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Election Aftermath
What upcoming rate bumps mean for buyers
Splits and Caps Daily: Action for Agents
November 7, 2024
📈 Market Move:
New Boss, New Rates
Alright, here’s the skinny. With the election dust settling, brace yourself for a bit of mortgage rate turbulence. Rates are already showing signs of volatility, nudging up as investors digest the new political landscape. Economists are eyeing a short-term rise and unpredictability in mortgage rates, with some thinking affordability could be pinched for first-time and middle-income buyers.
But hey, a breather might be coming. The Fed’s expected to cut rates slightly this week, aiming to offset any election-driven jitters. But don’t count on a quick dive in mortgage rates before year-end. Real estate stocks are also taking a hit as investors hedge against the uncertainty, but if inflation cools down, the long-term rate trend could still slide downward.
🌟Quote of the Day:
"In the middle of difficulty lies opportunity." — Albert Einstein
⚡ Quick Win:
Create a Moving Checklist: Use 15 minutes to whip up a handy moving checklist for your clients. It’s a value add that shows you’ve got their back. When they see how you help, they’re more likely to come back to you next time!
🎉 Fun Fact of the Day:
Shark Tank Mansion: The most expensive home in the U.S.? A $500 million mansion in Los Angeles, complete with its own shark tank. It’s like living in an aquarium with benefits.
📚 Book Recommendation:
"Good to Great" by Jim Collins – Why do some companies crush it while others just coast? Collins goes full detective on what sets the winners apart from the rest. Turns out, it’s all about discipline—in people, thought, and action. Whether you’re building a real estate team or leveling up your own brand, this book’s like a playbook for going from “meh” to legendary. If you want to know how to turn good into world-class, Collins has the blueprint.
Want to level up even more? Hit the Agent Bookshelf for top reads, Agent Articles for real estate gold, and Agent Resources for the tools to boost your biz—go get it!
That’s a wrap! Stay ambitious, stay strategic, and remember—every effort today is setting up tomorrow’s big win. Let’s crush it!
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