December 2024 Fed Rate Cuts: Key Insights for Bay Area Homebuyers and Sellers

What this episode covers

In this episode of the Bay Area Real Estate Podcast, we explore the December 2024 Federal Reserve rate cuts and their impact on mortgage rates and the housing market. Despite the Fed’s efforts to lower short-term interest rates, mortgage rates remain high due to inflation concerns. Looking ahead, additional rate cuts and increased housing inventory from new apartment completions could help cool rental prices and narrow the gap between rent and mortgage rates. With mortgage rates above 6% for over two years, the market has adjusted to this ”new normal.” Jobs and inventory will play a key role in shaping home sales in the coming year. Tune in for expert insights and actionable advice tailored for Bay Area buyers and sellers. Harvinder Balu, REALTOR®, GRI, CIPS, PSA, FTBS REALTY EXPERTS® 41051 Mission Blvd., Fremont CA 94539  DRE CA #02195792  https://RealtorHarvinder.com/