Blog > Fed Cuts Rates Again!
The housing market is seeing positive signs as the election is over, easing tensions and allowing people to move forward with their plans. A significant number of buyers had postponed their decisions until after the election, and now that it's behind us, there's pent-up demand expected to flow through.
Additionally, the Federal Reserve recently lowered interest rates by a quarter point, and although interest rates haven't drastically changed yet, there's optimism that they will continue to improve. Market analysts predict a strong real estate market moving into 2025 with an expected 12.5% increase in transactions. Regarding home prices, the median price ended October at $475,000, showing slight fluctuations between August and September, but stabilizing as the market slowed in September after the back-to-school season. However, the market is expected to pick up pace after the New Year.
Matt Farnham
Fiv Realty Co.
Lic # B.1000941
702-530-7289
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