This is a dated market opinion. The expected cuts, timing, and suggested concessions in the recording should not be used as today's outlook or an offer strategy without fresh evidence.
Market archive
The housing experts are ALWAYS wrong
I react to predictions of six Fed cuts in 2024 and discuss how expectations can influence buyers and sellers.
Published · 0:52
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[00:00] nobody trusts the housing experts anymore I mean uh if you go back to 2005 6 and seven you'll find they all got it wrong on the biggest one ever or you know like the fed maybe they were just lying manipulating data or just completely inept if you're listening to mainstream media now or cable television
[00:13] you have a 0% chance of timing the market right but that being said let's listen to the top experts so I am going to share an artic article from Bigger Pockets right now so the FED will Cut Rate six times in 2024 say the top firm and uh they're projecting 150 basis points of cuts in 2024 I do think there
[00:31] will be Cuts just knowing what the FED does uh that's six cuts at 25 per cut um and you know we're depending on when they start we're probably not going to see much movement in the housing market until around end of summer uh and that you that's basically you have until then to get your $30,000 worth of concessions
[00:49] and reductions on your next deal
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