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Here Comes the FED RATE PIVOT Starting in Early 2024!

Posted by Mike Askins on Thursday, December 14th, 2023 at 2:27pm.

The Fed RATE PIVOT in 2024 Will Be a Turning Point for Housing Market

FED INTEREST RATE PIVOT ALERT! Real Estate News in the making! The Fed just shocked the market with its unexpected dovish announcement. In my opinion, the Fed had no choice; they either embraced lowering the Fed Funds Rate or caused widespread bank insolvency and business failures. There is a lot of pent-up housing demand waiting on the 2024 sidelines, and with six rate cuts planned next year, price inflation concerns will be hard to predict. Add in the Dollar's increased fall from the Reserve Currency and Petrodollar status, and even the supply chain becomes an area of concern.

In the late 70s, interest rates soared to nearly 21%; back then, the Reserve Currency status was not an issue, and the U.S. had a higher percentage of domestic manufacturing in place. 

Regardless of current issues, the new economic ship is about to sail and will change housing market demand. The unknown is how long it will take for rates to lower enough to make an impact on demand. 

Because of the inflation risk, now may be the low housing price point for the next several years as interest rates decline. Buying now and refinancing later might be your best way to control your monthly mortgage cost.

New Home Deals are still out there in Dallas and Fort Worth, and buyer cash rebates likewise are at the highest level for the year (Call Mike Askins @ 214-727-3686 to get a rebate quote). With HIGHER commissions, I can offer my best FREE Move-ups of the year if you have an existing home to sell, but time is of the essence as 2023 will end in about 2 weeks, making NOW a great time to review your real estate options. 

Give us a Jingle at 214-727-3686 or Fill Out the Form Below, and We'll Contact You

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Mike Askins

Mike Askins, Realtor, Owner ARG, 20 Years of Client Services
Got questions for Realtor Mike? Call me at 214-727-3686 (mobile)

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