Reported 11 days ago
Kamini Lane, CEO of Coldwell Banker Realty, discusses the implications of the Federal Reserve's interest rate cut on the housing market amid an affordability crisis. She highlights that home affordability is at its lowest since 1985 and emphasizes the psychological effect of the Fed's actions on buyers. While mortgage rates remain higher than in previous years, Lane believes further reductions and increased inventory will encourage buyers to return to the market and address current affordability concerns.
Source: YAHOO