Many people working in the real estate and mortgage industry, as well as those considering buying or selling real estate, are watching the news and reports on expected changes from the Federal Reserve.
CNBC conducted a survey and share the results in this article written by Steve Liesman for CNBC:
The main points of interest in the CNBC survey of 32 market participants include:
- They expect the Federal Reserve to announce a reduction in its $120 billion in monthly asset purchases in November and begin to taper in December.
- An initial interest rate hike is not expected to come until the end of 2022
- Respondents see the S&P topping 4,500 by the end of 2021 and rising to 4,765 by the end of next year.
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