00:00With interest rates going where they're going,
00:02and we've got the somewhat of the soft playbook
00:07of where that's gonna go.
00:08I think some sectors that have been benefiting
00:12and will benefit from that,
00:13and I know it's had a pretty good move to it,
00:15is the real estate sector, right?
00:16You start to see what's going on there.
00:19I think people got very, in a good way,
00:22comfortable with interest rates being where they are
00:24and where they were for such a period of time.
00:26And you're looking at a 30 year fixed
00:27for, I don't know, seven, seven and a quarter percent.
00:30Once those start to take down,
00:31and we've already start to see that take down,
00:34I think home purchasers,
00:36whether they're first time or second time or third time,
00:39they're not gonna wait and pick that bottom of that market.
00:42They don't have time for that, right?
00:43They're gonna start to see as soon as these ticks come in,
00:46the systems are gonna automatically calculate
00:48how much savings that's gonna be
00:49from the higher interest rates.
00:52And we're gonna start to see that activity
00:54definitely start to pick up.
00:56I don't think that pendulum in interest rates
00:58is gonna move as fast as we've seen,
01:00whereas we're gonna want them to come back.
01:02But once we start trickling down in that lower six handle,
01:05maybe higher fives that we're gonna start to see,
01:08hopefully in a basis where the Fed can get it there.
01:12And I don't think it's gonna be anytime in 24,
01:15it'll be in the beginning of 25.
01:17We'll start to see real estate tick up.
01:18So you're starting to see some of that activity
01:21preemptively occurring in that sector
01:23in some of the home builders.
01:24I mean, we've talked about financials.
01:27Financials have weathered this storm back and forth.
01:29Yes, volatility associated in that sector.
01:31But I think with interest rate
01:33and new interest rate environments,
01:34we're gonna start to see, again,
01:35it kind of all links in together.
01:36More activity on the mortgage side, on the banking side.
01:40Money's gonna be cheaper.
01:41People are gonna start using it and wanting it.
01:43And I think the banks have been sitting
01:46on a lot of money for a while
01:47with interest rates where they were,
01:48maybe not lending out as much as they've had in the past.
01:50So I think we're gonna start to see some free flowing there,
01:53which is gonna translate in the financial sector.
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