What’s on the financial calendar for the week of 1/1 – 1/5
The following events, announcement and reports are scheduled for the first week of 2024 and may have an impact on the mortgage or financial markets:
Monday, January 1st
New Year’s Day – No events scheduled
Tuesday, January 2nd
S&P final U.S. manufacturing PMI – Dec 2023
Construction spending – Nov 2023
Wednesday, January 3rd
Richmond Fed President Tom Barkin speaks
U.S. job openings – Nov 2023
Auto sales – Dec 2023
Minutes of Fed’s December meeting
Thursday, January 4th
ADP employment – Dec 2023
Initial jobless claims – Week of Dec 30th
S&P final U.S. services PMI – Dec 2023
Friday, January 5th
U.S. employment report – Dec 2023
U.S. unemployment rate – Dec 2023
U.S. hourly wages – Dec 2023 & year-over-year
ISM services – Dec 2023
Factory orders – Nov 2023
Richmond Fed President Tom Barkin speaks
What’s the outlook for Florida real estate in 2024?
Markets throughout Florida, especially southern Florida, have remained hot while other parts of the country have seen a decrease in activity. Will that trend hold in 2024? NBC Miami reviewed the data, spoke to experts, and asked for a few predictions for the Florida housing market in 2024.
Mortgage rates are still lower than their peak from the past Fall, and some experts are predicting rates to head even lower by the end of the year.
Local real estate broker Elisha Lopez said, “With rates already dropping, interest rates and that little bug, that perception for buyers, especially first time home buyers that have been sitting on the sideline for over a year now waiting for rates to come down, it’s already triggering, I guess you could say, the hype that it’s time to buy.”
When it comes to prices, Lopez said the following, “There’s more inventory now, but if you flood the market again with buyers that are going to start looking out anyway and then all those buyers that have been waiting, the natural thing that’s going to happen is that prices are going to go up because there’s so much demand again.”
Where can you live & get a White Christmas?
Was your Christmas a little too green this year? Realtor.com has found five affordable markets that rank among America’s snowiest cities.
Eagle River, AK came in first on their list and it can deliver snowy weather. Located just outside of Anchorage, the Eagle River area ranks 11th on Fox Weather’s snowiest cities list.
Parks, AZ, located outside of Flagstaff came in second. The popular ski destination ranks 6th for total snowfall on Fox Weather’s rankings and has affordable listings available.
Towns near Boulder, CO, Erie, PA, and Syracuse, NY rounded out the list as wintery destinations with affordable homes available.
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