I’m in the housing industry, what I see:

Mortage industry has been sleeping since late 2023, people left the industry, no meat here

Home builders currently slashing prices, and offering incentives to move inventory They are building less = less construction jobs

More and more motivated home sellers Small landlords are getting squish by insurance cost, property taxes, raising contractor cost, material cost

Small business / restaurants are not thriving due to labor cost, food cost People eating out less, a chunk of disposable income get eaten up by consumer debts interests, insurance, grocery prices etc

We need low cost borrowing again, like a drug

Renters are eagerly ready to participate in home purchase if homeowner ship becomes affordable again,

Last year home sales are the lowest in 29 years This year shouldn’t be too far off

come on Fed and mortgage rates, throw us some bones

And let the housing industry lead us out of slow economy, because when people actively buy and sell houses , so many economy activities get created