Is the Housing Market Poised for a Rebound?

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 27 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 53%

SPDR® S&P 500 Notícia

SPDR® S&P Homebuilders ETF

Stocks Analysis by James Picerno covering: SPDR® S&P 500, SPDR® S&P Homebuilders ETF. Read James Picerno's latest article on Investing.com

The real estate market has had a rough ride since the Federal Reserve began raising interest rates in March 2022. But as expectations strengthen that the central bank will start cutting next month, the outlook is rebounding for property shares.rose in July for the first time since February helped focus attention that the industry’s headwinds are slowing and perhaps approaching a turning point.

The sharp rise in mortgage rates is widely cited as the key headwind, but here, too, there are signs that the tide is turning following yesterday’s news that the average rate on a 30-year mortgage dipped to a 15-month low. The only uncertainty vis-à-vis the Fed funds futures market is the size of the cut expected for the Sep. 18 policy meeting. At the moment, the market is pricing in a roughly 74% probability for a 25-basis-point reduction in the current 5.25%-to-5.50% target range for the Fed funds rate.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 450. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

African Stocks May Be Poised to Overtake US Equities in 2024Stocks Analysis by James Picerno covering: S&P 500, SPDR® S&P 500, VanEck Africa Index ETF. Read James Picerno's latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »

Is the Recent Surge in Stock Market Volatility Noise or Sign of What's to Come?Stocks Analysis by James Picerno covering: S&P 500, CBOE Volatility Index. Read James Picerno's latest article on Investing.com
Fonte: Investingcom - 🏆 450. / 53 Consulte Mais informação »