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Real estate is warming up—right as the Fed loses visibility
Splits and Caps Daily: Action for Agents
November 21, 2025
📈 Market Move:
Rate-Cut Riddle
The government finally reopened long enough to drop the September jobs report, and it’s a total mixed bag.
The good: 119,000 new jobs, beating expectations.
The bad: unemployment jumped to 4.4% and wage growth barely budged.
Why it matters: this is the last jobs data the Fed gets before its December meeting. And strong job growth + rising unemployment = a weird combo that makes the Fed nervous about cutting rates again. So that third rate cut?
Not looking great.
Meanwhile, real estate quietly kept moving:
Existing home sales rose 1.2% MoM and 1.7% YoY
Rates are stuck near one-year lows (~6.26%), giving buyers a breather
Refi activity is stabilizing as volatility dies down
But it’s not all smooth: first-time buyers in the Northeast and West are getting crushed by supply and prices, while the Midwest and South feel like cheat codes.
Builders are still gloomy — sentiment is stuck in the 30s, and 41% cut prices, the most since Covid.
Bottom line: the housing market is quietly improving, but the Fed may not throw another rate cut lifeline. December’s going to be spicy.
🌟Quote of the Day:
“Well done is better than well said.” — Benjamin Franklin
📊🤔 Agent Poll:
With mortgage rates hanging near one-year lows and buyer demand bouncing back, what’s your move this month? |
🎉 Fun Fact of the Day:
Oh, Brother: 🏠 In France, you can inherit a house but be forced to sell it if siblings want their share. Family drama = forced real estate flipping.
📚 Book Recommendation:
“Unscripted: Life, Liberty, and the Pursuit of Entrepreneurship” by MJ DeMarco — Most people are living life on “autopilot”: school → job → retire. MJ DeMarco calls it out: that’s the scripted life. Unscripted is your blueprint for breaking free and building a life on your own terms—financially, mentally, and creatively.
For real estate agents, it’s gold. It’ll challenge you to:
Stop chasing busywork and focus on high-leverage activities.
Think like a business owner, not just a commission collector.
Question industry “norms” and carve your own path.
If you want to stop living someone else’s schedule and start designing your own empire—this book is a cheat code.
Takeaway: Stop following the script. Write your own. Sell your way, live your way.
Stack today’s wins and watch the magic happen.
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