#4 - Limited supply will push real estate pricing higher as rates drop in 2024 spurring demand

The Federal Reserve is going to shock investors next year by aggressively cutting interest rates amid a slowing economy, UBS says.The firm said in its 2024 economic outlook it expected economic growth to slow considerably next year after this year's brisk pace of growth, and that should lead to reduced retail spending, a worsening consumer balance sheet, and a continued rise in the unemployment rate."We expect economic growth to slow sharply in the next few quarters, with a mild contraction worth half a percentage point in the middle of the year," UBS said in a Monday note.The firm said that over the course of the whole year, it expected GDP to grow just 0.3% in 2024, representing a marked slowdown from the 3% gain over the past four quarters.