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Lower mortgage rates may not boost California's housing market due to potential drops in sales, inventory, and job growth.
Lower mortgage rates might not revive California's housing market, despite reducing monthly payments.
Historical data shows that when rates drop, home sales and inventory often decrease, and prices can fall.
Additionally, the job market, a critical factor for housing, usually weakens as rates lower.
The Federal Reserve's approach to cutting rates further is uncertain, but experts argue it's a complex balance between cheaper borrowing and sustaining job growth.
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