Golden Realty

NAR Chief Economist Lawrence Yun Forecasts 9% Increase in Home Sales for 2025 and 13% for 2026, with Mortgage Rates Stabilizing Near 6%
The worst of the housing inventory shortage is coming to an end, mortgage rates are stabilizing and job additions are continuing.

Fed goes big with interest rate cut in a bid to head off an economic slowdown.

The Federal Reserve said Wednesday it was lowering its key interest rate by half a percentage point, an unusually aggressive move designed to cushion the economy from a further slowdown.

The central bank noted job gains had slowed while inflation had made further progress toward its 2% goal.

At a follow-up news conference, Fed Chair Jay Powell said the labor market and the economy in general remain in "solid shape."

By making the larger cut, he said, "our intention is to keep it there."