How long until sellers increase prices to reflect stronger affordability incoming. I wouldn’t be surprised if some real estate agents will recommend immediate price hikes.
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The same amount of time it took sellers to lower prices because of high rates 
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It will be quicker than that. Prices are downwards sticky due to loss aversion.
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The mortgage market isn’t directly tied to Fed rates, and typically anticipates them. Rates have been coming down for awhile, as this decrease was clearly anticipated. You don’t tend to see price fluctuations with Fed rates, and you often don’t see them with minor movements in mortgage rates, either.
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Smart people will realize that the rates have already been decreasing because they’re already baked in. Agents who advise this don’t know what they’re doing. Also, never ask your agent for advice regarding rate hikes or cuts. A lender is who you should be talking to about this.
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With the state of the market— any agent recommending a price hike is absurd. My prediction is some of the stale inventory may begin to move now at their current prices but I don’t anticipate a fire sale.
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Sellers don’t increase prices, buyers do. Buyer who are bidding to a monthly payment will be more willing to bid a house up when rates are lower.
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How do you know stronger affordability is incoming? Mortgage rates don’t move directly in response to the Fed Funds Rate.
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No agent who knows anything will recommend raising a home price based on rhe fed rate change. That’s absurd.
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Any Real Estate agent worth a damn has already priced this in. The last thing you want to do is chase the market.
A 50bps rate cut isn’t all of sudden gonna give people enough money to afford housing.
I’d be more concerned with what the fed is anticipating. Anyone wanna take a guess when the last time they lowered rates this much?
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The Fed cut won’t affect mortgage rates in the near term. We will see a trickle down effect later
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I’m actually seeing prices decline in my VHCOL area. Prices have gone up an unsustainable amount it seems and at the same time taxes have more than doubled. I think people are more sensitive to jobs than rates. Ie if you lose your job, doesn’t matter how good interest rates are, you’re not going to have a bid…. Rates are moving lower because the Fed is concerned about the employment part of their dual mandate.
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