My Take
Industry Insights
The Feds Hold Steady - But Was It the Right Call?
June 2025
Last week’s FOMC meeting brought no surprises—rates held steady. While there’s speculation around a possible rate cut in September, I can’t help but think we missed an opportunity this month.
In my view, a June rate cut could have provided a much-needed shot of optimism. Inflation concerns remain muted, and the economic impact of a modest cut would have been negligible. What it could have delivered, though, is a psychological lift—something that’s hard to measure but critical for consumer and business confidence.
Sometimes leadership means moving ahead of the curve, not just watching it.
The Housing Market's Memory Problem
April 2025
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The housing market is still living in a dream—one shaped by COVID-era interest rates that were never meant to last.
Rates in the 2-3% range were a temporary emergency measure, not a new normal. But today, both buyers and sellers are stuck comparing current conditions to that artificial baseline. It’s like expecting a sale price to last forever.
Now that we’ve returned to more historically typical rates—5% to 7%—many are experiencing sticker shock, sitting on the sidelines, or holding out for a “return” to the unsustainable.
The reality is:
📌 Rates are not high—they're back to normal.
📌 Price and payment dynamics have shifted permanently.
📌 Expectations need to realign with fundamentals, not nostalgia.
We need to reframe the conversation, especially for younger buyers and first-time homeowners. The true benchmark isn’t what happened during a once-in-a-century crisis—it’s what happens in a healthy, functioning market.
Time to move forward with eyes wide open.