Impact of Interest Rates on Real Estate.

The Federal Reserve’s decision to maintain high-interest rates throughout 2024 is having a profound impact on real estate markets. The elevated rates are slowing down transaction volumes and making it difficult for potential buyers to afford homes. Analysts suggest that while some rate cuts might occur later in the year, the real estate sector will need to adjust to a new normal of higher borrowing costs, which could continue to suppress market activity well into the future.