Reported 20 days ago
The Federal Reserve's recent interest rate cut of 50 basis points is seen as a significant boost for the U.S. housing market, encouraging homebuyers who have hesitated to purchase. Brokers from Compass Real Estate highlighted a surge in demand, particularly in the luxury sector, suggesting that the rate cut has alleviated the pressures from previous high rates and low inventory, allowing buyers to re-enter the market with renewed confidence.
Source: YAHOO