Jobs Data Sends Stock Market to Record Highs - Housing Market & Economy

"According to Wall Street, at the time of me recording this video, there is a 73% chance that the Federal Reserve Bank is going to cut interest rates by a quarter of a percentage point before the end of the year."

"the Federal Reserve Bank now is talking about cutting interest rates to continue stimulating the economy, to continue stimulating the job market, but they're still worried about this inflationary problem. Every time we start cutting interest rates, that could hopefully, I mean, one of the goals with cutting interest rates is to make mortgage rates a little bit lower."

"But every time mortgage rates fall, you see a surge in demand of people wanting to go out and take advantage of the lower mortgage rates."

"if mortgage rates actually do fall, you could see a surge in demand of people wanting to buy a house, which could push home prices up."

"over the holiday weekend, the Thanksgiving holiday weekend, we saw Americans spend 41.1 billion dollar online. Why does that matter? Because that's more than 8% more than where we were last year during that same holiday weekend."

"The stock market, more specifically the S&P 500, has grown by around 93% in the last 5 years."