Real Estate News 02/26/2024

Today’s News Synopsis:

Markets are now pricing in three interest rate cuts for 2024, in line with the Fed’s most recent forecast and down from a former consensus of six cuts seen back in December, per Bloomberg data. 

In The News:

Yahoo Finance – “Wall Street is pushing back its interest rate cut hopes“ (02-24-24)

“n Goldman’s new forecast, Hatzius referenced comments from Fed Governor Christopher Waller who said on Thursday that “another couple” of months of inflation data are needed to decide whether January’s hotter-than-expected Consumer Price Index (CPI) report was a “speed bump or a pothole.””

CNBC –  “Aspiring homeowners say they face two major obstacles to buying. Here’s why 20% say it’ll ‘never’ happen” (02-26-2024)

“More than half of aspiring homeowners say cost of living and insufficient income make it difficult to afford a down payment and closing costs for a home, according to a new report by Bankrate.”

uDirect IRA –  “EXPLORING SELF-STORAGE PROPERTIES” (02-26-24)

“Investing your self-directed retirement account in alternative assets can offer exciting opportunities beyond traditional stocks and bonds. One such avenue gaining traction is investing in self-storage properties. In this article, we’ll delve into the world of self-storage property investments within self-directed retirement accounts, examining the pros and cons to help you make informed investment decisions.”

Yahoo Finance –  “Here’s how SECURE 2.0 helps student loan borrowers save for retirement” (02-26-2024)

“Borrowers now have a chance to use their student loan payments to contribute to their retirement accounts under a voluntary provision of the SECURE 2.0 Act that recently took effect.”

NAR-  “Young Real Estate Leaders Share Their Experience Snapshot of Race and Home Buying in America” (02-06-24)

“Increasingly, millennials and Gen-Z are entering into leadership positions in the industry, and they’re sharing what they’ve learned.”