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Published: July 9, 2024, 11:47 p.m.

In this Real Estate News Brief for the week ending July 6th, 2024... why more economists are seeing a September rate cut, where home buyers are getting the upper hand, and what you have to earn to be in the top 1%. \xa0 Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before I begin, I\u2019d like to invite all of you to my 2024 Mid-Year Economic Update with Marcus & Millichap Economist John Chang on Thursday July 25th.\xa0 It\u2019s free to attend and will be a lively forward-looking update with time to answer your questions. Simply login to the Investor Portal here to register and we'll send you a confirmation email with your link! \xa0 Links:

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\xa0 References: \xa0 1 - https://www.marketwatch.com/story/fed-minutes-show-no-consensus-on-how-many-months-of-good-inflation-data-needed-to-start-cutting-interest-rates-f23de135 \xa0 2 - https://www.marketwatch.com/story/u-s-economy-and-jobs-market-are-showing-cracks-fed-rate-cuts-are-not-far-off-0519803a#:~:text=And%20consumers%20have%20been%20stymied,track%20to%20be%20similarly%20pedestrian. \xa0 3 - https://www.cnbc.com/2024/07/05/jobs-report-june-2024.html \xa0 4 - https://www.marketwatch.com/story/jobless-claims-rise-to-238-000-and-stay-near-one-year-high-c287346f?mod=search_headline \xa0 5 - https://www.marketwatch.com/story/powell-says-inflation-is-showing-signs-of-resuming-cooling-trend-96cfdf40?mod=economy-politics \xa0 6 - https://www.marketwatch.com/story/construction-spending-posts-bigger-than-expected-drop-in-may-e6cc3e66?mod=economic-report \xa0 7 - https://www.freddiemac.com/pmms \xa0 8 - https://www.cnet.com/personal-finance/mortgages/advice/are-slowing-home-prices-sending-us-into-a-buyers-market/ \xa0 10 - https://www.cnbc.com/2024/07/02/manhattan-is-buyers-market-as-real-estate-prices-fall-inventory-rises-.html \xa0 11 - https://eyeonhousing.org/2024/07/share-of-one-story-new-homes-increased-in-2023/ \xa0 12 - https://www.aol.com/finance/much-top-1-5-10-133000802.html \xa0 \xa0