Real Estatin' the Facts

  Here's the weekly round-up of news. Check it out, save it for later, and/or share it with your friends. ⁠ - Market Minute Write up...  The takeover of Silicon Valley Bank by Federal Regulators last week has ushered in new economic uncertainty to the forecast that has spooked investors and cast doubts about what the Federal Reserve will do at its upcoming meeting, with markets anticipating a less aggressive posture amidst a potentially softer economic backdrop. This uncertainty about broader exposure has fueled a rally in the bond market as investors flee to safety, which has already begun to lower yields and mortgage rates have started to follow suit after above 7% in recent weeks. Still, labor market data suggests that the economy is still running hotter than the Fed would like it to, and the upcoming inflation report will play a large role in whatever action they decide to take later this month.  READ MORE    - Foreign Buyers Call U.S. Housing Market ‘Excellent’...  Wealthy int

Here's the weekly round-up of news. Check it out, save it for later, and/or share it with your friends.  “More Homes on the Market Act,” reintroduced by House Representatives Jimmy Panetta (D-CA) and Mike Kelly (R-PA). increases the capital gain exclusion amounts on the sale of a principal residence to $500,000 for single filers and $1 million for joint filers and indexes the exclusion for inflation.  READ MORE     Market Minute Write up… While the Fed’s hawkish interest rate policy was expected to slow the economy and inflation, recent data continues to suggest otherwise. Despite the ISM services index slowing from the previous month, the service sector still expanded and is keeping pressure on prices. The labor market remains tight and is still not showing signs of deterioration with new weekly jobless claims remaining under 200,000 for the seventh consecutive week.  READ MORE     #siliconvalleytrusteepartners   #seniorrealestatespecialist   #siliconvalleyrealtor   #realestatecal