Ep. 148 - 3 Fed Rate Cuts Coming in 2024, Housing Market to BOOM?
Are we on the edge of a housing market boom? In this episode, Quinton dissects the recent Federal Reserve meeting and Jerome Powell's unexpectedly dovish remarks. Quinton examines the implications for the economy, the housing market, and the likelihood of rate cuts in the near future. He also shares exclusive insider information and historical context to bolster his analysis and predictions, leaving listeners with actionable insights for navigating the potential shift in the market. If you're a real estate professional or a prospective homebuyer, you won't want to miss this episode!
[00:00 - 00:43] - Introduction
[00:43 - 01:53] - Expectations for future rate cuts
[01:53 - 03:26] - The Fed's confidence in reaching the 2% target
[03:26 - 05:27] - The lag in owner's equivalent rent
[05:27 - 07:00] - The importance of the labor market
[07:00 - 09:06] - Housing, rent disinflation, and the potential for quantitative easing
[09:06 - 11:00] - The Federal Reserve's balance sheet and its relation to GDP growth rate
[11:00 - 13:41] - Historical context supporting the likelihood of a rate cut
[13:41 - 17:22] - Strategies for real estate professionals
Resources:
Graphs: https://bit.ly/2024feddata
(CREDIT: MBS HIGHWAY)
Key Quote:
“You might see this … take off, and it might be a temporary takeoff, but boy, look out. It looks like it's on the way." - Quinton Harris
_______________________
Search for “What’s Your 1 More” on YouTube to enjoy highlights and full video episodes.
Watch the podcast on Spotify for full video episodes, Q&As, and community polls!
Do you want to master your finances and financial leadership? Connect with us on Facebook, Twitter, and Instagram.
Bank of England is a nationwide lender that takes the time to understand your needs and structure the right mortgage for you and your family. Find your local branch at https://www.boemortgage.com/.
Please subscribe, share, and leave a review to let us know you want to keep the content coming!
