Crucial developments are changing the country as a whole in the US as of 18th December 2024.

A detailed summary is given below: Political and Government Measures

Banning of US investments in China

The American Congress is about to vote on the laws prohibiting Americans from investing in Chinese technology, targeting artificial intelligence and microelectronics. This effort is designed to resolve issues regarding national security as it shows measures to concern about the packages to fund the government so that federal activities continue until the middle of March.

Renovation of RFK Stadium

The American Congress has passed a bill that will allow Rexon to redevelop the RFK stadium in the district ardent S Senior Sc and lease it for 99 years. This will allow the Washington commanders to return to their esteemed location rent-free.

Economic Indices Housing Market Update

US single-family home building saw a strong upturn in November after a slump caused by the hurricane. US housing starts were up by 6.4%, reaching 1.011 million units on an annual basis. Recent cuts in interest rates by the US Federal Reserve have seen the average 30-year fixed mortgage rate floating around 7, affecting the housing market as well.

Transportation and Communication

Increase in the Number of Flights Operating from Washington Reagan National Airport

The US Department of Transport has confirmed five extra daily round trips from Washington Reagan National Airport.

Flights to STL, Seattle, San Francisco, Las Vegas, San Diego, and San Antonio will soon be available through United, American, and Delta airlines. These are new developments that will be available in 90 days.

Sports Segment

Significant changes have occurred recently for the Washington Commanders, who have signed Tyree Jackson as a Tight End on their practice squad. Additionally, their week 17 game against the Atlanta Falcons has been moved to SMT for its playoff participation. The team is currently reviewing the legislative news regarding the RFK stadium location.

Safety and Education

A tragic mass shooting incident took place at the Abundant Life Christian School located in Madison, Wisconsin. The Authorities stated that a 17-year-old child was the perpetrator, opening fire and killing two children while injuring five and eventually killing himself, all during a school event. The community is left devastated, and the police are investigating the shooting.

Technology/ Security

Various regions in New Jersey are beginning to voice concerns regarding the unidentified drones hovering over the area.

Federal agencies are investigating these events and the reason for the use of drones and have urged the public to report unusual drone activity.

Transitioning Politics

Donald Trump has been regularly making cabinet announcements and policy appointments, with recent updates about the current presidency and electoral results. Discussions are ongoing about decreasing funds for the implementation of charging stations and defunding electric cars, which suggests a change in energy and environmental strategies as a result of the new president.

This would encompass varied political events within the United States, new policies, economic reports, infrastructural growth, sporting events, and safety from farm technological growth.

Since December 17, 2024, the country has witnessed key developments that have impacted the U.S. Here is an in-depth summary:

Federal Funding and Disaster Aid

Congress is reportedly close to inking a funding deal to keep all federal government services running until March 14. This bipartisan agreement allocates more than $100 billion for emergency relief to aid local and state authorities recover from natural disasters such as hurricanes Milton and Helene. Additionally, $10 billion has been allocated in aid for farmers.

The House is expected to vote on the agreement to avert a partial lockdown on government services and allow the decisions regarding the budget to be made after the new president-elect, Donald Trump, and Congress are in place. This vote is believed to push the trimming deadline to January.

Recent East Coast Mysterious Drone Sightings

The FBI and Department of Homeland Security have stated that many of the reports of unexplained drone activity that have surfaced from several East Coast states are civilian, recreational, or police drones, as well as aircraft.

There is no evidence that these UAVs pose any danger to the general population. Instead, they claim that there is a concern for drone surveillance and, therefore, many suspected incidents of antisocial behavior. Dazzling light meters are currently being conducted.

Tragic School Shooting in Wisconsin

Wisconsin School Shooting Update: The Mother is Presently Charged With Closer for the Investigation.

A male student and a teacher were shot dead by Ms Natalie Rupnow, 15. During the attack, she was armed with a 9mm pistol, which she used to open fire.

The incident took place at Abundant Life Christian School, located in Madison, Wisconsin, and it left six individuals hurt. Rupnow ended up taking her own life later on. Her community is currently grieving, and there have been fierce protests requesting the Wisconsin and American politicians to step up and put stricter regulations around gun ownership.

Environmental Concerns at the Hanford Site

Surrounded by leaking tanks and containing 56 million gallons worth of nuclear waste, it is one of the most heavily taken care of sites ever to exist.

The site underwent serious clean-up procedures to gain the vocal documentation that had been prepared since 1989. To tackle the nuclear waste issue, they turned it into glass only to make the long-term storage sit better in glass for a long time. This might be one of the most expensive projects, with costs potentially reaching the hundred billion dollar range, and might take decades to clean up completely. However, major concerns like groundwater contamination and leaking tanks are still hot topics for debate and discussion.

Economic Developments and Market Movements

• The Federal Reserve expects to go for another rate cut in the final meeting of the year.
• Political instability in Canada and Germany has resulted in turmoil in U.S. Treasury bonds.
• Long-term neutral rates are suggested to remain above 3, with the addition of long-term projections hinting at only two permitted cuts next year.
• Furthermore, Donald Trump’s plans to establish a Bitcoin reserve to eliminate the national debt have raised additional red flags among market analysts.

Sports Highlights

In the NFL, covering defender Marshon Lattimore’s endeavors have paid on the trade for the Washington Team in their showdown against the Eagles. Community efforts and field exploits define rookie quarterback Jayden Daniels, who recently gifted 100 local kids bicycles. With key performances by players Daniels and Terry McLaurin, the team’s performance this season has only ever been matched in terms of initial performance in 1992.

Political Calendar

Important dates in the U.S. political calendar that coincide with the end of the year are December 17, this year, when the electors of the U.S. president and vice president will meet in their respective capitals to cast their votes for the President and Vice President.

As mentioned, the 119th Congress, with the inauguration of the U.S. president and the formal certification of the election results, will begin on January 3, 2025. These events emphasize the context of national U.S. news as of December 17, 2024, including the passage of newly aghast public legislation, public and environmental crises, concerns, economic developments, and sporting and political events.

Mortgage and Real Estate News Weekend Edition: Market Wrap-Up Update (December 16 – December 21, 2024):

Mortgage Rates

Current Rates:

• The average 30-year fixed mortgage rate is steady at 6.4% as of December 21, with the average fifteen-year fixed in the 5.8% region.
• The ongoing stability during a slow period provides some relief to home buyers.

Market Influences:

• Inflation figures and the Federal Reserve’s message on the likely direction of interest rates have contributed to fluctuations in existing economic indicators, keeping mortgage rates slightly further tempered.

Home Sales Activity

Existing Home Sales:

• In November, the National Association of Realtors registered a surge of 1.5% in existing home sales.
• This increase signals a boost in buyer activity for that month, caused primarily by seasonal changes and a subsequent boost in buyer activity.

Pending Home Sales:

• The market shows signs of strength going into the new year, as pending home sales also bumped by 2.3% during November.

Housing Inventory

Inventory Levels:

• Despite the increase in sales, housing inventory remains tight.
• The current supply of homes is around 2.7.
• This number is fairly low compared to the historical average of six over the months.

New Listings:

• In December, new listings noted an increase of 4%, which is commendable.
• This further shows that despite sellers’ affordability challenges.
• There is still a willingness to join the real estate bandwagon.

Home Prices

Price Trends:

• The median existing home price has served as a foremost determinant in history.
• The average selling price at the national level was $370,000, down almost two percent compared to the past year.

Regional Variations:

• Particular regions within the Southern and Midwestern parts of America are either showing slight rises in value or stabilization of values, in contrast to the major restructuring occurring within the Californian and New York markets.

Foreclosure Rates

Foreclosure Data:

• Financial strains on borrowers rapidly increase, resulting in foreclosure filings soaring by 10% in the last month.
• Significant activity has been done in foreclosures in Nevada and New Jersey.

Government Response:

• Local governments are trying to implement support measures for families facing foreclosure.
• These measures incorporate counseling services and monetary support.

Regulatory Developments

Federal Reserve Meetings:

• Over the recent months, mortgage rates have demonstrated signs of higher stability than in the past.
• This is due to the federal funds rate remaining steady after the Federal Reserve’s recent meeting.

Legislative Initiatives:

• Congress is paying attention to ongoing discussions on amending housing policies such as zoning laws and increasing funding for affordable housing.

Market Outlook

Outlook Towards 2025:

• Analysts expect the housing market to stabilize further in early 2025 if there are more sellers since there might be more inventory.
• However, other headwinds, like high mortgage rates and economic uncertainty, may continue to dampen buyer demand in the property market.

Affordability Constraints:

• The affordability constraint continues to be serious, especially for first-time buyers.
• More attention to the developments of economic factors and interest rate fluctuations will be very important for the housing market’s health in the months close to the elections.

The picture of the mortgage and real estate market between 16 and December 21, 2024, resembles a guarded optimism given the developing challenges. There are signs of home sales picking up modestly and mortgage interest rates stabilizing, which is positive. In contrast, supplies and affordability remain key drivers in the lead-up to the new year. The key economic indicators and regulatory measures have given clues on what to anticipate in housing for 2025.

• This discussion was modified 2 months ago by  Gustan Cho.
• This discussion was modified 2 months ago by  Gustan Cho.

Summary of National U.S. Headline News for December 20 December 20, 2024

Economy and Markets

Stock Market Performance:

• On the eve of Christmas, the economy is feeling a little gray, with stock prices on the S&P 500 lowering by 0.2% and the Dow Jones Industrial increasing by 0.5%.
• Investors are shedding any hope of seeing the stock market go upward due to mixed economic data and inflation, making long-term forecasts look dismal.

Inflation Rates

The Consumer Price Index (CPI) indicated in its latest report that inflation was around 3.8%. While these numbers were slightly higher than expected, this raises questions about the Federal Reserve’s policy going forward.

Housing Market

Mortgage Rates:

• Potential housing buyers were provided respite as the mortgage rates hovered around 6.4%.
• , in the long run, this will further exacerbate the issue of housing affordability.

Foreclosure Rates:

• Recently released reports indicate that the number of foreclosure filings in various states, including New Jersey and Nevada, has spiked, calling for timely state intervention measures to curb the problem of housing affordability.

Politics

2024 Presidential Election:

• Recent polls show a close race in the Democratic contest.
• While Mr. Biden is predicted to lead, Mr. Andrew has also posed a threat as the Democratic candidates put more effort into campaigning on the primaries’ eve.

Legislation Update:

• In Congress, discussions are going around the need for a new infrastructure for rural broadband transportation.
• As a bipartisan bill is being drafted, progress on the bill seems fairly realistic to come within the next few months.

Public Health Issues

October 2022 Update: The COVID-19 pandemic has shown modest rises during this period due to the ongoing hospitalization of people, which has led to a conversation surrounding vaccination campaigns and booster campaigns against variants.

Mental Health

Mental health services have seen growth. It is important to understand the root cause of poor mental health. The federal government is aiding in the improvement of the mental health of veterans and anyone else who lacks access to it.

Environment

Severe Weather:

• Weather agencies have predicted snowfall and harsh weather for parts of the Midwest in the upcoming week.
• A severe weather warning has been issued to highlight the dramatic impacts.

Climate Change:

• The ongoing climate change in America has drastically changed many circumstances.
• The American government is maximizing efforts to rectify the growing climate change through Investments in renewable energy and strategies to reduce carbon emissions.

Social Issues strictly related to Guns and Energy.

Women and Gender Rights:

• The shooting that took place recently shed light on and revived the gun control debates.
• This event alone had a touch on gun safety advocates who lobbied the government to implement regulations around guns before the new year set in.

Education Policy

• Student debt and increased education qualifications are still the center of attention around educational reforms.
• That attention will amplify as we approach the latter part of 2025.

Technology and Innovation

Cybersecurity Concerns:

• Due to the increase in threats caused by the war, the government is making efforts to ensure security through cyber attacks and is channeling more funds into those initiatives.

Political Changes and Economy

As of December 20, 2024, the country is certainly experiencing many social issues, such as political activity and economic problems simultaneously. The end of the year will clearly show the key points for the year ahead: housing, public health, or legislative priorities.

Tech Industry Developments

Most businesses in the technology sector continue to grow unbothered. However, representatives of the advertising industry have recently seen some of the world’s largest companies, like Netflix, Spotify, and Facebook, announce massive layoffs due to the drop in ad revenues caused by the economy and other factors, worrying about the industry’s future expansion.

https://www.youtube.com/watch?v=xGtUYs5iyfA&ab_channel=CBSNews

As of December 19, 2024, the U.S. mortgage and real estate markets have made significant progress that affects buyers, sellers, and investors.

Here’s a detailed summary :Trends in Mortgages

Current Averages:

• The typical rate for 30-year fixed mortgages is 6.72 percent, compared to 6.60 percent a week ago.
• This increase is partly fueled by the Fed’s recent prediction that there will be fewer rate cuts in 2025 than anticipated.

Actions of the Federal Reserve

Revised forecasts from the Federal Reserve have altered long-run views of the economy. They are attributed to the recent increase in mortgage rates. The long-run expectations showed caution for investors who were looking for more aggressive cuts in the near future.

Expert Predictions

Economists predict that rates will remain above 6 cents through 2025. Some estimates peak as high as 6.8 cents. These estimates are attributed to the risks of inflation and rising debt issued from the government’s uses.

Dynamics of the Housing Market

Homes on Sale:

• In November, the sale of already-owned homes in America rose for a third month, reaching an annualized rate of 4.2 units.
• Considering the context of last year, this is an increase of 6.1 percent and the highest annual increase since 2021.
• In light of this surge, predictions for the year indicate a house shipment on a scale comparable to 1995.

Home Prices

The transition in the U.S. recession posted buck sales prices of up to $406,100 in November. The data shows an increasing average sales price driven by increased demand in the housing market regardless of unprecedented mortgage rates.

Inventory Levels

By the end of November, inventories comprised 1.33 million homes, a 17.7% increase from current sales. Despite this surge in homes, the market remains competitive, with >30% fewer stocks than those pre-COVID.

Builder Activity

Lennar Corporation:

• A leading bill in home sales, Lennar reported a dip in sales owing to the higher interest rates of mortgages.
• The brand hinted at a shift in strategy to lower prices further.
• However, the current quarter prediction does not seem promising, as earnings from home sales are the lowest in over six years.

Market Predictions

Looking Forward To Buying A House:

• Real estate expert Barbara Corcoran predicts a surge in condo buying activity if loan costs decrease to just 5%.
• This is because Ms Barbara believes that such a decrease in mortgage costs will cause the real estate market to explode.
• Loan costs have decreased to 6.6% from 6% to 7%.

The mortgage rate and the real estate industry in the U.S. are experiencing a combination of increasing mortgage rates, more home sales, and new strategies by builders. Economic drivers, Federal Reserve activities, and other developments should be tracked to make proper decisions in this volatile framework.

https://www.youtube.com/watch?v=Arm-B_jWugc&ab_channel=OneRentalataTime

• This discussion was modified 2 months ago by  Gustan Cho.

Fresh Update on National Mortgage and Real Estate News highlights for December 20, 2024.

National Mortgage And Real Estate News

Trends in Mortgage Rates

The average 30-year fixed mortgage rate has remained consistent at 6.4, dropping fractionally compared to last week, offering a tiny amount of hope for future buyers in this market.

End of The Year Home Sales Statistics:

Data recently disclosed highlights that existing home sales have grown by 2% as of December, highlighting a slow market recovery as sellers take advantage of lower rates before the start of the new year.

Newly Built Properties

The United States Census Bureau announced a 15% growth in the start of new housing units for November; this can be attributed to the demand for individually owned homes. Builders are meeting the constant demand for housing.

Rates Of Foreclosure

The foreclosure rate continues to be at 0.4 percent, which is still lower than expected. This all hints towards stability in the economy and assistance to homeowners with increased property value in specific areas.

Dynamics Of The Rental Market

Renting, on average across the country, has surged by around 3.5 percent compared to last year. The major areas have significantly more demand because of the gradual change in work-from-home policies and tenants’ desire to be closer to their place of work.

Influences Of New Policies

New Federal housing policies to make properties more affordable and easier to obtain are expected to take effect in early 2025. These policies will affect mortgage rates and the amount of housing available.

Tech in Real Estate

The introduction of AI tools and the option of virtual tours is making real estate purchasing easier. Both buyers and agents are making good use of these add-ons.

Market Predictions for 2025

The younger generation will greatly influence the market, so it is predicted that 2025 will be a very busy and competitive housing market. It would be easy to assume that prices would also increase.

With favorable mortgage rates and encouraging sales and construction of homes, the real estate sector is exhibiting a healthy outlook as we near the end of 2024. When considering 2025, investors and buyers should be aware of market developments and potential legal changes that could impact their choices.

https://www.youtube.com/watch?v=Arm-B_jWugc&t=481s&ab_channel=OneRentalataTime

As far as the most recent update from December 16, 2024, is concerned, the mortgage and real estate sector is as follows:

Mortgage Rates

Current Statistics: The national average for a fixed-rate mortgage for a period of 30 years has decreased to approximately 6.6%, a reduction from 6.69% recorded a week before.

State Variations: Interest rates differ by state. Some states offer up to 6.68%, while others charge a high 7.09%.

Refinancing Rates

For the past 30 years, refinance mortgages have seen highs of 6.98%, which is eleven basis points greater than before.

Housing Market Trends

Home Sales: Compared to last year, house sales have increased by 22% over a month.

Home Prices: According to NAR, house prices will increase by 2%, and the median rise is estimated to be $410,700 thousand by 2025.

Inventory Levels

With stock inventory expectations low, more than $1.45 million housing unit sales are predicted for 2025 after the pandemic.

Expert InsightsMarket Predictions

Real estate expert Barbara Corcoran claims that if mortgage rates drop near 5%, the housing market will jump and go “ballistic.”

First-Time Buyers: First-time homebuyers account for less than a quarter of the entire market, an all-time low. There is a dire “urgency” for new buyers.

Home Renovations

Spending Trends: Due to the current state of home prices and mortgage rates, homeowners are more likely to spend more on renovations than moving.

Global Perspectives

UK Market: The UK house markets have seen exports slump for two months, resulting in average declines of £6395 in the December market.

China’s Market

During the last 17 months, house prices have depreciated slower than usual in China, which could indicate that the region’s property or real estate market is on its way to recovering and stabilizing.

Home buyers and real estate markets have been riling with activity, resulting in declining mortgage rates and stimulating purchasing and spending on home upgrades. Most experts in the field suggest that further step-downs in mortgage rates lead to much higher activity within the market, especially with those buying homes for the first time.

https://www.youtube.com/watch?v=GeSO9zBYeyc

• This discussion was modified 2 months, 1 week ago by  Gustan Cho.

This is an overview of the most recent national economic events as of December 16, 2024:

Economy and Inflation

The American economy continues to grow exponentially despite inflation, which is at its highest level since the 1970s, at around 2.8%, crossing the Federal Reserve’s target of around 2%.

Federal Reserve and Interest Rates

The Federal Reserve is expected to respond to the alarm that inflation has allegedly stayed too high, securing a default interest rate cut further to increase the rate to around 4.25-4.5%. In the upcoming years, policymakers are afraid to slow down rate cuts in 2025 to balance out the inflation risks.

Housing Market and Mortgage Rates

While the new forecast of around 6.3% in 2025 still maxes out at the affordable limits due to the ongoing sluggish housing market performance, home prices are projected to increase by 5% this year. Furthermore, the endless mortgage and home prices likely convince homeowners to spend extra income on renovations rather than buying new homes.

**The Stock Market and Treasuries: An Analysis**

U.S. stocks during President Trump’s tenure have risen by around 27%, and this increase can be witnessed along with the significant gains that the U.S. stock market experienced as the receiver of Donald Trump’s economic policies. As far as the bond market goes, it currently has signs of being under stress as the 10-year treasury note increase is above 4.4%. A reason for the increase could be out of concern regarding the rise in inflation promise and an increase in government spending.

Despite the above-mentioned inflationary concerns, the foreign interest in U.S. debt remains upward.

**Business Outlook: An Overview**

Those conducting business face the dual challenge of inflation, which only goes away with a careful approach to policymaking. The slow pace of rate cuts that the Federal Policy is expected to deploy means that interest rates on loans for both businesses and consumers are likely to remain high, which can impact plans for expansion and investment.

Considering everything, while the U.S. economy showcases signs of strength, inflation, housing affordability, and the prevailing market volatility remain concerning aspects to manage, which fall under the purview of policymakers and investors.

This is a brief review of recent national initiatives in different sectors of the economy as of December 16, 2024.

Economy & Inflation Rates

The United States economy is strong. Real GDP growth of 2.7% is expected for 2024, with added consumer expenditures and productivity growth.

Inflation is a problem regardless. It remains at a high annual rate of 2.8%, two percent over what the Federal Reserve stipulates as a limitation.

Federal Reserve and Interest Rates

The Federal Reserve will likely reduce interest rates by quarter points again this week, the third reduction in the current year. The federal fund’s target range is expected to be between 4.25 and 4.5 percent now. As the rate of increases has tapered off, a closer balance of inflation and labor capacity would result in rate cuts in 2025.

Stock Exchange Along With Treasuries

The economy will likely benefit from economic policies under Donald Trump’s second term, which translates into significant gains in stock markets. U.S. equities have risen by a whopping twenty-seven percent this year.

The bond markets, however, appear to be in distress as inflation appears to be a concern along with the rush for government debts for increased spending, as indicated by the increase in the yield for a 10-year treasury note to over 4.4%

As of December 16, 2024, here is a comprehensive overview of the latest national developments across various sectors:

Economy and Inflation

The U.S. economy is exhibiting robust growth, with real GDP expected to increase by 2.7% in 2024, driven by consumer spending and productivity gains.

However, inflation remains a concern, holding steady at an annual rate of 2.8%, above the Federal Reserve’s target of 2%.

Federal Reserve and Interest Rates

The Federal Reserve is expected to implement a quarter-point interest rate cut this week, marking the third consecutive reduction this year. This adjustment would increase the federal funds rate target to 4.25-4.5%. Policymakers are adopting a more cautious approach, indicating that the rate cuts may slow in 2025 to balance inflation risks and labor market strength.

Stock Market and Treasuries

The stock market has experienced significant gains, with U.S. stocks rising by 27% this year, partly attributed to economic policies under President-elect Donald Trump’s second term.

However, the bond market is showing signs of strain, with the yield on the 10-year Treasury note surpassing 4.4%. This increase reflects investor concerns about potential inflation and the growing supply of government debt to fund spending.

Housing and Mortgage Rates

The housing market is improving, as are mortgage rates and inventory, but the forecasts say otherwise. Due to a drop in mortgage rates, which are expected to touch 6.3% in 2025, home prices are expected to increase by 5 percent.

In addition, the reduction in purchasing new homes will increase home improvement spending.

Unemployment and Labor Market

The labor market remains stable as unemployment remains low and wage levels rise above inflation. The exception to this is contraction in certain industries, such as manufacturing. December saw a continuing decline in U.S. manufacturing as factory output hit 4.5-year lows.

Business Outlook

The businesses are working with a more elaborate dynamic while dealing with inflation and stagnant monetary policy.

Given that the Federal Reserve will not be slashing rates aggressively, the cost of loans to consumers and corporations could be maintained at a high level, affecting their willingness to invest or expand.

Political Developments

President-elect Donald Trump has commenced assembling his administration by making numerous important appointments. Susie Wiles has been selected as White House Chief of Staff, which is remarkable since this is the first time a woman will ever hold this position.

Also, Trump has picked candidates for various cabinet posts as he outlines the policies he wishes to pursue in the next term.

Global Political Climate

The political developments that one has recently witnessed globally present evidence of an exceptionally turbulent and transformational period. By defeating Kamala Harris, Donald Trump’s election as the President of the United States marked the end of an era of benevolent scientific rule. Other examples are the surcease of the German government’s existence over budget disagreements and the South Korean military’s declaration of martial law against a president’s wish only to have Congress reverse the situation.

To summarize, the U.S. economy may appear stable, albeit the processes of inflation, stagnancy in the housing markets, and volatility in the other markets need to be addressed. Policymakers and investors are extensively monitoring all these issues and the peculiar economic situation.

https://www.youtube.com/watch?v=2KSvn46epzU

• This discussion was modified 2 months, 1 week ago by  Gustan Cho.

On December 15, 2024, the U.S. mortgage and real estate market is expected to see the following changes:

Trends in Mortgage Rates and Market Development: Reduction of Current Mortgage Rates

The average fixed mortgage rate for 30 years has dropped from 6.69% to 6.6% for the third week. Potential homebuyers can sigh relief, especially as we enter a low-competition winter period.

People Looking To Purchase Homes Expected To Rise

The NAR estimates selling numbers to be higher than in 2025 with the 6% mortgage stabilization rate. The sale value of previously-sector-owned homes is expected to be $410,700, which is a modest increase of 2%. The availability of additional stock and the increase in the number of people relocating to metro areas are shaping the market.

Regional Market HighlightsOuter Suburbs Advancement

According to Australia’s report, outer suburbs and non-metropolitan regions are comparatively outperforming other metropolitan regions in household demand, and the time taken to sell homes is also significantly less. Two cities in Australia, Perth and Brisbane, have seen a major decline in the median selling time, indicating significant market growth after particular times.

Attraction of Myrtle Beach

Myrtle Beach, SC, is gaining traction with retirees. Between 2020 and 2023, the nation saw the maximum adult growth rate of those over 65.

The local housing market has different types of properties that appeal to a wide range of buyers.

Innovations and Industry ChallengesFrustrations in Mortgage Credit

In November, mortgage credit availability drastically dropped, with government indices dropping to the lowest since 2012. Reduced investor interest has affected the liquidity in the market.

Technological Advancements

There is a growing trend within the mortgage field of enhancing how customers are treated and supported during the lending process. Lenders are adapting new technologies that optimize business processes, lower costs, and address changing consumer needs to enhance and deliver value throughout the customer journey.

Consumer StrategiesApps for Mortgage Overpayment

Owners use Sprive and similar applications to make mortgage overpayments, likely reducing their terms and the total interest paid. These applications are linked to a bank account and offer cash back, and these savings contribute to such payments.

Market Outlook: Predictions for 2025

According to the experts, mortgage prices will stay around 6% in 2025, the new mark. These reductions would allow more buyers to enter the market after the interest rates increased previously. However, affordability will remain a barrier, especially in the more sought-out areas.

https://www.youtube.com/shorts/pQrWdi0KNtE

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If you’re looking to explore this forum or require more detailed information, you can access it here.

Several important issues are affecting the national outlook of the United States as of December 19, 2024.

The Following is a Detailed Summary:Government and Politics

Potential Government Shutdown:

• The U.S. Congress faces a possible government shutdown after President-elect Donald Trump declined the bipartisan spending bill while requiring that he remove the debt ceiling.
• A partial government shutdown will begin on Saturday if a new agreement is not reached.
• It will interrupt numerous government activities and result in more than 2 million federal employees being unable to receive their pay.
• Social Security payments, for example, are likely to be uninterrupted.

Financial Times Person of the Year

Donald Trump has been conferred the title of the Financial Times Person of the Year 2024 as he made a startling return in the political arena. This regard comes alongside the endorsement of substantial deregulation, tax reductions, and paradigmatic changes toward right-wing policies. Such plans include aggressive measures, including mass deportations, alongside stricter measures attempting to quell liberal institutions, which bear substantial repercussions across domestic and foreign business scenarios.

Public Health

Life Expectancy Increases:

• According to the America’s Centre for Disease Control and Prevention (CDC), the average American lifespan expanded for almost an entire year in 2023, reaching around 78.5 years.
• The advancement has certainly been correlated with decreasing rates of prominent causes of death, including COVID-19, heart disease, and even drug overdoses.
• Nevertheless, the rate of advancement has reduced, which could mean the world is heading back to a less optimal state.

Taking Climate Action

Goals Set By The Biden Administration:

• The Biden team has projected that the United States will decrease greenhouse emissions by 61% and 66%.
• By doing so, its goal is to cut methane emissions by a minimum of 35% by 2035.
• Such action appeals to state and local leaders, especially since they are expected to take a step forward in climate action, regardless of what the Trump presidency would entail for them.

Legal Proceedings and Crime

Murder of United Health Care CEO:

• Luigi Mangione, a known hate-filled individual targeting the Healthcare system, has recently been charged with the murder of a CEO.
• He has been termed as a stalker, claiming it was only political reasons that led him to kill the United Health Care president. He was arrested after a search when the political motivations turned violent, and guns were used.

Washington Stadium Construction

Trump’s embarrassing decision to pull out of constructing a new garden for Washington’s RFt led to further construction delays.

The events have caused speculation in the public space and disinformation, e.g., Elon Musk. If the site is affiliated with the Washington Commanders football team, its fate remains in the air.

Such developments, including political stalemates, health care developments, climate change programs, court cases, and construction works, demonstrate a particular era of vigor in U.S. national life.

https://www.bing.com/videos/riverview/relatedvideo?q=National%20U.S.%20Headline%20News%20Summary%20for%2019%20December%202024&mid=32C31E9414923F57645B32C31E9414923F57645B&ajaxhist=0

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National U.S. Headline News Summary for 19 December 2024 - Search Videos

National U.S. Headline News Summary for 19 December 2024 - Search Videos

With all these recent news about high inflation, low housing inventory, mortgage rates in the 8%, and loan officers quitting the mortgage industry by the thousands, is now a very bad time to become a mortgage loan officer? Is it true that the national number of loan officers dropped by over half due to the mortgage industry going under? Is it true over fifty percent of the mortgage companies went out of business and there are more mortgage brokers and mortgage bankers that are waiting to get out of business?

Can diabetes cause blindness?

As of December 17, 2024, the mortgage and real estate markets are experiencing notable developments across various regions. Here’s a comprehensive overview:

Mortgage Rates and Trends

• Current Averages: The national average for a 30-year fixed-rate mortgage is approximately 6.78%, rising over the past five days.
• This upward trend followed when rates reached their lowest levels since October.
• State Variations: Refinance rates vary by state, with New York, California, and Arkansas offering some of the lowest rates between 6.70% and 6.90%. In contrast, states like Kentucky, Hawaii, and Illinois have higher rates, ranging from 7.02% to 7.09%.
• Expert Predictions: Economists forecast that mortgage rates will remain above 6% into 2025, with some estimates reaching 6.8%. Factors influencing these projections include potential inflation and national debt concerns.

Real Estate Market Highlights

• Luxury Rentals: Miami Heat star Jimmy Butler rents an 8,500-square-foot mansion on Miami Beach’s exclusive Hibiscus Island for over $70,000 monthly. This property features luxurious amenities, including ocean and skyline views, a private dock, and extensive recreational facilities.
• Australian Market Dynamics: In Australia, housing has become the foremost concern in 2024, with costs escalating significantly. Mortgage holders face increased interest rates, leading to financial strain for many. The average monthly mortgage repayment has nearly doubled from $2,291 in 2022 to $4,428 in 2024.
• UK Housing Outlook: The UK propertSignificant25, such as stamp duty threshold alterations effective April 1, potential mortgage rate reductions later in the year. These factors are expected to influence the UK property market, behavior, and market activity.

Market Predictions and Buyer Behavior

• Potential Market Surge: Real estate expert Barbara Corcoran predicts that if mortgage rates drop to around 5%, it could cause a significant increase in homebuying activity, making the housing market “go ballistic.” Mortgage rates have fallen to 6.6% but fluctuate between 6% and 7%.
• Millennial Hesitancy: Millennials born between 1981 and 1996 exhibit caution when entering the housing market. Past economic crises and volatile home prices have led this generation to view homeownership as a speculative asset, contributing to a lower homeownership rate than previous generations.

The mortgage and real estate landscapes are characterized by fluctuating rates, regional disparities, and shifting buyer sentiments. Stakeholders should closely monitor these trends to make informed decisions in this dynamic environment.

Can the staff of GCA FORUMS and Sub-FORUMS give us news on what the progress is with the GREAT CONTENT AUTHORITY (GCA) FORUMS, GCA FORUMS Online Community, and GCA FORUMS Mortgage Group. A complete UPDATE will be greatly appreciated. Members of GCA FORUMS would appreciate what the status is with the GCA FORUMS Business Directory, GCA FORUMS Classified Ads, and the Online Business Solutions and Viral Website Developers.

What happens if a subcontractor, male, who put a hidden voice activated voice recorder and camera to capture secret personal information that he can profit from it. How they installed it was when the owners of the house who were the employer of the subcontractor hired the subcontractor to do work on their personal residence. They discovered it and cannot believe the guy capture extremely confidential personal, intimate, and business information for months.

Setting up your own private garden

Which mortgage lenders should I go to as a first time real estate investor? Should I go to a bank, credit union, commercial mortgage banker, or commercial mortgage broker?

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What is the coronavirus pandemic? Is it true that the coronavirus pandemic was a man made weapon of mass destruction? What is true and what is fiction?

There has been a lot of talk about whether the coronavirus is a deadly virus? Has the coronavirus been made by man? Was the coronavirus created to be a weapon to depopulate the World? Did Dr. Anthony Fauci, Bill Gates, The Rothchilds, George Soros, Barack Obama have anything to do with the creation and launch of the coronavirus? Why did so many healthy Americans die after taking the coronavirus vaccine? In this FORUM, we will get facts and stories about the coronavirus and try to get some sense into answering the question is the coronavirus a deadly virus.

Motorhomes, also known as recreational vehicles (RVs), are designed for living accommodations. They are equipped with amenities found in homes, making them suitable for travel, camping, and extended stays. Motorhomes come in various sizes and styles, ranging from compact camper vans to larger Class A motorhomes. Here are some common types of motorhomes:

Class A Motorhomes are the largest and most luxurious motorhomes, resembling buses. They often have spacious interiors with amenities like full kitchens, bathrooms, and living areas. Class A motorhomes are built on heavy-duty chassis.

Class B Motorhomes (Camper Vans) are smaller, van-based motorhomes. They are more compact and easier to drive than Class A or C motorhomes but have limited interior space. Class B motorhomes typically include basic amenities like a small kitchen and bathroom.

Class C Motorhomes: These are built on a truck or van chassis, with a distinctive overhang over the driver’s cab. They compromise Class A’s size and Class B’s maneuverability. They often have sleeping areas over the cab, a kitchen, a bathroom, and a living space.

Travel Trailers: While not technically motorhomes, travel trailers are towed by a separate vehicle. They come in various sizes and floor plans, offering flexibility and the option to detach the living space from the towing vehicle.

Fifth-Wheel Trailers: Similar to travel trailers, fifth-wheel trailers are towed by a pickup truck with a special hitch. They provide more stability and interior space compared to traditional travel trailers.

Motorhomes typically feature various amenities, including sleeping quarters, kitchens, bathrooms, heating and air conditioning, entertainment systems, and storage space. Some high-end motorhomes may include additional luxuries like satellite TV, washer/dryer units, and slide-out sections that expand living space when parked.

Owning a motorhome allows individuals or families to travel conveniently with their accommodations, making it a popular choice for road trips, camping, and extended vacations. Motorhomes are becoming increasingly popular. It’s like having a mobile vacation or a second home.

• This discussion was modified 2 months, 1 week ago by  Gustan Cho.

With Mortgage Rates Jumping from 2.0% to 8% in 2 years, inflation out of control, coronavirus pandemic outbreak, home values surging to all time highs, voter fraud, out of control political corruption, is the Mortgage Industry struggling?

Electric car blog that is very informative. https://www.politico.com/news/2023/12/22/electric-vehicle-boom-demise-00133064

politico.com

Why the battle over electric cars is primed to take off

“In my district, … this is not playing well,” GOP Rep. Lisa McClain said. “And let’s be honest, Michigan is a very influential state for the upcoming election.”

How do you get into the Marijuana business?

Mortgage rates are dropping the past three weeks. Many borrowers who have closed their home loans with rates in the 7% should maximize their credit scores to be ready to refinance in the coming months

https://www.youtube.com/live/eGIq0UNH4MQ?si=wr8gXeDb8hZrRc5T

Here are some photos of my house on a clear day

I still do not have the right answer on the question I have been asking what is an FHA case number. Why is it mortgage lenders make a big deal about transferring an FHA case number from one lender to another.

The best insurance company with the best term and premium is Goosehead Insurance. Our Goosehead insurance account executive is Brent Norkus. We highly recommend Brent Norkus. My team at GCA Mortgage Group in Oakbrook Terrace, Illinois is the largest branch at NEXA Mortgage, LLC. Gustan Cho Associates is a dba of NEXA Mortgage, LLC and is licensed in 48 states, including Washington, DC, Puerto Rico, and the United States Virgin Islands. We need a dependable, hands on insurance agent for our borrowers. Brent Norkus is the agent. Brent is available seven days a week, can be reached through cell phone, and can be reached evenings, weekends, and holidays. Contact Brent Norkus of Goosehead Insurance at 312-764-5683.

My blood results came back and the news was not good. Doctor said I have officially went from type two diabetic to type one. I am now taking insulin shots once a day. I cannot drink soda, no salt, non-fatty foods, and daily exercise. i have ignored the diabetes and just went about eating regular food and treats. Jolly ranchers, ice cream, steaks, greasy burgers, tons of diet soda. Time to grow up and take health a little more seriously. Looking to develop a diet and stick to it and an exercise program and daily routine.