There has to be significant price corrections:On real estate, you are going to see much worse earnings de-growth happening. I would still be negative on the sector, despite rates going down.
The news of mortgage rates being brought down is one thing, but the demand pick up is not there and there has to be significant price corrections on the ground for a demand to pick up again.
Right now people are not even buying cars, so buying houses is out of question.
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