Getty Images; Jenny Chang-Rodriguez/BI
- Economists expect an interest rate cut in September, which has big implications for housing.
- Lower rates would likely boost home construction.
- But in the short term, rate cuts could boost demand, sending prices even higher.
Federal Reserve chair Jerome Powell strongly hinted that interest rates are likely coming down soon during his much-anticipated remarks on Friday morning at the annual gathering of central bankers in Jackson Hole, Wyoming.