Fed Rate Cuts Are Here—But Why Aren’t Mortgage Rates Dropping?​

Fed Rate Cuts Are Here—But Why Aren’t Mortgage Rates Dropping?​

The Fed also updated its economic outlook, and the takeaway is that we might see stronger growth and lower unemployment in 2025—but also slightly higher inflation. Because of that, they’ve scaled back their rate cut predictions for next year from four cuts to just two. Of course, if unemployment starts to climb, they’ve hinted they’ll act faster to adjust.

November 2024 Austin Market Trends: Rising Sales, Steady Prices, and Decreasing Inventory

November 2024 Austin Market Trends: Rising Sales, Steady Prices, and Decreasing Inventory

November brought positive momentum to the Austin-area real estate market, with rising home sales, steady price growth, and continued buyer activity. While interest rates remain a factor, buyers and sellers alike are adjusting to the market’s new normal, setting the stage for opportunities as we move into the year-end. Here’s what the numbers—and the trends—mean for you.