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Debt Ceiling Deal Effect On Housing Market – Tom’s Take 326

A debt ceiling deal and a positive jobs report have led to great news for homebuyers and sellers.
With the uncertainty eliminated by the signed debt ceiling deal, mortgage rates have come down from above 7% to the high sixes, improving affordability.
The impressive jobs report showed an addition of 339,000 jobs in May, exceeding projections.
As a result, there’s a 70% or greater chance that the Federal Reserve will not raise rates at their upcoming June meeting, stabilizing the market.
This positive trend may unlock more inventory and create a strong second half of the year for homebuyers.
Now is the time to engage with real estate agents who can guide you through this promising market.

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