The year started with the Fed promising as many as six interest rate cuts, but that proved to be a lot of Texas Bull droppings. Demand was strong from December to April Fools' Day when the American economy learned the real banker plan was a sleight of hand. As a result, builders now have a plentiful supply of homes with weaker-than-planned demand, putting downward pressure on housing pricing and increasing builder incentives and closing cost perks to get a deal done, but ONLY if you show up. With just four months until the November general election, the markets could begin to improve.
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The year started with the Fed promising as many as six interest rate cuts, but that proved to be a lot of Texas Bull droppings. Demand was strong from December to April Fools' Day when the American economy learned the real banker plan was a sleight of hand. As a result, builders now have a plentiful supply of homes with weaker-than-planned demand, putting downward pressure on housing pricing and increasing builder incentives and closing cost perks to get a deal done, but ONLY if you show up. With just four months until the November general election, the markets could begin to improve.