2024 Fed Rate Cuts Are Coming
In December the Fed finally halted its economy crippling interest rate hike spree. As well as indicating three interest rate cuts could come in 2024.
What impact can real estate investors expect this reversal to have on the market and their businesses?
Lowering Interest Rates
The Fed’s recent series of rate hikes has crushed most of the economy, driven up inflation, and changed the dynamics of many household’s finances for the next decade or two.
Talking about three rate cuts in 2024, and more in 2025, and 2026 suggests that they now realize that they’ve already done immense damage that needs to be reversed quickly.
Depending on a variety of other factors, that may or may not directly lead to prompt reductions in interest rates on credit cards, auto loans, business loans, mortgages, and the interest paid on deposit accounts.
The Impact
The most obvious expectation of lower interest rates for businesses and consumers is encouraging more transaction activity. Especially in terms of real estate transactions.
It could also fuel the ongoing appreciation of property prices. Reversing any temporary dip caused by a lack of affordability.
More money floating around the economy and real estate industry again would be welcomed by many, and could help avert another depression and financial crisis.
But…
The Fed clearly knows that there is more bad news coming down the pipeline that has been published in the data for the masses yet.
While rate cuts seem quite likely in an election year, this reversal will only work if they come in time to have effect before people run out of money. The impact will also be muted by other employment challenges, like AI.
The promise of rate cuts may give many hope, though the real math is a law of physics that everyone still must grapple with in the meantime.
Thankfully, as a real estate wholesaler you can take advantage of rates as low as 1% with Best Transaction Funding right now!
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"I want thank you for the excellent service I received from Best Transaction Funding.The quick response I received from your company from the beginning of the transaction and to the end was unbelievable. I also want to give a special compliment to you as well. You went to great lengths to keep me informed and gave my title company all the information they needed to complete a successful closing. I cannot express how thankful I am. Such service builds great working relationships. I will definitely recommend Best Transaction Funding to all my fellow investors. Thank You."
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