Homes to Stay Unaffordable Whatever the Fed Does, Survey Shows
Among the greatest threats to personal finances are resurgent inflation and the presidential race.
A prospective buyer attends an open house at a home for sale in Larchmont, New York.
Photographer: Tiffany Hagler-Geard/BloombergLooming interest rate cuts aren’t going to make it easier for Americans to buy a new house anytime soon, according to a majority of the respondents in the latest Bloomberg Markets Live Pulse survey.
Even with Wall Street expecting a Federal Reserve easing cycle, just 24% of 489 poll participants see mortgage rates falling low enough to make homeownership more widely affordable in 2025. More than three-quarters said it will take until 2026 or later for dreams of buying a house to be within reach for many people in the US. The poll closed prior to Friday's US employment data, which spurred traders to aggressively increase their bets on Fed rate cuts.
