Fed Futures have indicated a change in the wind regarding the Federal Reserve’s upcoming policy decisions. While everyone was anticipating rate cuts for the March meeting now seem less likely, with the pendulum swinging from 52.9% to 46.2% in favor of maintaining the current rates.
Homebuyers and sellers who have been on the sidelines, hoping for a more favorable mortgage landscape, may find themselves once again changing their timelines. The real estate market is about to be slowed down into peak season for 2024. If these future predictions hold the real estate market volume will continue heading south.