The bond market is already pricing in rate cuts, so the simple act of the Fed cutting is not necessarily going to have a direct impact on mortgage rates... our view is it's going to be a fairly gradual decline over the next several years.
Ivy Zelman, known for predicting the 2008 housing crisis, anticipates that existing home sales will remain 'extremely depressed' through 2025.
Redfin reports an increase in inventory, with total listings nearing a four-year high, possibly signaling a shift in the housing market.
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