Did the Fed Hurt Real Estate Sales by Teasing More Rate Cuts?
Brent Wells October 11, 2024
Brent Wells October 11, 2024
To all my fellow agents reading this blog post, kindly leave me a comment and tell me what you are seeing in your neck of the woods. We are seeing inventory is going up, sometimes substantially and closings are dropping. The data below is a cross section of our massive market in Collin County Texas.
This data is in percentages year over year for August 2024 from our Collin County MLS:
City | Active Listings | Closed Properties |
57.1% | -29.6% | |
15.1% | -21.6% | |
64.8% | -3.6% | |
126.0% | 20.9% | |
36.6% | -13.7% |
Now this could all just be a minor fluctuation in the market, but we saw a drop in website visits, buyer activity and buyers telling us they are going to wait on more interest rate drops right after the Fed announcement.
To everyone that leaves feedback, I truly appreciate it. We are typically in our own little bubble and its hard to tell the true direction of the countries economy from news reports.
Stay up to date on the latest real estate trends.
If you're not already familiar with the Celina story, the numbers speak for themselves.
EV-Ready Living. Light Farms offers electric car charging stations within the community.
Buying a new construction home is a fundamentally different process than buying a resale property.
You’re clearing multiple rooms, a garage, attic, shed, or light remodel debris.
You find yourself only using part of the house while the rest collects dust.
Keeping the same flooring throughout the main living areas helps create a smooth, cohesive flow.
Overpricing, even by a little, can cause a listing to sit stale — which often leads to price drops.
Every week I am visiting with many new homes sales associates and I am hearing a consistent story.
North Sky is a June 2025 favorite, with new contemporary homes featuring open layouts and smart tech.
We'd love to hear from you! Whether you're buying, selling, or just exploring your options, we're here to provide answers, insights, and the support you need. Contact us and start planning your next move.