The Talas Report: Market Mondays: 11/13/23

by | Nov 13, 2023 | Market Mondays | 0 comments

By Robert Talas, Owner of The Talas Report Blog

Hello, readers! Robert Talas here, bringing you another edition of Market Mondays. Today, I’m diving into the latest developments in the real estate and market industry to keep you well-informed and ahead of the curve.

1. Dow Sees First Bearish Death Cross Since March 2022: What’s Next? Link: Dow Sees First Bearish Death Cross

The Dow Jones Industrial Average has recently experienced a bearish death cross, which is a technical indicator that occurs when the 50-day moving average crosses below the 200-day moving average. This is the first time this has happened since March 2022. Historically, this has been a bearish signal for the stock market, and it could indicate that we’re in for a period of volatility and uncertainty. Two takeaways from this article are:

    • While a bearish death cross is not a guarantee of a market downturn, it is often seen as a warning sign that investors should be cautious.
    • It’s important to keep an eye on the stock market in the coming weeks to see how it reacts to this development.

2. Housing Inventory Growth Slows to a Halt: What Does It Mean for Buyers and Sellers? Link: Housing Inventory Growth Slows to a Halt

According to a recent report, housing inventory growth has slowed to a halt. This is due to a variety of factors, including rising interest rates, a lack of new construction, and a high demand for homes. This trend is expected to continue in the coming months, which could lead to higher home prices and more competition among buyers. Two takeaways from this article are:

    • If you’re looking to buy a home in the near future, it’s important to be prepared for a competitive market with limited inventory.
    • For sellers, this could be a good time to put your home on the market, as there are fewer homes available for buyers to choose from.

3. Mortgage Rates Update: A Closer Look at the Market Trends Link: Mortgage Rates Update

Mortgage rates have remained relatively stable over the past week, with the average rate for a 30-year fixed-rate mortgage hovering around 3.5%. This is good news for homebuyers who are looking to lock in a low rate before they start to rise again. Two takeaways from this article are:

    • If you’re in the market for a new home, now could be a good time to take advantage of low mortgage rates.
    • It’s important to keep an eye on the market in the coming weeks to see if rates start to rise again.

4. CFPB and Regulators Boost Thresholds for Truth in Lending Standards: What You Need to Know Link: CFPB Regulators Boost Thresholds

The Consumer Financial Protection Bureau (CFPB) and other regulators have recently boosted the thresholds for truth-in-lending standards by 4.5%. This means that lenders will now be required to provide more detailed information about the costs of borrowing money, including interest rates, fees, and other charges. Two takeaways from this article are:

    • This change is designed to make it easier for consumers to understand the true cost of borrowing money and to compare different loan options.
    • If you’re in the market for a new loan, be sure to ask your lender for a detailed breakdown of all the costs associated with borrowing money.

That’s all for this week’s edition of Market Mondays. Thanks for reading, and be sure to check back next week for more news and insights from the world of real estate and finance.

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