The Federal Reserve’s 25 basis point cut of the Federal Funds Rate is an exciting thing for real estate; however, it is widely misunderstood by most on how that actually impacts mortgage rates and real estate. Our housing market is currently a fair distance from normal with transactions at a 30-year low. Many buyers are on the sidelines, given the elevated prices and rates. Right now, even sellers are scratching their heads not knowing how much further they need to reduce their price or … [Read more...] about What the Fed Rate Cut Means for Real Estate