September’s Federal Reserve Meeting marked the first rate cut in nine months, with many people chomping at the bit for more reductions. In this housing market update, I break down the Federal Reserve’s 0.25% rate cut, where mortgage rates are headed, and how this impacts real estate in Iowa City, Coralville, North Liberty, and beyond. There’s a Midwestern saying…”Pigs get fat, hogs get slaughtered.” Buyers who have been waiting a long time for housing market relief may find themselves in a new world of trouble if they wait too long hoping for greater mortgage rate relief. It seems cruel considering how difficult the housing market has been for many…but what if affordability in the market right now (arguably the strongest buyers’ market in years) is as good as it’s going to get?
🩷 If you’d like to talk with me about BUYING or SELLING real estate in the greater Iowa City or Cedar Rapids areas, feel free to call/text 319-594-4455 or email me at Emily@EmilyFarber.com
I’d love to talk with you!
⭐️ Interested in working with me but want to know what others are saying? Read my reviews here! https://bit.ly/44mOR1S
✅ Thinking about RELOCATING? Be sure to download my free Iowa City area relocation guide here: https://homeiowacity.com/iowa-city-relocation-guide
