Something big is happening in the housing market: What Fed rate cuts will actually do
On Wednesday, Fed Chair Jerome Powell announced that the central bank would begin cutting Fed interest rates, starting with a .50 percentage point (50 bps) cut this month. The Fed also signaled that additional cuts were likely in their final two meetings this year in November and December, and more next year.
What Does a Fed Rate Cut Mean for the Housing Market?
Millions of would-be homeowners have been priced out of the property market since early 2022, when the Federal Reserve started raising interest rates. The looming cut may do little to help. With home prices near record highs and the cost of home insurance and property taxes rising,
Despite a recent drop in mortgage rates, some housing markets are seeing mild home price declines, according to Zillow data.
Though a growing industry, build-to-rent communities made up only 7.9% of new residential constructions last year.
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, suggesting job growth ...
The housing market is in a state of flux with new and existing home sales on the rise (as of August 2024) but overall home ...
Fortunately, housing market conditions have been getting slightly better, and they should ease somewhat throughout the rest of 2024 and beyond now that the Federal Reserve has started cutting ...
Montana’s housing market is the least affordable in the country. That’s according to data analysis by the National ...
The UK’s housing market has a lack of affordable and suitable homes and strong action is needed to support first-time buyers, ...
Corners of the U.S. housing market appear to be perking up as interest rates fall and the Federal Reserve works to bring down ...
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