When home and apartment sales slow, the design world feels the effects. High mortgage rates, a lack of inventory, and the sky-rocketing costs of homes and apartments have all had a devastating effect. But with the Federal Reserve seeming to indicate a lowering of rates soon, is all that about to change? Will that unleash a flood of buyers? Or will prices continue to rise and the nation’s housing shortage only worsen? Three real estate experts—Leslie Singer in New York City, Rochelle Atlas Maize of Los Angeles, and Amanda Pendleton of Zillow—weigh in on local and national markets, what they see ahead, and the amenities that luxury buyers are searching for now.
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