Federal Reserve's interest rate cut may not significantly improve home affordability due to rising prices and stagnant wages.
The Federal Reserve's recent interest rate cut may provide some relief for home shoppers but is unlikely to significantly improve home affordability. While mortgage rates have slightly decreased, rising home prices and stagnant wages continue to pose challenges. Experts suggest that despite the Fed's efforts to stimulate the economy, many potential buyers may still struggle to secure affordable housing options.
September 22, 2024
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