Sep 19 (edited) ⢠General discussion
The "Lock-In" Effect: Is the Fed's Rate Cut a Key or a Crutch for the Housing Market? ð ð
Hey everyone, Senator Porter here. I've been in real estate for over 25 years, and I can tell you that few things generate more buzz than the Fed. Their recent rate cut is no exception, and it brings up two of the most critical questions facing our market today:
- The "Lock-In" Effect:Â Is this the year homeowners with a sub-4% mortgage rate finally decide to sell? Many have been "locked in" by their low rates, creating a significant inventory shortage. The question is, will a small rate cut be enough to offset the pain of losing that historically low rate and encourage them to list?
- Anticipation vs. Reality:Â The market has been moving in anticipation of the Fed's action, and mortgage rates have already dropped a bit. So, is the impact of the rate cut already "priced in"? Or can we expect to see more significant decreases that could truly unlock new inventory and boost buyer activity?
I'm curious to hear your thoughts. From your perspective, as agents, investors, or homeowners, what do you think? Will this move be a game-changer, or just a ripple in the pond?
I'll be in the comments to discuss, and let's get a conversation going.
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The "Lock-In" Effect: Is the Fed's Rate Cut a Key or a Crutch for the Housing Market? ð ð
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