Market Decode: Where mortgage rates and home sales could go next
WHY SHOULD INVESTORS CARE ABOUT the housing market, even if they’re not looking to buy a home? “The sector accounts for 16% of U.S. GDP and affects many parts of the economy,”1 says Lauren J. Sanfilippo, Senior Investment Strategist for the Chief Investment Office (CIO).
Just as high interest rates have led to historically high home prices across the United States, an expected steady normalization of rates in the coming months could bring some relief. In the video above, Sanfilippo details some implications of a potential thaw for the housing market and what that might mean for investors, homeowners and buyers. For more insights into the markets and economy, read the CIO’s weekly Capital Market Outlook. And for tips on helping young family members enter the housing market, check out “Helping the next generation become home owners.”
A private wealth advisor can help you get started.
1National Association of Home Builders, “Housing share of GDP surpasses 16% for first time since 2022,” April 25, 2024.
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