Just as I spoke about last week, the markets are digesting the election results and forming opinions on exactly what it all means. At the same time, as nominees for cabinet positions are being announced, the markets must think about what direction or policies may result from each selection. This will continue as the final votes are counted, selections made, and discussions are had about what it all means; and yes, we had a 25bp cut by the FED which has made it clear that the direction for the FED Funds Rate will continue to be lower. All of that said, we saw continued volatility in the bond markets as we mixed emotional reactions to information with the real time data that results from this information.
The CPI number on Wednesday was about what was anticipated but inflation in some areas still puts pressure and doubt on IF all is as we would like it to be. Not to mention, despite all the election news and reaction to it, many of the numbers we are looking at still don’t fully include the impact on two major hurricanes that tore up Florida, Geogia, and North Carolina. So, expect continued volatility going forward with the ultimate direction of rates trending lower, SLOWER than we would like!
Finally, you must really take some time to look at your own numbers and chart the final 30 days to bring in deals that will close in 2024. You also need to look at your referral partners and speak to each one of them and talk about what you can do together to make those last few dels of 2024 come together. For a real estate agent, one or two transactions can make or break their entire year! You must remind them that there are things you can do together to help make that possibility a reality!
If you need help navigating the last few production days of 2024 or help working out the kinks in your business plan for 2025, please reach out: This email address is being protected from spambots. You need JavaScript enabled to view it. and remember, get that CE done NOW!
