The Real Estate News Brief: New Tune on Rate Cuts? Single-Family Permit Reversal, Real Estate Referral Warning

In this Real Estate News Brief for the week ending September 7th, 2024… the Fed’s new stance on rate cuts, the big reversal in single-family permitting activity, and a reminder about real estate referrals and kick-back schemes. Hi, I'm Kathy Fettke and this is Real Estate News for Investors. Before I begin, I would like to share a little personal news with you. We had a great weekend in Denver, launching our book with a party at the climbing gym! Thank you to everyone who showed up! Our book, Scaling Smart, will be on sale starting September 10th. It’s about growing your business in a way that’s aligned with your goals and your lifestyle. If you missed the big party, you can join us for a virtual book launch on September 21st. You’ll find info on buying the book and the virtual event below or at newsforinvestors.com under the Connect tab. Links:   Purchase Scaling Smart Book:  https://tinyurl.com/scalingsmart   Virtual Event: https://realwealth.com/scaling-smart-virtual-event/   JOIN RealWealth® FOR FREE 🏡👇 https://realty.realwealth.com/join-now/   ~~~~ EXPAND YOUR REAL ESTATE KNOWLEDGE AND PORTFOLIO Members have exclusive access to👇 👉Vetted property teams 👉Trusted lenders and lawyers 👉Regular property tours 👉Vetted CPAs and legal  👉Asset protection providers 👉And more!   ~~~~ FOLLOW OUR PODCASTS🎤️👇 The Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN   ~~~~ READ BOOKS BY RealWealth FOUNDERS📖👇 The Wise Investor by Rich Fettke: https://tinyurl.com/thewiseinvestorbook Retire Rich with Rentals by Kathy Fettke: https://tinyurl.com/retirerichwithrentals Scaling Smart by Rich & Kathy Fettke: https://tinyurl.com/scalingsmart   ~~~~ FREE RealWealth EDUCATION & TOOLS👇 RealWealth market reports: https://realwealth.com/learn/best-places-to-buy-rental-property/ RealWealth webinars: https://realwealth.com/thursday-webinars/ RealWealth videos: https://realwealth.com/category/video/ RealWealth Assessment™: https://realwealth.com/assessment/   ~~~~ MORE INFORMATION RealWealth stories: https://realwealth.com/stories/ Become a RealWealth property team: https://realwealth.com/new-team/ Check out our syndications at Grow Developments: https://growdevelopments.com/   ~~~~ FOLLOW US ON INSTAGRAM: Kathy: @kathyfettke or  https://www.instagram.com/kathyfettke/ Rich: @richfettke or  https://www.instagram.com/richfettke/ RealWealth: @realwealth or https://www.instagram.com/realwealth/   ~~~~ Disclaimer: The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.NewsForInvestors.com   References:   1 - https://www.marketwatch.com/story/feds-williams-says-it-is-now-appropriate-to-cut-interest-rates-c8358c88?mod=economy-politics   2 - https://www.reuters.com/markets/rates-bonds/feds-waller-says-its-time-lower-rates-open-larger-cuts-2024-09-06/   3 - https://www.marketwatch.com/livecoverage/jobs-report-for-august-payrolls-expected-to-rebound-after-hurricane/card/fed-s-goolsbee-says-september-meeting-isn-t-the-only-gathering-to-consider-2r3gTZJmbEPlmWdC9CEU?mod=home-page   4 - https://www.cnbc.com/2024/09/05/jpmorgan-top-economist-says-the-fed-should-cut-rates-by-a-half-point-this-month.html   5 - https://www.marketwatch.com/story/jobless-claims-drop-to-14-week-low-hiring-has-slowed-but-layoffs-arent-rising-83d8b1ef?mod=economy-politics   6 - https://www.marketwatch.com/story/job-openings-fall-to-lowest-level-since-2021-its-getting-harder-to-find-work-4d650d87?mod=economy-politics   ​​7 - https://www.marketwatch.com/livecoverage/jobs-report-for-august-payrolls-expected-to-rebound-after-hurricane/card/august-jobs-report-soft-142-000-gain-keeps-fed-on-track-to-cut-interest-rates-soon-D6xeANpUqLN0PLZ4nE0K   8 - https://eyeonhousing.org/2024/09/august-job-gain-led-by-construction/   9 - https://www.marketwatch.com/story/construction-spending-posts-bigger-than-expected-drop-in-july-3d42bc7c?mod=economy-politics   10 - https://www.freddiemac.com/pmms   11 - https://eyeonhousing.org/2024/09/hbgi-q2-2024-single-family-growth-vs-multifamily-decline/   12 - https://www.nbcwashington.com/news/local/dc-area-real-estate/illegal-payouts-yacht-parties-dc-fines-title-companies-3-2m/3704745/