As the Federal Reserve embarks on its rate-cutting cycle, positive effects are beginning to ripple through the housing market. The reduction in interest rates is expected to bring some relief to mortgage rates, potentially encouraging more buyers and sellers to enter the housing market. Amid these changes, one major sector stands to benefit significantly: home improvement retailers.
Economists at Wells Fargo tell me though that now that lower rates are, are in the picture right now, that could bring more people back into the market, selling their home.Economists at Wells Fargo also estimate that total existing home sales will reach a 4.13 million annualized rate at the end of the year and a 4.37 million million annualized rate next year.
People are hovering the house market, they're not necessarily jumping in house waiting for further rate cuts, Lowe's and Home Depot.That's after ongoing declining sea source sales growth from both retailers in the latest quarter.Of course, keep Mine Lowe's has more of that Diy Customer, Home Depot, more of that pro customer.We recently published a list of 7 Cheap Chinese Stocks To Invest In Now.