September 2024 Fort Worth Statistics At-A-Glance

September 2024 Fort Worth Statistics at a Glance

• 865 - Homes sold in September 2024, 1.1% less than September 2023
• $335,000 – Median price in September 2024, 0.4% more than September 2023
• 3.7 – Monthly housing inventory in September 2024, 1.2 months more than September 2023
• 50 – Average number of days homes spent on the market in September 2024, 12 days more than September 2023
• 33 – Average number of days to close in September 2024

**Source: Greater Fort Worth Association of Realtors

 Credit: Texas A&M University Real Estate Research Center

August saw a fall in home sales and a continued rise in building permits. New listings increased almost 14 percent, driven largely by the Houston metro recovering after Hurricane Beryl. The storm did not have the same degree of impact on sales. Home prices fell slightly to $335,494.

Credit: New American Funding - Jason Obradovich

Here we are, one day after the Federal Open Market Committee (FOMC) lowered rates 50bps. This is the first time the Fed has lowered rates in 4.5 years. Just to refresh everyone’s memory, the Fed started hiking rates in this most recent cycle in March of 2022 and raised rates 5.25% over the course of 2022 and 2023. 

Now we sit in 2024, with inflationary pressures pretty well contained, a strong economy and a relatively strong jobs market. Even though the unemployment rate has risen, it is still quite low by historic standards.

Yesterday’s rate decision wasn’t the only important news. The Fed updated its dot plot which shows their forecasts over the next couple of years and where they project the Fed Funds rate to be.

The Fed is expecting rates to end 2024 down another 0.50% from where they are today and down an additional 1% by the end of 2025. 

From here moving forward the Fed has stated they are more concerned about continued weakness in the economy than they are with respect to inflation. That means we should expect the market to be very reactive to the monthly jobs report. If the labor market continues to soften then it’s possible the Fed will move rates down at a faster pace than their current projections.

For answers to your questions about buying a new home, reach out to Amanda Cooper - Mortgage Lender today. She’ll be happy to go over what products and assistance might be available to you and help you choose the right loan for your unique needs.

The Best Pumpkin Carving Tools & Tips from the MASTER!

 Quick Tips to becoming a better carver with these 4 Pumpkin Carving tools!  Jon Neill, Food Network's Halloween Wars season 4 champion master pumpkin carver, will briefly show you four tools and how they work,  You'll have the quick basics to make your first masterpiece like a Pro in 2021! You owe it to the pumpkin gods and most importantly, your self!   I sell two kits, a deluxe kit and a basic kit.  The basic kit is great to start out with and if you love the medium, you can customize and build your amazing pumpkin carving tool set into something special! 

If you want to buy a basic Pumpkin carving kit: www.jonneill.com/store basic tool set 

 Texas Beef Chili Recipe (No Beans)

Watch the Video for the entire delicious recipe!

Teddy Wong's

WHERE

812 W. ROSEDALE ST.
FT. WORTH, TX 76104
(817) 349-8965

​​Website​​​

WHEN

Sunday – Thursday
11am – 10pm

Friday – Saturday
11am – 11pm

Happy Hour
Mon – Fri 2pm – 5pm

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