With the second half of Q2 now underway, WFG Chairman and Founder Patrick Stone downplays talk of economic stagflation, providing historic references, and predicts at least one Fed rate cut in the second half of 2024, perhaps as early as Q3. Stone, who believes the year will finish strong, also outlined the positive impact a Fed cut would have on mortgage rates, builder activity, and future housing inventory. Other topics covered by host Brian Bushlach and Stone in this installment include the imbalance between housing supply and pent-up homeownership demand, variations in housing costs by geographic region, affordability issues, the commercial real estate market and the availability of investment capital, and more. Listen to the latest episode now to hear from Stone has to say.
