>>60895261 (OP)
From what I've seen of da charts from da bearish real estate guy at Reventure who's been sounding the alarm bell on the real estate market even during the hype phase, a Fall rate cut would be very bearish. It will represent a tiny amount of money saved on interest payments for new home buyers. Like $300 bucks saved per month on a $3000 monthly payment.
You have to put yourself in the shoes of prospective buyers who have been waiting on the sidelines this whole time. Would $300 saved while home prices are still too high change your mind? No, you'd wait for rates to get cut even lower, and you'd wait for home prices to continue going down. You'd keep your 1 year lease on your apartment and ride it out.
An extended period of high interest rates followed by a tiny rate cut begins a prolonged decline. It triggers a selloff cascade that goes on for like, an entire year and a half.
