Market Moves, Homeowner Wins, and a Side of Gratitude
November 22, 2024

Written By: Brandi Paucek
November 22, 2024
30-yr fixed | 6.92% |
15-yr fixed | 6.18% |
30-yr fixed FHA | 6.65% |
30-yr fixed VA | 6.52% |
Housing News Week
Although this week’s news supported continuing appreciation, lower rents, and the slowing of inflation, interest rate pricing remained within the bottom of the range we’ve been in for the last month. Three important dates left in the year could move the market— PCE 11/27, BLS 12/5, and Fed meeting 12/18. Expectations are low that any of these will be significant. It is more likely that significant movement won’t occur until sometime in the late first quarter of 2025.
Homeowner Wealth
Today’s homeowners have 42 times as much wealth as renters. This is the full-stop stat to share with anyone arguing that renting today is cheaper and makes more sense than purchasing a home.
My Favorite Things: Thanksgiving
Thanksgiving is a time of year to be grateful for all of the blessings I have received over the past year. I have an amazing family I get to spend time with, a home I love, and great friends I can count on for good times or support when I’m in a tough spot. Professionally, it’s not been the best year for numbers, but I know I’ve grown in the experiences with my team at home and in the office. I’m looking forward to ending this year and getting into 2025 for sure, but I appreciate and have gratitude for 2024! I wish you and your family the best as the holiday season ends the year!
Upcoming Event: Client & Partner Appreciation Movie Night!
Thursday, 12/5, 5-7 PM | Harkins Camelview, Scottsdale Fashion Square
Join us for a complimentary showing of the critically acclaimed Moana 2! The popcorn and company are free! Bring the kids to enjoy a fun night before the craziness of the holidays begins. Can’t wait to see you there!