Jon Grauman

Ultimately, we're gonna need, I think, several rate cuts in our rear view before we really get to the point where the market starts humming again. My hope is that that all sort of coincides with as we ramp our way into the spring selling season, which is always the most optimal time of the year.

Ultimately, we're gonna need, I think, several rate cuts in our rear view before we really get to the point where the market starts humming again. My hope is that that all sort of coincides with as we ramp our way into the spring selling season, which is always the most optimal time of the year.

Ultimately, we're gonna need, I think, several rate cuts in our rear view before we really get to the point where the market starts humming again. My hope is that that all sort of coincides with as we ramp our way into the spring selling season, which is always the most optimal time of the year.

And we have that ramp where if you look at it and go, this could really line up very well here where we have time for a few more rate cuts and all of that kind of ramps at the same time with the spring selling season and the market is really sort of poised to take off.

And we have that ramp where if you look at it and go, this could really line up very well here where we have time for a few more rate cuts and all of that kind of ramps at the same time with the spring selling season and the market is really sort of poised to take off.

And we have that ramp where if you look at it and go, this could really line up very well here where we have time for a few more rate cuts and all of that kind of ramps at the same time with the spring selling season and the market is really sort of poised to take off.

Let's go.

Let's go.

Let's go.

Well, again, we just established it's not directly correlated. So I think that while before, I'm sure that there's various different graphs that you can show wherein you can look at what the correlation has been between the Fed fund rate and mortgage interest rates. I think what we're experiencing right now

Well, again, we just established it's not directly correlated. So I think that while before, I'm sure that there's various different graphs that you can show wherein you can look at what the correlation has been between the Fed fund rate and mortgage interest rates. I think what we're experiencing right now

Well, again, we just established it's not directly correlated. So I think that while before, I'm sure that there's various different graphs that you can show wherein you can look at what the correlation has been between the Fed fund rate and mortgage interest rates. I think what we're experiencing right now

coming out of this historically high inflationary period is going to differentiate a little bit from that.

coming out of this historically high inflationary period is going to differentiate a little bit from that.

coming out of this historically high inflationary period is going to differentiate a little bit from that.

Yes, I think that's right. And you're hoping that will happen or how do you think that's going to I think that I mean, look, the Fed came out at what was it, I guess, the end of last year and said they were anticipating anywhere between four to six cuts this year. And, you know, we just saw the first cut.

Yes, I think that's right. And you're hoping that will happen or how do you think that's going to I think that I mean, look, the Fed came out at what was it, I guess, the end of last year and said they were anticipating anywhere between four to six cuts this year. And, you know, we just saw the first cut.

Yes, I think that's right. And you're hoping that will happen or how do you think that's going to I think that I mean, look, the Fed came out at what was it, I guess, the end of last year and said they were anticipating anywhere between four to six cuts this year. And, you know, we just saw the first cut.

So I know that they've talked about potentially reducing the federal funds rate by two percentage points next year. That would be tremendous if that happens. But we've seen in the past that it may veer off from that course. And I just don't know. Again, my feeling is that the housing market, the capital markets, they all benefit from obviously lower interest rates.

So I know that they've talked about potentially reducing the federal funds rate by two percentage points next year. That would be tremendous if that happens. But we've seen in the past that it may veer off from that course. And I just don't know. Again, my feeling is that the housing market, the capital markets, they all benefit from obviously lower interest rates.