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- Jobs Booming, Rates Looming
Jobs Booming, Rates Looming
How a quirky jobs report could shift the Fed’s next move
Splits and Caps Daily: Action for Agents
December 9, 2024
📈 Market Move:
Financial Flux
The jobs report came in hot with 227,000 new gigs in November—a big rebound—but the unemployment rate also ticked up to 4.2%. Translation: the labor market’s flexing, but it’s got quirks. Fewer people are quitting, and fewer jobs are opening up. This “Great Stay” vibe (where workers stick around and employers play it safe) might nudge the Fed to cut rates again when they meet later this month.
For mortgage rates, the story gets spicier. Even with previous rate cuts, mortgage rates haven’t exactly played ball—they’re still sitting in the high 6% range. Why? Inflation, treasury yields, and other economic shenanigans keep throwing curveballs. The next consumer price index report could give us a clearer picture, but for now, buyers are looking at rates in the mid-to-upper 6s through 2024, with modest relief in 2025.
Bottom line: The market’s unpredictable, so buckle up and stay tuned for the Fed’s move—it could make or break your next deal.
🌟Quote of the Day:
"The future depends on what you do today." — Mahatma Gandhi
📊🤔 Agent Poll Results
On 12/6, we asked: What’s the most underrated time to make a sale?
The results are in!
Thanksgiving weekend—buyers stuffed, but serious: 0%
Mid-December—festive vibes, serious intent: 0%
Post-Christmas—new year, new house energy: 20%
There’s no bad time to sell—it’s all about the hustle: 80%
Appreciate you chiming in!
🎉 Fun Fact of the Day:
Real Estate Tax Write-Offs, Anyone?: Did you know that the Eiffel Tower pays zero property taxes? Because it’s considered a “temporary” structure. The loophole game is strong—even for monuments.
📚 Book Recommendation:
"High Performance Habits: How Extraordinary People Become That Way" by Brendon Burchard — You know those people who seem to have their lives dialed in—crushing goals, staying positive, and somehow squeezing 25 hours out of a day? Yeah, turns out they’re not mutants. They’re just working smarter, and Brendon Burchard breaks it all down here.
This book isn’t about vague “hustle harder” advice. It’s a tactical playbook for building habits that actually move the needle—whether that’s getting more deals closed, managing your time like a boss, or just not feeling burnt out by Thursday.
The best part? It’s not just for the lucky few. These habits are learnable, repeatable, and ready to plug into your life. Give it a read, and watch how quickly you go from grinding to thriving. 🔥
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 agile, stay ambitious, and remember—every great success story starts with one bold step. Let’s go write yours!
What did you think of today’s edition?
Hit ‘reply’ to this email and let us know!
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