Buy the home that Jennifer Aniston lived at while filming "Friends."
The property features a main residence, pool house, A-Frame guest house, a hillside bungalow, and panoramic views.
Asking price: $2,595,000
Cash Is King: 43% of Luxury Home Purchases Are Paid for in Cash, Up From 35% Last Year
Who cares about high-interest rates when you are buying your home in cash?!?
About 43% of luxury homes that sold in the third quarter of 2023 were purchased in cash, up from just 34.6% a year earlier.
By comparison, just 28% of non-luxury homes that sold were bought in cash, little changed from the third quarter of 2022.
Source: Redfin
Fed holds off on rate hike for second straight meeting
The Federal Reserve left interest rates unchanged on Wednesday, the first time in nearly two years that the central bank paused rates over the course of two consecutive meetings.
While some have interpreted the latest pause as a sign that the Fed is nearing the end of its rate hikes, inflation remains stubbornly above the central bank’s 2 percent target, and the labor market is hotter than officials would like.
Federal Reserve Chair Powell said the strength of consumer and small business finances may have been “underestimated” as spending remains strong.
Barring any major news stories over the next 45 days, I'm anticipating a rate hike at the Fed's December meeting.
Source: The Hill
