The Federal Reserve has just announced a significant half-point rate cut, exceeding expert expectations of just 0.25%. This drop is great news for homebuyers, as rates are now at their lowest in 19 months, opening up new opportunities for those who’ve been waiting.

What does this mean for the Utah real estate market? As rates drop, more buyers will return, pushing home prices higher. If you’re planning to buy within the next two years, now is the time to start preparing. Prices are expected to rise, and waiting could lead to more competition.

If you’re considering buying, reach out to us today for a consultation. We’ll guide you through the process and help you capitalize on this rate cut before the market heats up further!