Will DC housing prices rise if/when Fed cuts rates in September?

[Anonymous]

What are the chances we'll see DC housing prices increase when the Fed cuts rates in Sept?

We're looking to buy a SFH very soon, so should we buy now before the possibility of prices going up in the Fall? I assume demand will increase as mortgage rates go down. Yes?

[Anonymous]

I would buy now rather than wait. Some economists are predicting two rate cuts this year which usually results in increased demand and, in turn, price increases...or at least far fewer price cuts. Buy now and refinance later.

[Anonymous]

I wish I had these rates when I bought my first home. My first home was at 18.5 %.

[Anonymous]

Anonymous wrote:I wish I had these rates when I bought my first home. My first home was at 18.5 %.

That's nice. Obviously rates do not exist in a vacuum and now is a far worse time to buy a home.

[Anonymous]

Anonymous wrote:I wish I had these rates when I bought my first home. My first home was at 18.5 %.

Yeah,
But your first home was 100k

[Anonymous]

If you see a house you like then buy it now. You can always refinance if rates drop.

[Anonymous]

I think it's wise to buy now rather than wait. There's so much pentup demand and limited supply that as soon as rates drop the prices will most likely rise.

[Anonymous]

Buy NOW.

[Anonymous]

Let's be real: no one knows what will happen. Lower rates could increase demand; thy also may increase supply from those who were waiting to downsize/upsize. The reason rates are being cut is to get ahead of potential economic weakness (eg, Pepsi and other companies have reported weak earnings on reduced consumer demand), so that could dampen things.

There are definitely houses that have been sitting and taken big price cuts. Summer lull or an indicator of a weakening market?

No one knows. Don't try to time it. If there is a house that works for you now, buy it; at the same time, don't rush to buy a sub-par house now in fear of what will happen if rates drop.

[Anonymous]

Anonymous wrote:I wish I had these rates when I bought my first home. My first home was at 18.5 %.

Sure but your first home cost you a whole 3 blueberries, not 1 million dollars as todays’ starter homes.

[Anonymous]

Anonymous wrote:I wish I had these rates when I bought my first home. My first home was at 18.5 %.

And your first home cost $40k. Please go away.

[Anonymous]

reds cut means prices going up.

[Anonymous]

Buy and refi duh

[Anonymous]

Buy now. Prices will most likely increase when Fed cuts rates

[Anonymous]

Anonymous wrote:I think it's wise to buy now rather than wait. There's so much pentup demand and limited supply that as soon as rates drop the prices will most likely rise.

+1