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The Real Estate News Brief: Mortgage Rates Drop, 2024 Real Estate Trends, Destination: North Texas

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In this Real Estate News Brief for the week ending December 9th, 2023… the latest big drop in mortgage rates, what Redfin is predicting for 2024, and another reason to live, work, visit, or invest in North Texas.   We begin with economic news from this past week. Several financial institutions are predicting a noticeable economic slowdown in the fourth quarter. BofA is forecasting a GDP of just 1%. Goldman and the Atlanta Fed lowered their GDP estimate to 1.4 for Q4.. This follows a revised GDP of 5.2% in Q3, according to the Commerce Department.   The job market is still strong however with a surprise decline in the unemployment rate in October. The Bureau of Labor Statistics says it fell from 3.9% to 3.7%. In November, U.S. companies added another 200,000 jobs which is a 50,000 month-over-month increase...   Redfin Predicts a Better Year for Homebuyers ...Many of our RealWealth investors are taking advantage of that growth curve by investing in our North of Dallas Rental Fund. We have been buying fixer uppe