Andrei Jikh, relaying another source: Fed policy rate will fall

The window it was checked over

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.

What was said around it

slowed, but so has the supply. And now we're at a standstill between buyers and sellers and the price really isn't moving. And if it does, it's just slowly going up. So, the question is, is it better to just wait? Here's a couple reasons why you might want to wait to buy a house. This year, exactly 36.3% of homes sold over list price. Now, that's a lot considering how high interest rates still are. But eventually, we will go back to the historical average of inventory levels and interest rates will also eventually come down. And according to the Fed's latest prediction and everything they've leaked to us so far, the rates should be coming down sometime in 2024. And that means more people will want to sell and therefore higher inventory. But I wouldn't expect a crash like some people predict because there's a lot of people waiting on the sidelines to buy a a Now, reason number two to wait is if you believe in following the money when people with a multi-million dollar net worth were asked about what they thought about real estate, they said, "Quote, they're still holding back. They still have concerns around prices of homes, interest rates, inflation, low inventory, and market performance.

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