Agency Economic Summary, Q4 2024
Will mortgage rates finally drop?
As we wrap up the year, questions around interest rates continue to linger – how much, how many and when. The Federal Reserve’s monetary easing has begun, but to what extent? This time last year, the real estate market was ecstatic about their expectations of eight rate cuts in 2024. We’ve had one. Now, the market expectations range from two to seven in 2024, and with only two Fed meetings left. Either way, because an interest rate cut in November or December will likely not materially impact the 2024 results of title agencies, we must understand the housing market impact of the last two months as we shift our focus to the first quarter of 2025 and finalize our planning and budgeting.
Report Highlights
- Will the market improve in 2025?
- Will there be additional rate cuts next year?
- How long before the lock-in effect normalizes market conditions?
- When will pent-up demand finally become available?
What Should Agents do Next?
Information has always been the best defense against uncertain market conditions. Agents need to be informed and prepared to succeed. Download Jeff Lanier’s Q4 2024 Economic Report and take appropriate action to protect your business interests.
Interested in knowing more? View these other 2024 economic reports:
Stewart Agency Economic Summary Report, 3Q24
Stewart Agency Economic Summary Report, 2Q24
Stewart Agency Economic Summary, 1Q24