The REIT sector is set to experience a significant surge in 2024 driven by declining interest rates, improving credit markets and evolving Office REIT dynamics.
As mortgage rates drop to 6-month low, a surge in new listings & uptick in Redfin agent consultations points to potential resurgence of real estate activity in 2024.
The November release of the Personal Consumption Expenditure (PCE) price index stands as the most eagerly anticipated economic event this week. Investors and Fed watchers closely monitor this event, as it provides insights into the future interest rate path.
Mortgage Bankers Association data indicates a significant drop in mortgage rates, hinting at improved affordability and a potential revival in the housing market.,Treasury bond yields have dropped, pushing long-term mortgage rates lower.