Graham Stephan, relaying another source: Fed policy rate will fall

Said on Dec 6, 2023, at 8:32 in the video.

What was said
Graham Stephan

@grahamstephan

“they also expect that the Federal Reserve will begin lowering interest rates by mid 2024 which would prompt more sellers to sell and more buyers to obtain an affordable Mortgage in fact they anticipate that rates will be as low as 4% by late 2025”
Watch at 8:32It’s Here: The Reverse Housing Crash Of 2024
PredictionFed policy ratewill fall
What happened
Relayed

Somebody else's forecast — not scored

The window it was checked over

Fed policy rateWindow checkedRecession (NBER)
−2%0%2%4%6%202020212022202320242025Said on Dec 6, 2023
−2%0%2%4%6%2020202220232025Said on Dec 6, 2023

Federal funds target range, upper limit: Federal Reserve Board via FRED, figures as first published. The shaded span is the window the call was checked over; grey bands are recessions.

Result at every window

All windows are shown, so none is picked

Somebody else's forecast — not scored

What was said around it

said let's get back to the video all right so in terms of why some analysts disagree with the belief that home prices will continue to stay strong look no further than Morgan Stanley because they believe that prices are about to get a lot more affordable in 2024 or I guess as they say we expect home sales to be weak in the first half of next year but activity should pick up in the second second half and further into 2025 and that's primarily because affordability will improve they also expect that the Federal Reserve will begin lowering interest rates by mid 2024 which would prompt more sellers to sell and more buyers to obtain an affordable Mortgage in fact they anticipate that rates will be as low as 4% by late 2025 meaning according to them we'll be back to almost 0% interest rates in Just 2 years from now the chief Economist at realtor.com also agrees with the sentiment that affordability is only going to improved from here noting that Fanny May the Mortgage Bankers Association and the National Association of Realtors all predicts that the 30-year mortgage rate will fall below 7% in the second half of 2024 however In fairness the critics of this say that none of these associations correctly

What a person said is shown in their own words and is never translated. The link goes to the exact second in the video.

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