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A Narrative of The Housing Economy

Rate Expectations Go Big To Go Home

• The Fed Gives Housing Sales A Lift With Unexpected 50-Basis Point Cut
• The Fed’s First Rate Cut In Four Years Expected To Pull Mortgage Rates Lower
• Its A New Era With Six More Rate Cuts In The Forecast Through 2025

9/11 Was 23 Years Ago, But Sometimes It Feels Like Yesterday

• 9/11 Imagery Is Obviously Seared Into The Memories Of People That Were There
• NYC Outbound Migration After 9/11 Reversed Within 3 Years
• Manhattan Housing Tends To Recover Within 2 Years After A Catastrophic Event