EOTW: Jerome Powell

After what feels like forever, a rate cut in September is finally on the horizon.
How much?

That’s still up in the air, but here’s the deal:

A rate cut could spark a spike in buying demand.

That would likely lead to faster sales cycles, fewer price reductions and a rise in “multiple offers” scenarios.

But here’s the twist—homeowners who have been waiting to sell, clinging to their low-interest rates, might finally decide it’s time to move, bringing fresh listings to the market.

We could see more demand and more supply—a win-win for everyone.

As always, I’ll keep you posted on all the important updates happening in real estate.
‍

Sincerely,