What’s on the financial calendar for the week of 9/25 – 9/29?

A small Cape Cod Cottage | mortgage rate news

What does the financial calendar look like for this week?

The following events, announcements and reports are scheduled for the following week and could have an impact on market movement:

Monday, September 25th

None scheduled

Tuesday, September 26th

New home sales – August 2023
S&P Case-Shiller home price index – July 2023
Consumer confidence – September 2023
Fed Gov. Bowman speaks

Wednesday, September 27th

Durable goods orders – August 2023
Durable goods minus transportation – August 2023

Thursday, September 28th

Initial jobless claims – Sept 23
GDP – Q2 2023
Fed Gov. Cook speaks
Fed Chairman Powell speaks

Friday, September 29th

Personal income – August 2023
Personal spending – August 2023
PCE index – August 2023 & year-over-year
Core PCE index – August 2023 & year-over-year
Advanced U.S. trade balance in goods – August 2023
Advanced retail inventories – August 2023
Advanced wholesale inventories – August 2023
Chicago Business Barometer – September 2023
Consumer sentiment (final) – September 2023

How promising is the future of housing?

In a recent interview, data scientist Sabrian Speianu of Realtor.com expressed optimism about the immediate future of the housing market.

When it comes to market stability, Speianu stated, “Looking ahead, if incoming data continues to align with market expectations, it sets a promising tone for the housing market’s stability. This, in turn, provides a conducive environment for both buyers and sellers to make more effective long-term plans.”

She was also asked about home prices, and had the following to say, “Heading further into the fall season, home listing prices continue to be propped up by a low existing home inventory, as higher mortgage rates contribute to an ongoing existing home inventory crunch.”

When asked for a home price prediction, Speianu said, “It looks like we might stay slightly ahead of last year’s figures throughout the autumn and winter months.”

She was also asked about inventory, and said, “As the inventory of existing homes remains tight, new construction has emerged as an enticing alternative for prospective buyers.”

Will the current trends hold and play out as the data expects? This housing market has proven a challenge to predict and could end up surprising market watchers.

Is it possible to find an affordable Cape Cod-style home?

Despite the current mortgage rate environment and elevated housing costs, it’s still possible to find an affordable Cape Cod-style home, if you look. Realtor.com has scoured the current listings and found five options located throughout the country and priced under $300k.

They found 1967 Penfield Road in Penfield, NY priced at $235k. This home was built in 1941 and offers three bedrooms, 1 ½ baths, and 1,212 sq. ft. The home also features a two-car garage, a partially finished basement and a grassy half-acre yard.

They also found 1039 Kingman Avenue in Red Wing, MN. This home offers three bedrooms, three bathrooms, and almost 2,000 sq. ft. of living space.

Affordable housing is attainable, and even adorable, but finding it may require some flexibility on location and size.

in 10 minutes?

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in under 10 minutes. Grab a few important documents to get started.
  1. Tax Returns
  2. Copies of W-2s (or 1099s for independent contractors,
    freelancers and the self-employed)
  3. A payroll stub
  4. A bank statement
  5. Loan obligation info (student loans,
    auto loans and credit cards)

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