Reported about 1 month ago
Redfin CEO Glenn Kelman discusses how the recent Federal Reserve rate cut has influenced consumer psychology in the real estate market, highlighting a 2.5% rise in pending home sales in September. Despite rising mortgage rates, buyers remain active, as monthly payments have dropped since April. Kelman suggests that the Fed's decisions and the upcoming presidential election may not have immediate effects on housing prices, but they impact buyer and seller sentiments.
Source: YAHOO