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Fed Funds rate reduction imminent September of 2025 - I have everything crossed! · Connor with Honor: AI, Real Estate and Real Life

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  SPEAKER_00: Some say garden gnome.
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  SPEAKER_00: I don't see it.
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  SPEAKER_00: Anyway, this is going to be your Santa Clarita real estate update.
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  SPEAKER_00: A couple items on the wire we'll talk about.
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  SPEAKER_00: 763 total active listings on the market for sale.
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  SPEAKER_00: That number's been up and down just before school went out of session.
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  SPEAKER_00: No, just before school went back into session, excuse me, we were at over 800, about 810 active listings.
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  SPEAKER_00: Now we're down in the 760s.
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  SPEAKER_00: That number's been fluctuating between 740 and 770.
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  SPEAKER_00: That number will probably continue to decline as we get closer to the more holidays and end-of-year time frame as we typically see.
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  SPEAKER_00: And then next year real estate's going to pick up.
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  SPEAKER_00: Now, some of the best news out there is the Fed potentially going to be reducing its Fed funds rate.
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  SPEAKER_00: This looks like it's going to happen in a meeting September 16th and 17th.
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  SPEAKER_00: And when they do meet, I know there's been a lot of uh back and forth between the president, President Trump, and of course Jerome Powell, the head of the Fed.
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  SPEAKER_00: And there's been a lot of arguments there.
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  SPEAKER_00: There's also other drama that's going on in that world.
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  SPEAKER_00: However, as real estate buyers, just pay strict attention to what's going to be happening.
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  SPEAKER_00: And if it looks like it's going to be a for sure deal, but again, that's conjecture, right?
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  SPEAKER_00: That's everybody's opinion.
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  SPEAKER_00: But it looks like with the economic factors that we've been seeing, with the low unemployment numbers that came in, it looks like that's probably going to be a potential happening that they're actually going to reduce the Fed funds rate.
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  SPEAKER_00: Now, does that mean that interest mortgage rates are going to come down?
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  SPEAKER_00: Potentially, yes.
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  SPEAKER_00: Mortgage rates are definitely based on something a little bit different, the 10-year bond, but there should be an impact there.
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  SPEAKER_00: And if that happens, what's that number going to look like?
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  SPEAKER_00: They're talking about 25 basis points, maybe 50 basis points as far as a reduction on that end.
• 1:39
  SPEAKER_00: We'll have to wait and see.
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  SPEAKER_00: But if it looks like it's going to happen, and if you've been considering buying real estate, just check in with your lender.
• 1:46
  SPEAKER_00: And if this is your first go at it, you've never really uh done anything with regard to real estate, but you've been contemplating it, zoom me scv.com, zoomme scv.com.
• 1:58
  SPEAKER_00: We'll sit down, we'll have a discussion over Zoom.
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  SPEAKER_00: It's fine, and we will talk about what's happening in the market.
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  SPEAKER_00: We can also do it over telephone.
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  SPEAKER_00: I know that's crazy, but you don't have to be on video if you don't want to.
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  SPEAKER_00: You could even blot yourself out if you'd like.
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  SPEAKER_00: But we can talk about it, talk about a game plan, find out where you're what you're thinking about, and then have that discussion.
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  SPEAKER_00: So if the Fed does, if the Fed does cut that rate and it does have a major impact on mortgage rates, maybe now that'll be your time because I know that market, if they do reduce it considerably, the real estate market's going to kick off yet again.
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  SPEAKER_00: Even though school's back in session and people do a lot of moving dependent on children, being able to select different schools, it's still going to kick off because I do know those buyers are just waiting for that interest rate to come down.
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  SPEAKER_00: Also on the seller side, they're waiting to get more close to the interest rate they have locked so they can put their house on the market and go buy something else without having to pay three or four more points of interest.
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  SPEAKER_00: I'm Connor with Honor.
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  SPEAKER_00: Go to Santa ClaritaOpenhouses.com.
• 2:55
  SPEAKER_00: You can also book my calendar below on that page.
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  SPEAKER_00: We'll see you in the next one.