Where Data Tells the Story
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The Fed has announced its third interest rate cut of 2024, lowering the benchmark rate by 0.25 percentage points to 4.25%. As interest rates shift and influence mortgage rates, the path to homeownership can change for prospective buyers.
In 2023, nearly 2 in 3 households owned their home, while the rest rented. These rates don't just shift over time — they also vary across states and urban, suburban, and rural communities.
How do you think today’s Fed decision will impact housing in your area?