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Housing Hiccups
The economy’s too strong for a rate cut, but is the market?
Splits and Caps Daily: Action for Agents
February 10, 2025
📈 Market Move:
Fed Freeze
So, about those rate cuts everyone was hoping for this spring? Yeah, probably not happening. The latest jobs report came in softer than expected but still solid enough to keep the Fed from making any moves.
Here’s the deal: 143,000 jobs were added in January (a little under the forecast), but wages popped 0.5% higher, and unemployment dipped to 4%. Translation? The economy isn’t cooling fast enough for the Fed to justify slashing rates anytime soon. Expect them to stay on the sidelines through at least May or June.
What does that mean for mortgage rates? With no Fed cuts in sight, the 30-year fixed rate will likely hover around 7% for now. But here’s the wildcard—inventory is stacking up. New listings are up nearly 11%, and total active listings have jumped 25% from last year. Buyers might finally have more choices, but affordability is still the elephant in the room.
Spring is shaping up to be a game of patience—sellers waiting for lower rates, buyers waiting for better deals. Who flinches first?
🌟Quote of the Day:
"The best investment you can make is in yourself." — Warren Buffett
📊🤔 Agent Poll Results
On 2/7, we asked: If you had to choose, what’s the lesser evil?
The results are in!
🚙 Driving a buyer to 47 showings before they decide: 0%
📞 Cold calling FSBOs all day: 33%
📝 Writing an offer you know won’t get accepted: 66%
🤦♂️ Explaining, for the 100th time, that Zestimate isn’t gospel: 0%
Solid insight! Appreciate you jumping in!
🎉 Fun Fact of the Day:
The House That Can Rotate – A guy in Serbia built a house that literally rotates 360 degrees so his wife could always have the best view. Now that’s how you handle a design dispute.
📚 Book Recommendation:
"Leaders Eat Last" by Simon Sinek—Most people think leadership is about power. Simon Sinek says it’s actually about sacrifice—great leaders put their team first, just like military officers who let their soldiers eat before they do. The best leaders create environments where people feel safe, valued, and inspired to give their best. Sound fluffy? It’s not. It’s how teams win, businesses thrive, and loyalty is built.
If you’re in real estate, this hits home. Agents follow brokerages that actually support them, not just take their cut. Clients trust agents who put their interests ahead of a quick commission. Want long-term success? Read this, then start leading like someone people want to follow.
The difference between good and great? What you do after you feel like stopping.
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