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

I mean, this was just 2 days ago:


Bloomberg
@business

Sales of previously owned US homes surged in February to the fastest pace in a year

—-

People are grabbing what they can before rate cuts start and home prices soar in bidding wars

We need an increase not a decease.

Yield curve now inverted the longest in history ( 429 days )

Used to be reliable inflation predictor but with Central Bank actions now controlling all , we have booming economy with record inversion

On the other side you have this:

Office Buildings – According to data from real-estate consulting firm Colliers, the U.S. vacancy rate has risen from 11% in late 2019 to 17% today, higher than at any point in the 2008 global financial crisis.

Back in the 80s...a bank or two might topple with borrowers having close to 20% vacancies.

Let's see if the regional banks come clean in the next couple of quarters.

And finally:

Fed's Bostic says he now projects just 1 rate cut this year, adding it will likely happen later in the year than he previously expected.
He had previously said he thought there would be 2 cuts starting this summer

Good Thing