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After an aggressive half percent cut in September, the Federal Reserve followed through on an expected but more measured quarter percentage point rate reduction Thursday, just days after an historic election outcome that economists say could cause disruption in the housing market in 2025. The cut to the Fed’s benchmark interest rate brings it to…
The post Fed Moves Ahead With Expected Quarter-Point Rate Cut appeared first on RISMedia.
The National Association of REALTORS®’ (NAR) latest quarterly report shows that single-family existing-home sales prices climbed in 87% of measured metro areas (196 out of 226) in the third quarter of 2024 as mortgage rates continued to trend lower, with the 30-year fixed mortgage rate ranging from 6.08% to 6.95%. This is down from 89%…
The post NAR Quarterly Report: 87% of Metros Post Home Price Gains in Q3 2024 appeared first on RISMedia.