The election has really been taking it's toll on Real Estate and Mortgage the past few months. Now that we're here on Election Day, what impacts can we expect from the outcome what will continue trending in real estate, and what can we expect from home prices and mortgage rates?

Despite the interest rate cut from the Fed in September, the market because erratic and unpredictable most of October. Jobs, inflation, affordability, inventory, elections…everything is rocking the boat – So here’s how we think the rest of the year will pan out!

Not so surprisingly, politics are weighing in on prospective buyers’ decision to house hunt or wait until the election is decided. Conversely, current homeowners are taking advantage of interest rates far lower than last years. Will sentiment shift noticeably in November or will it be more of the same?

The August rate decline paired with the Federal Reserves interest rate cut has people chomping at the bit to refinance. Who benefits from this the most?

By now everyone’s heard the Federal Reserve cut their target interest rate by 0.50%. This is more than most people expected and few turned out to be right that a half percent cut was even possible. Well they did it, and now we’re back to the drawing board of what that means for real estate and mortgage for the rest of 2024.

It sure does look like Fall is the “New Summer”. Inventory is show up in some remarkable ways in select parts of the country while equity still rides along all time highs AND mortgage rates decline…It’s almost as if we’ve shifted the traditional real estate norms and should expect the Fall to keep getting even better.

Today’s episode features a long time veteran of private funding who brings 3 decades of experience to the table. Having funded millions of dollars of bridge financing, John is repeatedly sought after for coming through in a pinch. His company Fidelis Pivate Fund currently manages a $70 Million fund and is actively seeking additional investors who want to still have their money involved in real estate without having to be the “hand and feet” themselves.

This conversation covers his background in financing, his perspective on the local market here in San Diego, the rampant ADU construction taking place throughout the city AND the state.

Contact John:

Website:

Fidelis Private Fund | Home

Phone: (702) 379-3468

Gen Z is quickly changing the tune about what they are known for as a demographic. Their Surge of homeownership is raising eyebrows leaving some to wonder are they brilliant or too ambitious? With the upcoming Fed Rate decision coming up, the housing market is primed to have very healthy fall activity.