re: Will the anticipated 3 rate cuts jump-start residential home sales this year?

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If anything rates should go higher

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That won't be necessary. The economy would be beyond screwed if they didn't have AI in the pipeline, but we are finally starting to see that trickling through and this will be an even bigger boon to productitvity than the Internet was in the early 2000s.

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Some on Wall Street think the developments in labor productivity could help the stock market survive stickier-than-expected inflation that has emerged as a concern in recent weeks.

"If productivity goes higher, then [companies] are able to cut costs, improve margins, things like that," Bank of America US and Canada equity strategist Ohsung Kwon told Yahoo Finance. "That's why companies are so focused on improving productivity. There's a lot of macro headwinds happening. So they are trying to find ways to improve productivity and sort of offset those headwinds."

...The research team at Carson Group argues an increase in productivity could offset these concerns, though.

"With productivity soaring like it is and will hopefully continue like it can, you don't have to worry about inflation coming back, you really don't," Carson Group chief market strategist Ryan Detrick told Yahoo Finance.

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LINK

Whoever is the next president will get to take credit for fixing inflation, but the real MVP is Sam Altman for pushing out ChatGPT when he did and Microsoft for jumping on it and cranking up an AI arms race.