08/29/2026
Hi everyone,
Here's this week's market update, we unpack how to help guide your clients with confidence. We're digging into why homeownership feels increasingly out of reach for young buyers, how to help clients bridge the gap between selling one home and buying the next, and what's really behind deals falling through before closing.
Interest Rates: Rates crept up just a little this week after sitting pretty still for a few days. It's nothing dramatic, just a small nudge in a direction that's not quite as favorable for buyers. What happens next probably has more to do with what Fed leaders say in their upcoming speeches, or with gas prices moving around, than anything happening with the numbers today.
Economic Update: There was a jobs report today, but don't read too much into it. This one just goes back and corrects last year's job numbers so the history books are accurate. It doesn't actually tell us anything new about how the job market's doing right now. Meanwhile, people are feeling a bit less confident about the economy than expected. The one good bit of news is that folks are a little less worried about inflation next year than they were before. If you want the report that really matters, that one's coming next week, so keep watching.
Mortgages: Mortgage pricing got a touch less favorable today, meaning lenders have a little less wiggle room right now than they did earlier this week. It's a small blip, not a trend yet.
What This Means for Your Buyers
Nothing here changes the bigger picture. Rates go up and down a little every day, and that's normal. There's no reason for your buyers to rush into anything or hold off because of today's news. Next week's report will actually tell us more about where things are headed, so keep that on your radar. If you are thinking about purchasing a home now is still a good time to do it. It's a buyers market as more sellers are willing to lower their prices or give buyer closing incentives.
Give me a call or text to discuss furhter at (941) 400-0904
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