Interest Rate Changes & the Effect on the NYC Markets

On this week's episode, Vince discusses the recent 50 basis point cut by the Federal Reserve, the first of its kind in four years and the largest rate cut since 2008, which came in response to slower-than-expected economic growth and weakening labor market conditions, despite previous efforts to control inflation. Featuring guests, Chief Economics Officer for Brown Harris Stevens, Gregory Heym, alongside David Rodriguez of Loan Depot, and Steven Gottlieb of Coldwell Banker Warburg.   Filmed at Brown Harris Stevens' Studio 1873, Part of the Mastery of Real Estate (MORE) Network.   Subscribe: https://podcasts.apple.com/us/podcast/talking-new-york-real-estate-with-vince-rocco/id1645541166   Watch: https://www.youtube.com/playlist?list=PL7_x00Dbn3OSlGbpYVDMcT_DI0gFW06hq   Connect with Vince Rocco: https://www.bhsusa.com/real-estate-agent/vince-rocco   Brown Harris Stevens is one of the largest privately owned real estate brokerages in the country, with more than 40 offices across four states: New York, New Jersey, Connecticut, and Florida.   https://bhsusa.com/   #RealEstate #VinceRocco #NewYorkCity #TNYRE #NYC