• Bull.

    HEDGEYE'S DEAL OF THE MONTH

    TRY OUR DAILY MACRO PLAYBOOK

    FREE FOR 30 DAYS!

In this clip from Friday's edition of The Macro Show, Hedgeye Housing analyst Josh Steiner discusses a recent FHFA/Redfin survey that revealed a large percentage of potential home sellers are waiting for interest rates to come down before potentially listing their home on the market. 

The punchline: there's still a long ways to go before a potential "unlocking" of the existing home market.

"You're talking about a 2% drop just to get about a quarter of those thinking about listing off the fence," Steiner says. "Those are pretty big thresholds to improve the supply side."

Watch the full clip above

Steiner: Lower Rates Could Unlock Housing Inventory Stalemate - TMS Banner