Weekly Newsletter #66
Quote of the day: "Success in real estate starts when you believe you are worthy of it." — Michael Ferrara
What We’re Up To
Welcome to the 66th issue of the TGFLIP Marketing Agency Newsletter!
Our goal with this newsletter is to provide you with the latest news, insights, and best practices in marketing, with a focus on real estate and small business marketing.
October Real Estate News Wrap-up
Hello Real Estate Pros!
As October wraps up, we've gathered the top stories you need to know that shaped this month’s housing market. From rising mortgage rates to the upcoming election’s potential impact on housing affordability, here’s your quick read to stay informed.
1. Mortgage Rates Keep Climbing, But Don't Panic Yet!
What’s Happening?
Mortgage rates ticked up for the third straight week, with the 30-year fixed-rate averaging 6.44%. While this marks a rise, it's still over one point lower than this time last year.
Takeaway: Home buyers should shop around for the best mortgage deal as rates vary between lenders.
Source: here
2. Immigration Crackdown Could Mean Fewer Builders, Higher Prices
What’s Happening?
Former President Trump’s proposal to deport millions of undocumented workers could hit home builders hard. With 30% of trade jobs filled by foreign-born workers, fewer laborers would mean slower projects and higher construction costs.
Takeaway: A workforce shortage could lead to even steeper housing prices, especially in states like Florida and Texas.
Source: here
3. Commercial Real Estate Recovery Is Here, but It's Uneven
What’s Happening?
The Fed's recent rate cuts may finally be offering relief to the commercial real estate sector. Sales volumes are starting to pick up, though challenges like weak tenant demand remain.
Takeaway: While the market is improving, the recovery will take time. Deals are expected to continue gaining momentum as rates ease further.
Source: here
4. Pending Home Sales Spike 2.5% in September
What’s Happening?
Pending home sales surged by 2.5% in September, marking the largest increase in nearly two years. With mortgage rates falling briefly during the month, eager buyers jumped on the opportunity.
Takeaway: This spike shows that when conditions are right, buyers are ready—highlighting the continued importance of timing in the real estate market.
Source: here
5. Renters Focus on Housing Affordability as a Key Election Issue
What’s Happening?
In a recent survey, 32% of renters identified housing affordability as a top-three issue in the upcoming presidential election. With housing costs on the rise, this is likely to be a pivotal concern for millions of Americans.
Takeaway: As the election approaches, expect housing affordability to be a major topic of discussion, especially for renters.
Source: here
Need Help Marketing Your Property?
At TGFLIP Marketing Agency, we understand how critical it is to navigate these shifting market trends. Whether you need to attract buyers, leverage video marketing, or grow your real estate business, we can help. Let’s chat and get your property noticed!
Contact us today to see how we can help boost your marketing efforts and reach more buyers effectively!
That’s your October real estate news wrap-up! Stay tuned for more insights next month.
Wishing you a profitable month ahead,
TGFLIP Marketing Team
Comments