We all have choices: either sit back and let the ride go where it pleases or take the reins and tell the horse where to go.

The October Producer Price Index (PPI) report decreased by 0.5%, much lower than the estimates of 0.1%, marking the largest decline since April 2020.

One more stat: Year over year, producer inflation fell from 2.2% to 1.3%, well below the estimated 1.9%.

A much cooler inflation report than expected. This is what we are looking for and gives the Fed more fuel to cut rates as soon as the March meeting. Remember back to previous reports when we thought maybe 4th quarter 2024 rate cuts. This is big news.

My suggestion is to stop sitting back and get in the driver’s seat, ready for the real ride ahead of us. Get pre-approved, and tell your clients to get pre-approved. Home values are up. It might be the right time to sell.