April 2024 Fort Worth Statistics At-A-Glance
**Source: Greater Fort Worth Association of Realtors
Credit: Texas A&M University Real Estate Research Center
The Texas economy has remained resilient despite high inflation rates. Employment has remained steady with professional and business services driving most of the monthly employment gains.
Credit: New American Funding - Jason Obradovich
Well, higher interest rates are still the name of the game as the FOMC continues to battle stubbornly high inflation. The latest CPI and PPI figures have shown that inflation is coming down but very slowly.
Mortgage rates have now been above 6% for over 7 months and it’s not likely they will drop anytime soon. That’s caused real estate inventory to be very tight as buyers do not want to bear the cost of higher interest rates by moving.
The Federal Reserve is largely anticipated to raise the benchmark rate 25bps at the next meeting on May 3rd and the belief is that this will end the Fed’s campaign of raising rates to bring down inflation. How soon will inflation come down and what will happen after May’s meeting is anyone’s guess, but rest assured there is a battle brewing.
After the FOMC meeting next week, it’s largely expected the market will find a balance of risk with inflation on one side and the economy on the other.
Remember, if the Fed pauses after the May meeting, they are acknowledging that they likely won’t need to do more to combat inflation. That doesn’t mean that inflation is defeated, it just means they might not increase rates anymore to push it lower. And by that same pause they are simultaneously acknowledging they are equally concerned about what higher rates are doing to the economy.
That pause is telling the market that the Fed could move either direction; and with that balance of fear, combined with how much the Fed has raised rates over the past year plus, should mean we are in store for more market volatility ahead.
Don’t also forget that the yield curve is inverted, the market believes the economy is near a recession and once the Fed pauses, short-term and long-term rates are going to move around fairly dramatically as the yield curve reshapes itself towards the new Fed path on rates.
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 Gas Grills for Your Backyard Barbecues
Everyone has their own opinion when it comes to the charcoal versus gas grill debate. Neither side is wrong, of course, with both types of grills coming with their own pros and cons. Charcoal grills, for instance, can reach higher temperatures and give food that rich smoky flavor, while gas grills allow for faster start times, precise temperature control, and greater overall convenience.
Gas grills can also turn on and off in an instant, allowing you to get cooking without the long setup. Unlike charcoal, you can maintain specific temperatures without a whole lot work, either – simply turn the dial to the desired heat setting and the grill will take care of the rest. That means, you can set low temperatures, high temperatures, and everything in between without having to continually watch the fire and fan over the flames. Even better, many gas grills come with side burners that allow you to cook multiple food items at different temperatures, allowing for much more versatile cooking options. Not to mention, the minimal cleanup necessary, compared to all the ash you’ll have to dispose when cooking using charcoal.
Many homeowners prefer gas grills over charcoal for all of those reasons. According to a 2022 survey from the Hearth, Patio & Barbecue Association (HPBA), 64 percent of all gas grills in American households use gas. This is why there’s such a dizzying selection of gas grills in the market, with each manufacturer trying to integrate fancy features to make their models standout. As nice as some of those bells and whistles are, we prefer focusing on the core elements, such as size, build quality, precision control, and heat output, although we’ll obviously take extra niceties into account, especially among grills that already get the basics right.
These are the best gas grills for your backyard barbecues.
7 Recipes You Can Make In 5 Minutes
Watch the Video for the entire delicious recipe!
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