#1 - Inflation Coming Down?

The Fed's target for inflation is 2% on the "core" Private Consumption Expenditures. We've come down from 5.6% to 2.8% since it's peak in mid-2022. Everyone's hoping we get close enough for the Fed to start cutting rates again.

#2 - Home Values Up 40%

Data from the Case-Shiller home prices are in as of December 2023 and shows us just home much house values have gone up over the past 4 years. We're up a whopping 40% and will most likely only keep on growing.

#3 - Interest Rates: Still Over 7%

3 straight weeks with mortgage rates over 7% are dampening market activity causing less home sales. Everyone is hoping rates drop soon since it is election year, but when it does and everyone starts buying again, housing prices are going to go up again.

If you can buy a house now while there is less competition, you can refinance to a lower rate later on once rates drop closer to election time (which is what statistically what happens in election years).