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Economic Experts Sound off on the Latest Federal Reserve Rate Cut
October 2, 2024
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Economic Experts Sound off on the Latest Federal Reserve Rate Cut

By Liat Salama

BLOG HOME News + Insight

By Alexander Powers, BHS Content Team

The recent half-point interest rate cut by the Federal Reserve has many optimistic regarding the future of the economy, with more cuts expected to come toward the close of 2024 and into 2025. Particularly in the world of New York City real estate, industry professionals–as well as prospective sellers and buyers–are questioning what lies in store for the market following the nationwide slowdown in sales over the last year. 

In a recent episode of Talking New York Real Estate with Vince Rocco, Vince, a Brown Harris Stevens Broker,  discussed the recent 50-basis point-cut– the first of it’s 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. The episode featured Brown Harris Stevens Chief Economist Greg Heym, David Roderiguez of Loan Depot, and Steven Gottlieb of Coldwell Banker Warburg. 

For the latest on NYC real estate and economic  news, you can subscribe to Talking New York Real Estate on YouTube and Apple Podcasts. For questions regarding buying or selling a home, connect with a Brown Harris Stevens Agent today. 

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