What’s on the economic calendar for the week of 10/9 to 10/14?

Key financial events for the week of 10/9 – 10/14

The following events, announcements and reports may have an impact on the financial markets this week:

Monday, October 9^th

Dallas Fed President Logan speaks
Fed Gov. Jefferson speaks

Tuesday, October 10^th

NFIB optimism index – Sept 2023
Wholesale inventories – Aug 2023

Wednesday, October 11^th

Producer price index – Sept 2023 & year-over-year
Core PPI – Sept 2023 & year-over-year
Minutes of Fed’s September FOMC meeting

Thursday, October 12^th

Initial jobless claims – Oct. 7
Consumer price index – Sept 2023 & year-over-year
Core CPI – Sept 2023 & year-over-year

Friday, October 13^th

Import price index – Sept 2023
Import price index minus fuel – Sept 2023
Consumer sentiment (preliminary) – Oct 2023  

What are real estate agents saying about 2024?

The calendar has already flipped to October, and that means that January 2024 is only a few months away. A recent article featured at Yahoo! Finance surveyed several real estate agents to see how they saw the housing market in the upcoming year.

The biggest takeaway from their predictions was that tight inventory and high demand will continue to dominate the market in 2024. Bret Weinstein, CEO of Guide Real Estate in Denver, stated, ““Inventory is going to remain extremely tight, the golden handcuffs of low interest rates. People are locked in and not incentivized to sell their homes.”

However, Weinstein also expressed optimism if the Federal Reserve starts to lower interest rates, “If we see interest rates go down even a little bit, there’s a ton of suppressed buyer demand, so over the next year expect more buyers but still less inventory and equity.”

Debbie Boggs, a real estate agent in San Antonio and Austin, is looking toward an increase in the average days on market before housing prices cool off.

Boggs said, “We are likely to see an increase in DOM before we see large-scale drops in housing prices. At the same time, the real estate market has a big recency bias. If a seller knows their next-door neighbor sold their home for $800,000 six months ago, that is their benchmark for what they expect to sell their own home for. This duality is likely to increase days on market.”

Is it possible to afford a castle for less than $1 million?

Towers, turrets, and dramatic architecture. These are just a few of the thoughts that spring to mind when thinking about living in a castle. While castles in Europe may go for millions, it is possible to own an ’American Castle’ for less than $1 million.

Realtor.com has found several properties throughout the country that may make your dreams of living in a castle a reality without costing seven figures.

For example, a property located in Orion, IL was built in 1895 and boasts impressive turrets and towers that are associated with castle living. The home is 7,559 sq. ft. and comes with six bedrooms and two baths along with 27 wooded acres. The castle in Orion, IL has original hardwood floors, three coal fireplaces, high ceilings, and a spiral staircase. The cost? Only $700,000.