Federal Reserve and Policy Changes May Ease Housing Costs, While Demand Stays Strong
• The Federal Reserve plans to cut interest rates this year, which could lower mortgage rates and stimulate housing demand
• Real estate agents may cut commissions due to a recent settlement, which could reduce buying/selling costs
• President Biden is looking at ways to alleviate high housing costs through potential administration policies
• Economists expect moderate home price and rent increases over the next year, but most don't foresee actual price declines
• Demographic trends continue fueling housing demand, while low inventory persists, especially regarding homes for sale