Scott & Sherry  Walter

Scott & Sherry Walter

Sales Representative

License #: 01333515

Beverly & Co.

Mobile:
818-917-1099
Office:
818-917-1099
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Fed Cuts Interest Rates by a Quarter-Point, Third Cut This Year

USA Real Estate News-RISMedia - Thu, 2024-12-19 11:59

As widely expected, Federal Reserve (Fed) officials lowered interest rates again, marking the third cut this year—although markets wobbled based on projections of a slower pace of cuts going into 2025. During its final meeting of the year, the Federal Open Market Committee (FOMC) lowered rates by a quarter-percentage point to 4.25% to 4.5%—cutting one…

The post Fed Cuts Interest Rates by a Quarter-Point, Third Cut This Year appeared first on RISMedia.

Existing-Home Sales See Strongest Year-Over-Year Increase Since 2021

USA Real Estate News-RISMedia - Thu, 2024-12-19 11:37

Existing-home sales continue to rise year-over-year for the second month as economists say buyers are feeling more positive about their market prospects. Total existing-home sales improved 4.8% in November, rising from October’s rate of 3.96 million to 4.15 million. November’s sales data saw a large jump of 6.1% year-over-year, more than double October’s year-over-year increase…

The post Existing-Home Sales See Strongest Year-Over-Year Increase Since 2021 appeared first on RISMedia.

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