Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties, here’s what happened in September 2024 vs October 2024: The […]
Mortgage rates have recently surged back to 7% despite a series of rate cuts by the Federal Reserve. Between April and September 2024, the average 30-year fixed mortgage rate fell to 6.11% following weaker jobs reports and fears of a recession. However, as unemployment data improved and inflation remained above the Fed’s 2% target, these […]
The reconstruction of Cape Cod’s iconic Sagamore and Bourne bridges presents a significant challenge in terms of engineering and the regional economy. These bridges, built in the 1930s, are the critical lifelines connecting Cape Cod’s 230,000 residents to mainland Massachusetts and supporting millions of tourists who visit annually. With the bridges now considered functionally obsolete, […]
Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties, here’s what happened in Q3 2023 vs Q3 2024: The […]
What the Fed’s Latest Rate Cut Means for Mortgage Rates: A 2024 Snapshot In September 2024, the Federal Reserve made a pivotal move by slashing its benchmark interest rate by 0.5%, marking its first significant rate cut in four years. While many anticipated this decision would dramatically reduce mortgage rates, the impact has been more […]
Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties, here’s what happened in July 2024 vs August 2024 The […]
Welcome to The Griffin Real Estate Market Update, I’m Danny Griffin. If you’re thinking about buying or selling residential real estate, it’s important to understand the current market trends. According to Cape Cod & Islands Association of Realtors, the marketplace for Cape Cod residential properties, here’s what happened in June 2024 vs July 2024 The […]
The Impact of US Presidential Elections on the Housing Market As the 2024 US Presidential election approaches, many prospective homebuyers and sellers are understandably concerned about how this major political event might influence the housing market. While elections generate considerable attention and speculation, historical data reveals that their impact on the housing market is often […]
The Federal Reserve has opted to maintain its key interest rate within the range of 5.25% to 5.5% while signaling the possibility of a rate cut in September if economic conditions continue to improve. This decision, revealed today, comes amid a backdrop of cautious optimism and significant market reactions. Highlights from Powell’s Remarks Rate Cut […]
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