According to a Reuters poll of property market consultants, the extended North American country-China trade war may negate the results of the central bank (Fed) rate cuts on the US housing market.
Key Findings:
“The current third-dimensional average rise expected for residential property across the u. s. this year is that the weakest since quarterly polling for calendar 2019 began in February 2017, despite a whole reversal in Fed policy and market expectations for a minimum of 2 additional rate cuts this year.
The agreement from the Reuters poll of regarding forty property analysts and brokers, taken August 13-22, shows U.S. home costs can rise by third-dimensional this year, 3.2% consequent and three.3% in 2021, generally almost like predictions from a poll in could.
Nearly seventieth of analysts World Health Organization answered a further question aforesaid the chance to their already-modest housing market outlook was skew additional to the draw back.
In the latest poll, nearly simple fraction of analysts - twenty of thirty two - World Health Organization more established a separate question aforesaid the trade dispute are going to be damaging to housing market activity. 10 analysts aforesaid it might don't have any impact, whereas solely 2 aforesaid it might facilitate.”
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