What’s on the financial calendar for the week of Jan 22 – Jan 26?

Modern farmhouse design with beautiful white siding | mortgage rate news

What’s on this week’s financial calendar?

The following events, reports, and announcements are scheduled for the week of January 22nd through January 26th:

Monday, January 22nd

U.S. leading economic indicators – December 2023

Tuesday, January 23rd

None scheduled

Wednesday, January 24th

S&P flash U.S. service PMI – January 2023
S&P flash U.S. manufacturing PMI – January 2023

Thursday, January 25th

Q4 GDP (preliminary)
Initial jobless claims – Week of January 20th
Durable goods orders – December 2023
Durable goods minus transportation – December 2023
Advanced U.S. trade balance in goods – December 2023
Advanced retail inventories – December 2023
Advanced wholesale inventories – December 2023
New home sales – December 2023

Friday, January 26th

Personal income – December 2023
Personal spending – December 2023
PCE index – December 2023 & year-over-year
Core PCE index – December 2023 & year-over-year
Pending home sales – December 2023

Could the housing market take off in 2024?

According to recent analysis of the new home construction market, 2024 could see a renaissance for homebuyers looking to buy a new home.

National Association of Home Builders CEO Jim Tobin recently spoke to the team at Yahoo! Finance. According to Tobin, 2024 should see higher demand and greater construction than we’ve seen in previous years.

Tobin said, “I think we’re heading towards a housing renaissance. I think 2024 is shaping up to be that pivot year where we leave the doldrums of the post-COVID slowdown and we really pivot into the next five or six years of the housing market where we’re going to see some great growth. I’m very optimistic.”

Housing permits have seen increases in demand in November and December. Housing starts are up 7.6% from a year ago.

Can you find a modern farmhouse for less than $500k?

While existing home prices are still elevated nationally, there are areas that you may be able to find a dream home if you’re willing to look. Realtor.com looked into the modern farmhouse trend and discovered five homes priced at less than $500k that can make your dream of farm living come true.

The list from Realtor.com shows homes in Douglasville, GA, Houston, TX, and Ray Township, MI. All are priced lower than $500k and most include property in addition to the home.

The Douglasville property is built on a half-acre, and offers three bedrooms and 2 ½ baths. It’s also new construction, so it essentially allows the first owner to update it as they see fit. The plank wood flooring and white cabinetry are neutral enough to accommodate most color schemes. It also has a fireplace and a kitchen with stainless steel appliances.

Do you have a modern farmhouse that you’ve had your eye on? Check out our current mortgage rates and apply for a pre-approval today!

in 10 minutes?

The pre-approval process is lightning fast, and can be completed
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)

Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. 

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