The Real Estate News Brief: Fed Feedback on Inflation, New Conforming Loan Limits, North of Dallas Population Growth

In this Real Estate News Brief for the week ending December 2nd, 2023... what the Fed thinks of the latest inflation report, how much home you can buy with a conforming loan in 2024, and where you’ll find a hot housing market and mushrooming population growth...   ...I’m excited to share this next story with you about a Texas market that is expanding rapidly. It’s an area north of Dallas, in Collin County, which is attracting businesses and new residents at a very fast pace. According to the Texas Demographic Center, the county’s population is expected to double by the year 2060.   Why are people and businesses flocking to this area? One - Texas is a business-friendly state, and two - there is no state income tax. The good news there. As Collin County Commissioner Susan Fletcher says: “With an average of 100 people per day, these new residents don’t just bring their cars, they also bring additional need for services and facilities impacting all areas of county government.”   This headline confirms what our RealWealth team has already discovered – that this area is a market that’s growing with people who will need homes. We have already put our chips into that basket, with a rental fund in the North of Dallas area. My Dallas-area partner is overseeing the purchase and renovation of those homes. It’s a way to get the benefits of owning rental property without the job of being a landlord. You do need to be an accredited investor to participate, and the fund is closing soon. You can find out more at growdevelopments.com.   You can read about that story and the others by following links in the show notes at newsforinvestors.com. While you are there, sign up for a free RealWealth membership. You’ll have access to hundreds of webinars, articles, and real estate professionals that can answer your investing questions. And please remember to subscribe to this podcast, and leave a review!   Thanks for listening! -Kathy Fettke   Links:   1 - https://www.marketwatch.com/story/powell-says-premature-to-speculate-on-when-interest-rates-will-be-cut-6bef7a3e?mod=home-page   2 - https://www.marketwatch.com/story/inflation-slows-again-the-feds-preferred-price-tracker-showed-24b53bf3?mod=economy-politics   3 - https://www.cnbc.com/2023/11/29/us-gdp-grew-at-a-5point2percent-rate-in-the-third-quarter-even-stronger-than-first-indicated.html   4 - https://www.marketwatch.com/story/feds-beige-book-finds-economy-has-slowed-and-inflation-too-2a488392?mod=federal-reserve   5 - https://www.marketwatch.com/story/jobless-claims-tick-higher-continuing-claims-highest-in-two-years-704183e3?mod=economy-politics   6 - https://www.marketwatch.com/story/new-home-sales-drop-in-october-to-much-lower-level-than-expected-3c8934eb?mod=mw_latestnews   7 - https://www.marketwatch.com/story/u-s-home-prices-climb-for-seven-month-in-a-row-to-a-record-high-case-shiller-says-0c0d79b4   8 - https://www.marketwatch.com/story/construction-spending-climbs-again-fueled-by-government-spending-and-public-works-db3e8cc3?mod=economy-politics   9 - https://www.freddiemac.com/pmms   10 - https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Conforming-Loan-Limit-Values-for-2024.aspx   11 - https://therealdeal.com/texas/2023/11/20/collin-county-population-could-double-by-2060/   12 - https://www.reuters.com/graphics/USA-ECONOMY/FED/lgpdwawwzvo/