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In this Real Estate News Brief for the week ending April 20th, 2024... you\\u2019ll hear what the Fed Chief said about \\u201chigher for longer,\\u201d (he didn\'t say that on 4/20 but that would have been funny!) why Moody\\u2019s is offering an upbeat prediction about rate cuts, and how renters feel about homeownership.

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We begin with economic news from this past week and more talk about what\\u2019s next for interest rates. Fed Chief Jerome Powell spoke out last Tuesday, saying that recent data shows a lack of progress in reducing inflation to the Fed\\u2019s 2% goal, and that Fed officials need to have more confidence that that is happening before they cut rates. He said that inflation \\u201cdeclined significantly during the second half of last year\\u201d but he added: \\u201cThe recent data have clearly not given us greater confidence and instead indicate that it\\u2019s likely to take longer than expected to achieve that confidence."...

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...If you\\u2019d like to learn more about investing in real estate, I encourage you to sign up for a free RealWealth membership and come to our live event in San Francisco on May 4th. We\\u2019ll have five property teams giving presentations about their markets and their inventory of for-sale rental homes. We are also hosting a cocktail party in the evening for an opportunity to meet other investors and have some fun! Go to newsforinvestors.com for more information about membership and our live event.

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That\\u2019s it for today. You can read more about the stories in this episode by following links in the show notes at newsforinvestors.com. And please remember to subscribe to this podcast, and leave a review!

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Thanks for listening!

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1 - https://www.marketwatch.com/story/feds-powell-says-likely-to-take-longer-to-meet-conditions-to-cut-interest-rates-72c65044?mod=federal-reserve

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2 - https://www.cnbc.com/2024/04/19/feds-goolsbee-says-more-sniffing-may-be-needed-before-rate-cuts-.html

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3 - https://www.marketwatch.com/story/feds-goolsbee-says-progress-on-inflation-has-stalled-makes-sense-to-wait-on-interest-rates-8f17e77b?mod=search_headline

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4 - https://www.globest.com/2024/04/18/moodys-there-will-be-rate-cut-of-up-to-75-bps-this-year/

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5 - https://www.marketwatch.com/story/jobless-claims-flat-at-212-000-and-still-no-sign-of-rising-layoffs-226f55bf?mod=economy-politics

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6 - https://www.cnbc.com/2024/04/19/something-strange-has-been-happening-with-jobless-claims-numbers-lately.html?__source=iosappshare%7Ccom.apple.UIKit.activity.Message

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7 - https://www.marketwatch.com/story/home-sales-get-hammered-by-higher-mortgage-rates-but-one-region-is-holding-up-b75ed6d5?mod=economic-report

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8 - https://www.marketwatch.com/story/housing-starts-plunge-in-march-amid-housing-shortage-b489170a?mod=economic-report

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9 - https://www.marketwatch.com/story/builder-confidence-index-stalls-in-april-as-mortgage-rates-hit-7-buyers-are-back-on-the-fence-waiting-for-interest-rates-to-fall-one-builder-says-de04d6e9?mod=economic-report

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10 - https://www.freddiemac.com/pmms

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11 - https://www.nar.realtor/magazine/real-estate-news/mortgage-rates-jump-above-7-percent-setting-new-high-for-2024

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12 - https://www.globest.com/2024/04/16/more-renters-give-up-on-home-ownership/