The Federal Reserve’s handling of rate cuts will play a vital role in the housing market’s affordability this year, but one expert says certain states are seeing "good" signs.During an appearance on "Cavuto: Coast to Coast," Monday, Redfin CEO Glenn Kelman discussed the state of the housing market and what the potentially "sticky" inflation data could mean for buyers and sellers.
People have been putting off their homebuying plans for a long time, and so we are going to probably still have 4 million home sales this year, which is about as low as you can go, but it won't go lower," Kelman expressed. Despite some hesitancy from potential buyers, Kelman suggested that people purchasing homes now are "going to get a better price than people who buy a year or two from now when rates come back down.
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