As we head into the heart of homebuying season, be sure to watch the latest installment of October Research’s 2024 Economic Forecast webinar series, featuring Odeta Kushi, deputy chief economist, First American Financial Corp.
Kushi conducts research around demographic trends, millennials and homeownership. She also monitors and analyzes quarterly surveys and economic data related to the housing industry.
“Market expectations were quite exuberant at the end of last year,” Kushi said during the Q2 Economic Forecast webinar. “Traders were expecting we’d get six or seven rate cuts this year. Unfortunately, inflation proved to be quite sticky in the first part of this year, so investors have now shifted their expectations.
“Now, expectations are calling for about one or two rate cuts, starting in September. We’re seeing this ‘higher for longer’ mantra everywhere and as the Fed’s stance. Inflation is sticking around but generally speaking, it’s expected that inflation will recede, the labor market will get into better balance and that will prompt the Fed to cut rates.”
Topics discussed on the webinar include national macroeconomic trends, housing inventory, affordable and multi-family housing, the Federal Reserve and the trajectory of interest rates, homebuyer demographics and more.
Don’t miss this opportunity to hear the latest insights on the housing market and tune into the 30-minute free webinar here.