The housing market continues to grapple with high housing costs and a scarcity of inventory, factors that are likely to persist even if the Federal Reserve reduces rates. Despite these challenges, projections suggest that the rate of new home construction, or home starts, is expected to remain steady. This could provide a measure of stability in the market, even as potential homebuyers face higher borrowing costs.
The Federal Reserve’s hints at future rate cuts are based on their ongoing assessments of economic conditions. If such reductions occur, they could help ease mortgage rates from their current levels. However, the timing and impact of any such policy changes remain uncertain.
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Source: Economy - investing.com
