FED Holds Steady

[Non Sequitur]

While lowering the interest rates would help us as appraisers right now, what really needs help is the appraisal industry itself. More than ever you would think that the valuation of real estate would be of utmost importance.

The continuing demise of valuation using avms, waivers, pdcs, and other products other than the real estate appraiser..... especially through thieving AMC's is concerning.

Wages have increased in all sectors... our wages are going backwards.

Great post.

I agree with Glenn‘s earlier post that the broader economy is doing great, it’s real estate that’s in trouble right now. Interest rates aren’t putting the brakes on anything else. My sense is, and I haven’t read anything, but I suspect we may be moving away from a real estate and oil centric economy to something else.

 

[Non Sequitur]

Doesn't matter what the fed does. The market will send the rates down if it needs to go down.

On a limited basis, yes. But let's be honest, there's not much swing without the fed leading the way.

 

[Joe Flacco]

On a limited basis, yes. But let's be honest, there's not much swing without the fed leading the way.

Go look at the 10 year yield chart and then mark the date and changes in the Fed Funds rate.

Tell me when exactly the Fed ever led the market.

 

[glenn walker]

Yes.... appraisal business would most likely go Haywire. I would benefit, everyone here would benefit.

But I don't want to benefit to the detriment of the economy. Cutting rates too soon could result in overstimulating the economy later, leading to future instability.

Let's be honest if Trump was a Democrat you'd be all over stimulating the real estate market's. Crazy how Democrats are willing to burn down the entire Nation hoping the Trump economy fails.

TDS is a serious mental disease so powerful it's constituents want to die poor and in depression.

 

[Artemis Fowl]

... it's constituents want to die poor and in depression.

Don't think they are capable of thinking more than 2 milliseconds ahead of their feelz...would explain a lot.

 

[Mark K]

A minor drop isn't going to help much, that' why I'm glad Powell kept it where it is. The real estate market is in trouble due mostly to affordability issues caused by rates held artificially low for too many years. Until prices drop or wages increase, the real estate market will be in limbo.

The real estate market needs a bit of crash, just a fender bender, to help stabilize it. Moving rates up and down at the whim of any elected official is bad policy. 2 out of what, 12 members voted for a decrease. Probably a decrease before the end of the year so quit whining.

 

[Charles West]

A minor drop isn't going to help much, that' why I'm glad Powell kept it where it is. The real estate market is in trouble due mostly to affordability issues caused by rates held artificially low for too many years. Until prices drop or wages increase, the real estate market will be in limbo.

The real estate market needs a bit of crash, just a fender bender, to help stabilize it. Moving rates up and down at the whim of any elected official is bad policy. 2 out of what, 12 members voted for a decrease. Probably a decrease before the end of the year so quit whining.

Artificially low interest rates didn't create the affordability crisis in housing; instead, monetary inflation did.

 

[Non Sequitur]

Artificially low interest rates didn't create the affordability crisis in housing; instead, monetary inflation did.

3-2% rates caused a frenzy and higher prices, inflation came on the tail end and is sustaining those prices.

 

[Surf Cat]

I agree with Glenn‘s earlier post that the broader economy is doing great,

Remember when Biden was president and he came on TV stating how great the US was doing? GDP, labor market, job growth, Etc.

Everyone was like.... WTF! You demented fool! We're being gouged out here!

Fast forward to present day, Trump is stating that we're doing great yet, inflation and high prices persist. The countries credit rating has been downgraded, we have that pesky to the Moon national debt.

There is still this disconnect between economic performance and public perception..... there's pessimism about the economy despite the indicators. Yes, eggs and gasoline are palatable. But everything else.... it's through the roof.

 

[Surf Cat]

Let's be honest if Trump was a Democrat you'd be all over stimulating the real estate market's. Crazy how Democrats are willing to burn down the entire Nation hoping the Trump economy fails.

TDS is a serious mental disease so powerful it's constituents want to die poor and in depression.

Gawd..... you and your blinders and selective reading comprehension.