over the last couple months means that they are simply just waiting for more data, which will not come until after the midterm elections.
Does this mean we're gonna see significant changes in the future? that's to be determined.
If you're waiting for housing interest rates to change, pack a lunch, you may be waiting longer than you want to.
For sellers who need to sell this may mean pricing head of the market a little bit more aggressively, as more housing stock increases and new construction comes online. Especially as the median home sale price for new construction is now slightly below that of existing housing stock, meaning it's largely cheaper to buy something brand new than something 30 years old. Remember, days on market is the enemy of a home's value.
For buyers, that means you stay a little bit more on the driver seat and don't be afraid to make the offer, you just might get it.
This is all, of course, market specific, as there are certain areas of this country that are still very strong seller markets with very low inventory. Across the southwest and southeast, it's a totally different story.
For my real estate agent friends, this means having more realistic conversations with your clients and being able to articulate this information is critical.
If I can do anything to help, I am always happy to do so. Comment below or shoot me a DM and let's connect.
Be Excellent ✌️